TORONTO, ONTARIO--(Marketwired - June 29, 2017) - Ascendant Resources Inc. (TSX VENTURE:ASND)(FRANKFURT:2D9) ("Ascendant" or the "Company") is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (the "TSX") to graduate from the TSX Venture Exchange to list on the TSX main board.
Chris Buncic, President and CEO of Ascendant commented: "We are very pleased to list on the TSX main board as it represents another key milestone for Ascendant as we progress our plans to build a mid-tier mining company. A TSX listing is a natural progression for Ascendant and will help raise the profile of the Company with investors as well as widen the pool of those able to invest in the secondary market. The combination of success in our operations and exploration as well as our strong leverage to zinc prices in a rising price environment should prove to be an exceptional combination going forward".
Final approval of the TSX listing is subject to Ascendant meeting certain standard and customary conditions required by the TSX on or before September 26, 2017. Ascendant will issue a statement once the TSX issues a bulletin confirming the date on which trading on the TSX is expected to commence. On such date, Ascendant's common shares and listed warrants will be delisted from the TSX Venture Exchange and the common shares and listed warrants of the Company will commence trading on the TSX.
About Ascendant Resources
Ascendant Resources Inc. is a mining company focused on its producing El Mochito zinc, silver and lead mine in west-central Honduras in which the Company has a 100% interest. El Mochito has been in production since 1948. The Company evaluates producing and advanced development stage mineral resource acquisition opportunities in North, South and Central America, on an ongoing basis. The Company's common shares are principally listed on the TSX Venture Exchange under the symbol "ASND". For more information on Ascendant Resources, please visit our website at www.ascendantresources.com.
