Joutel Resources, a Toronto- based junior exploration company, has started proceedings towards a listing on the Paris Bourse, one of Europe’s leading stock exchanges. Officers of the company are in Paris this week meeting with prospective market makers and the exchange’s director of listings.
If successful, the listing will enable the company’s large European shareholder group to follow the issue in France’s daily financial newspapers. Joutel’s largest asset is a 21.1% interest in Queenston Gold Mines, another Toronto Stock Exchange-listed mining company. Partner HSK Minerals holds an equal sized interest, giving both Joutel and hsk control of Queenston.
Joutel acquired its European shareholder base via a $4-million private placement which was completed last spring to a group of European investors. The issue was handled by Alexandre Conus, a Zurich-based investment consultant. Sources note that the possibility of some sort of amalgamation between hsk, Joutel and Queenston, is being explored by the parties.
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