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January 17, 2008

Wits Gold heads for Toronto bourse, sells R243,75m worth of shares

Johannesburg-listed gold exploration company Wits Gold will soon join the ranks of dual listed prospectors, as the company heads for the Toronto stock exchange, and hopes to be listed in early 2008.

"It is anticipated that listing on the TSX will provide the company with an international platform to highlight the significance of its gold and uranium resources. In a world deprived of major gold discoveries, it is anticipated the large resource base controlled by Wits Gold will have strategic importance in a rising gold price scenario," Wits Gold CEO Dr Marc Watchorn said on Thursday.

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Posted by StaffWriter at January 17, 2008 7:08 AM