Laramide Resources Ltd Launches Secondary Offering And ASX co-listing

Laramide Resources Ltd announced that it has lodged a prospectus (Prospectus) with the Australian Securities and Investment Commission (ASIC) for a minimum of AUD8,500,000 up to a maximum of AUD10,200,000 by way of an Australian initial public offering (the Offering), ahead of a planned co-listing of its shares on the Australian Securities Exchange (ASX) targeted for March 2013.Bell Potter Securities Limited is the lead manager for the Offering (the Lead Manager), which will consist of between 10,000,000 and 12,000,000 CHESS Depository Receipts (CDIs) to be issued at AUD0.85 per CDI (approximately CAD0.89), to raise a minimum of AUD8,500,000 up to a maximum of AUD10,200,000 before expenses of the Offer. Subject to regulatory approval, each CDI will be equivalent to and exchangeable for one common share in the capital of Laramide. The Toronto-based company's common shares will continue to trade on Toronto Stock Exchange (TSX) under its LAM symbol. The Company also intends to apply to the ASX for admission to the official list of the ASX and for quotation of its CDIs for trading.