Cardero to Begin Trading on Amex January 24, 2005.VANCOUVER, British Columbia -- Cardero Resource Corp. (the "Company" or "Cardero") (TSX VENTURE:CDU)(FWB:CR5) is pleased to announce that its common shares are expected to commence trading on the American Stock Exchange American Stock Exchange (AMEX)Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. ("AMEX AMEX See: American Stock Exchange ") at 9:30 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy on Monday, January 24, 2005 under the ticker symbol CDY. The Company's specialist will be J. Streicher & Co. LLC. The Company's shares will continue to trade on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol CDU and the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. under the symbol CR5. The listing approval is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the AMEX, and may be rescinded if the Company is not in compliance with such standards. Cardero is well financed with approximately $19 million in the treasury and well positioned to continue aggressively exploring projects in Mexico, Peru, and Argentina. Cardero has carved a niche as one of the largest landholders with potential for Iron-Oxide Copper Gold (IOCG IOCG Iron Oxide Copper Gold IOCG International Organization for Crystal Growth ) discoveries in the Americas as well as a balanced multi-commodity portfolio of high-quality precious and base metal (gold, silver and copper) prospects For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com and United States regulatory filings on EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. at www.sec.gov. On Behalf of the Board of Directors of CARDERO RESOURCE CORP. Hendrik van Alphen, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. CAUTIONARY NOTE ON FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding a listing on AMEX, potential future corporate growth, the potential for IOCG discoveries and the anticipated quality of the Company's portfolio. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. This press release is not an offer to buy or sell securities in the United States. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release which has been prepared by management. Cardero Resource Corp. (TSX VENTURE:CDU) (FRANKFURT:CR5) |
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