Denbury Resources Announces Plans to De-List From the Toronto Stock Exchange.Business Editors DALLAS--(BUSINESS WIRE)--March 21, 2002 Denbury Resources Inc. (NYSE NYSE See: New York Stock Exchange :DNR See dynamic noise reduction and domain name resolver. ) (TSE:DNR), announced today that it will de-list from The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("TSE") as of the close of business on April 15, 2002. Since the Company's reincorporation in the United States in 1999, the Company's trading volume on the TSE has dropped substantially relative to the volume on the NYSE and the number of its Canadian shareholders has also declined. As a result, the Company felt like it could no longer justify the incremental cost of the dual listing. The Company's listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. will provide an active market in the Company's stock and will be available to all shareholders regardless of the country where they reside. Denbury Resources Inc. (www.denbury.com) is a growing independent oil and gas company and since 1993, all of its assets have been located in the United States. The Company is the largest oil and natural gas operator in Mississippi, holds key operating acreage onshore Louisiana and has a growing presence in the offshore Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east areas. The Company increases the value of acquired properties in its core areas through a combination of exploitation drilling and proven engineering extraction practices. Upcoming Presentations Mr. Gareth Roberts, President and CEO, will be presenting at the CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. 2002 Global Energy Conference on Thursday, March 21st, at 2:50 P.M. EDT. The presentation by Mr. Roberts will be webcast, available from the Company's website at www.denbury.com. |
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