VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 30, 2007) - Methanex Corporation (TSX:MX)(NASDAQ:MEOH) announced that its shares have been registered for trading on the Foreign Securities Market of the Santiago Stock Exchange of Chile. The shares will commence trading on May 3, 2007 in United States dollars under the trading symbol "Methanex".
Bruce Aitken, President and CEO of Methanex, who will be in Santiago on May 3 to mark the commencement of trading, commented, "We are very pleased to offer our shares for trading in Chile and help facilitate the opportunity for Chilean investors to invest in our Company and the methanol industry in Chile. Our plant site in Southern Chile produces approximately 10% of the world's methanol supply and is our largest asset, with a replacement value of about $US 2.5 billion."
Paul Schiodtz, Senior Vice President of Methanex in Latin America, added, "We are excited about the prospect of having local stakeholders in our Company to help support an important domestic industry for our company and the economy in Southern Chile. Methanex generates about 2,000 jobs and 70% of the exports from the Magallanes Region."
Methanex is a Vancouver based, publicly-traded company and is the world's largest producer, distributor, and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX"; on the NASDAQ Global Market in the United States under the trading symbol "MEOH"; and, effective May 3, on the Foreign Securities Market of the Santiago Stock Exchange in Chile under the trading symbol "Methanex". Methanex can be visited online at www.methanex.com.
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