The news may be reassuring to those who fear Toronto is waning as an exchange for gold juniors, with West African Resources yesterday pulling the pin on its TSXV listing and separately, Titan Minerals to merge with Canada's Core Gold in a deal where only the ASX listing will survive.

"As a European-focused company we felt it was important to broaden our market to include a European exchange," FireFox president and CEO Carl Löfberg said yesterday.

"We have had excellent response to our marketing so far, and so we expect to see strong trading support in Frankfurt."

The company had debuted on the TSX Venture Exchange in December following an IPO that raised C$2.1 million (US$1.6 million) through the issue of about 5.3 million units at 40c each. The amended proposal had aimed to issue between 5-12.5 million units to garner $2-$5 million.

FireFox then reported 2m at 45g/t gold from 125.5m in initial drilling at its Mustajärvi project in the Central Lapland greenstone belt last month.

Its Frankfurt shares trade under the symbol FIY and have risen from €0.159 last week to €0.183.

In Toronto, its shares have ranged from C39c-21c and closed down 8.5% yesterday to 27c, capitalising it at $7.9 million.