EX-21 11 ex_95767.htm EXHIBIT 21 ex_95767.htm

Exhibit 21

 

Subsidiaries

 

 

1.

2391938 Ontario Inc., an Ontario, Canada subsidiary.

 

 

2.

Energizer (Mauritius) Ltd. (“ERMAU”), a Mauritius subsidiary.

 

 

a.

Energizer Madagascar Sarl. (“ERMAD”), a Madagascar subsidiary of ERMAU.

 

 

3.

THB Ventures Ltd. (“THB”), a Mauritius subsidiary of ERMAU.

 

 

a.

Energizer Minerals Sarl. (“ERMIN”), a Madagascar subsidiary of THB.

 

 

4.

Madagascar-ERG Joint Venture (Mauritius) Ltd. (“ERGJVM”), a Mauritius subsidiary of ERMAU.

 

 

a.

ERG (Madagascar) Sarl. (“ERGMAD”), a Madagascar subsidiary of ERGJVM.