TSX:YMI
CALGARY, Jan. 12, 2017 /CNW/ -Yellowhead Mining Inc.
("Yellowhead" or the "Company") (TSX: YMI) reports that the
Toronto Stock Exchange ("TSX") has decided to delist the common
shares of the Company from trading on the TSX, effective as of
February 10, 2017, as a result of the
Company not meeting the continued listing requirement of incurring
a minimum of $350,000 in expenditures
on its mineral projects during the past year.
At the present time, the Board of Directors of the Company
intends to continue to keep the Harper Creek project ("Harper
Creek") on care and maintenance for the foreseeable future,
including through the balance of 2017, until such time as more
favorable commodity and capital markets exist that would permit the
development of Harper Creek to continue.
About the Harper Creek Project
Harper Creek is a proposed 70,000 tonnes-per-day open pit copper
mine with a 28 year mine life, located in the Thompson – Nicola region of British Columbia near Vavenby. If
developed, Harper Creek would provide up to 600 jobs during
construction and up to 450 permanent jobs during operations.
About Yellowhead Mining Inc.
Yellowhead Mining Inc. is a development stage company with a
100% interest in Harper Creek, located in the North Thompson - Nicola region of British Columbia, Canada.
Forward Looking Statements
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities laws. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
statements, including, among others, the accuracy of mineral grades
and related assumptions, inherent operating risks, planned
expenditures, proposed exploration and development at the Harper
Creek Project, operating and economic aspects of the Harper Creek
Project, as well as those risk factors identified in the Company's
Annual Information Form filed under the Company's SEDAR profile.
Yellowhead undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions
should change except as required by law. The reader is cautioned
not to place undue reliance on forward-looking statements. More
detailed information about potential factors that could affect
projected results is included in the documents filed from time to
time with the Canadian securities regulatory authorities by
Yellowhead.
SOURCE Yellowhead Mining Inc.