Alderon to Commence Trading on the Toronto Stock Exchange
October 11 2011 - 7:30AM
Marketwired
Alderon Iron Ore Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF)(PINK
SHEETS:ALDFF) ("Alderon") is pleased to announce that it has
received final approval for its common shares to be listed and
commence trading on the Toronto Stock Exchange ("TSX") at the
opening of trading on Wednesday, October 12, 2011. The Company
shall retain its current trading symbol "ADV". Concurrently,
Alderon's common shares will be delisted from the TSX Venture
Exchange.
Alderon's President and Chief Executive Officer, Tayfun Eldem
commented, "The TSX is the premier global exchange for the mining
industry and this listing is a significant milestone for Alderon.
The TSX listing represents an opportunity to provide greater
accessibility and liquidity to a broader group of investors and
provides increased market recognition and access to capital."
About Alderon
Alderon is a leading iron ore development company in Canada with
offices in Vancouver, Toronto, Montreal and St. John's. The 100%
owned Kami Project is located within Canada's premier iron ore
district and is surrounded by four producing iron ore mines. The
Alderon team is comprised of skilled professionals with significant
iron ore expertise to advance Kami towards production.
For more information on Alderon, please visit our website at:
www.alderonironore.com
ALDERON IRON ORE CORP.
On behalf of the Board
Mark J. Morabito, Executive Chairman
Cautionary Note Regarding Forward-Looking Information
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than
statements of historical fact, included herein including, without
limitation; statements about the development of the Kami Project
are forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration;
fluctuations in commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the
potential for conflicts of interest among certain officers,
directors or promoters with certain other projects; the absence of
dividends; competition; dilution; the volatility of our common
share price and volume and the additional risks identified in the
"Risk Factors" section of the Company's Annual Information Form for
the year ended December 31, 2010 or other reports and filings with
the TSX Venture Exchange and applicable Canadian securities
regulations. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and Alderon undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Alderon Iron Ore Corp. Vancouver Office 604-681-8030
604-681-8039 (FAX)info@alderonmining.com Alderon Iron Ore Corp.
Toronto Office 416-309-2138 416-861-8165 (FAX) Alderon Iron Ore
Corp. Montreal Office 514-989-3135 514-934-4640 (FAX) Alderon Iron
Ore Corp. St. John's Office 709-576-5607 Alderon Iron Ore Corp.
Konstantine Tsakumis Investor Relations
1-866-683-8030www.alderonironore.com
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