Crowflight Obtains Conditional Approval to Trade on Toronto Stock Exchange
November 21 2008 - 6:30AM
Marketwired Canada
CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased
to announce it has received conditional approval to list its common shares on
the Toronto Stock Exchange (TSX).
The listing is conditional on the Company providing certain documents to the
Exchange. Following graduation, the common shares of the Company will continue
to trade under the stock symbol CML.
Commented Mike Hoffman, President and CEO of Crowflight, "We feel that having
Crowflight's shares graduate to the TSX is a natural progression for the Company
at this point in time. As we begin production from our Bucko Lake Nickel Mine,
it's an ideal time to increase our profile by being listed on the senior
Canadian exchange."
Commissioning activities continue at the Bucko Lake Nickel Mine. Crowflight
expects to ramp up production for the remainder of the year and declare full
commercial production during the first quarter of 2009.
Crowflight Minerals - Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX VENTURE:CML) is a Canadian junior mining company
that is bringing the Bucko Lake Nickel Mine near Wabowden, Manitoba into
production. Full commercial production is expected to be achieved at Bucko in
early 2009. The Company is also focused on nickel, copper and Platinum Group
Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in
this press release constitutes "forward-looking information" within the meaning
of Canadian securities law. Such forward-looking information may be identified
by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may", "will" and include without limitation, statements regarding
estimated capital and operating costs, expected production timeline, benefits of
updated development plans, foreign exchange assumptions and regulatory
approvals. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from such
statements. Factors that could cause actual results to differ materially
include, among others, metal prices, competition, risks inherent in the mining
industry, and regulatory risks. Most of these factors are outside the control of
the Company. Investors are cautioned not to put undue reliance on
forward-looking information. Except as otherwise required by applicable
securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result
of new information, future events or otherwise.
Further information is available on the Company's website at www.crowflight.com.
Total Shares Outstanding: 269.7MM
Fully Diluted: 307.9MM
52-Week Trading Range: C$0.09 - $0.80
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