MONTREAL,
Sept. 10, 2013 /CNW Telbec/ -
Argex Titanium Inc. (TSXV: RGX) ("Argex") is pleased to
announce that it has received conditional approval to graduate to
the Toronto Stock Exchange ("TSX") from the TSX Venture
Exchange.
"In less than four years, Argex has advanced
from a capital pool company to an emerging producer of titanium
dioxide and the company has garnered significant attention from the
industry world-wide," Roy Bonnell,
President and Chief Executive Officer of Argex commented. "To
receive the validation of a listing on a senior exchange like the
TSX is a significant achievement for our management team and our
strategic partners. It is a testament to the quality of our project
and is a compliment to our shareholders."
Final approval of the listing is subject to
Argex meeting certain standard requirements of the TSX. Argex
expects to satisfy all of the necessary conditions and will make a
further announcement once the TSX issues a bulletin confirming the
date on which trading on the TSX will begin.
Upon its listing on the TSX, Argex will continue
to trade under the symbol "RGX".
About Argex Titanium Inc.
ARGEX Titanium Inc. is a near-term producer of
Titanium Dioxide (TiO2). With a primary goal of
advancing rapidly towards production, Argex has adopted a simple
and low-risk strategy for the scale-up of its proprietary process
that allows it to produce high-purity pigment-grade TiO2
directly from run-of-mine material. The closed-loop process is
environmentally friendly and produces minimal inert tailings.
Argex is pleased to have selected Valleyfield, Quebec as the location for its
Research & Development centre and first industrial-sized
production facility. The location of the site can be viewed at
Argex Valleyfield.
Forward-Looking Statements
This news release contains statements that may constitute
"forward-looking information" or "forward-looking statements"
within the meaning of applicable Canadian securities legislation.
Forward-looking information and statements may include, among
others, statements regarding the future plans, costs, objectives or
performance of Argex, or the assumptions underlying any of the
foregoing. In this news release, words such as "may", "would",
"could", "will", "likely", "believe", "expect", "anticipate",
"intend", "plan", "estimate" and similar words and the negative
form thereof are used to identify forward-looking statements.
Forward-looking statements should not be read as guarantees of
future performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future
performance will be achieved. No assurance can be given that any
events anticipated by the forward-looking information will
transpire or occur, or if any of them do so, what benefits Argex
will derive. Forward-looking statements and information are based
on information available at the time and/or management's good-faith
belief with respect to future events and are subject to known or
unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond Argex's control. These risks,
uncertainties and assumptions include, but are not limited to,
those described under "Risk Factors" in Argex's Annual Information
Form for the fiscal year ended December 31, 2012, which is available on
SEDAR at www.sedar.com; they could cause actual events or results
to differ materially from those projected in any forward-looking
statements. Argex does not intend, nor does Argex undertake any
obligation, to update or revise any forward-looking information or
statements contained in this news release to reflect subsequent
information, events or circumstances or otherwise, except if
required by applicable laws.
Neither the 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.
SOURCE Argex Titanium Inc.