Crowflight Obtains Conditional Approval to Trade on Toronto Stock Exchange
November 21 2008 - 8:30AM
Marketwired
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
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Crowflight Minerals Mike Hoffman President and CEO
(416) 861-2964 Crowflight Minerals Heather Colpitts Manager,
Investor and Public Relations (416) 861-5803 Email:
info@crowflight.com Website: www.crowflight.com
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