SRA Announces CNSX Listing and Share Consolidation
May 28 2010 - 10:49AM
Marketwired Canada
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Strategic Resource Acquisition Corporation ("SRA") (CNSX:SRZ) is pleased to
announce that effective today it is listed and trading on the Canadian National
Stock Exchange (CNSX) under the trading symbol SRZ. The shares will commence
trading on a consolidated basis as agreed to by the shareholders at the Annual
and Special Shareholders Meeting held on March 30, 2010. Previously trading on
NEX, SRA's shares were halted on NEX yesterday in preparation for delisting and
will officially be delisted from NEX at end of trading today.
Victor Wyprysky, President and CEO of SRA stated "We are very pleased to be
trading on the CNSX as we continue with our plans to build SRA's assets and
increase shareholder value".
SRA is a Toronto-based mineral development company, focused on acquisition and
development of base and precious metal properties in Canada and in low-risk
foreign locations. SRA has 100% ownership of two properties in Portugal, one
gold and one base metal resource located in the Iberian Pyrite Belt a renowned
mining district in Spain and Portugal (see press release dated May 20, 2010).
The Qualified Person for SRA, as defined by National Instrument 43-101, is
Terence Chandler, P.Geo, Executive Vice President, with more than 35 years
experience in the minerals industry.
This news release contains "forward-looking information" which may include, but
is not limited to, statements with respect to the future financial or operating
performance of the Company and its projects. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or
be achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking
statements. Forward-looking statements contained herein are made as of the date
of this press release and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future
events or results or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if circumstances,
management's estimates or opinions should change, except as required by
securities legislation. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements.
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