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Re: News Release - Tuesday, March 16, 2010
Crowflight Provides Update on TSX Delisting Review
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CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX: CML) has
been advised by the Toronto Stock Exchange that it has extended its
review of the eligibility of the common shares of the Company for 30
days. Crowflight reminds its shareholders that the delisting review was
initially launched in July 2009 in connection with the then-announced
equity financing and is standard procedure relating to an application
to use the financial distress exemption (see press release of July 7,
2009).
About Crowflight Minerals
Crowflight Minerals Inc. (TSX: CML) is a Canadian junior mining company
that owns the Bucko Lake Nickel Mine near Wabowden, Manitoba.
Crowflight is in the process of resuming production at the Bucko Mine:
milling operations have recently resumed and shipments of nickel
concentrate are expected to occur in March 2010. Crowflight's
production targets for 2010 from Bucko are approximately 8.6 million
pounds of payable nickel based on projections of 342,000 tonnes at a
1.63% nickel grade and assuming a 78% recovery. The Company also holds
nickel, copper and Platinum Group Mineral (PGM) projects in the
Thompson Nickel Belt and Sudbury Basin.
Cautionary Note on Forward-Looking Information
This press release contains forward-looking statements under Canadian
securities legislation. Forward-looking statements include, but are not
limited to, statements with respect to production plans, timetables and
costs, government regulations and the future disclosure of the Company.
Generally, forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward looking statements
are based on the opinions and estimates of management as of the date
such statements are made. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or implied
by such forward-looking statements, including but not limited to those
risks set out in the Company's annual information form that is
available under the profile of the Company on SEDAR. Although
management of the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements. There can be no assurance that
such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company does not undertake to update
any forward-looking statements, except in accordance with applicable
securities laws.
Further information is available on the Company's website at
www.crowflight.com or contact:
Mark Trevisiol
President and CEO
Crowflight Minerals
Tel: (416) 861-5893
Heather Colpitts
Manager, Investor and Public Relations
Crowflight Minerals
Tel: (416) 861-5803
info@crowflight.com
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Copyright (c) 2010 CROWFLIGHT MINERALS INC. (CML) All rights reserved.
For more information visit our website at http://www.crowflight.com/
or send mailto:info@crowflight.com
Message sent on Tue Mar 16, 2010 at 8:32:14 AM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : CML.TO |
ISIN : CA13758Y2015 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Crowflight Mineral est une société de production minière de nickel basée au Canada. Crowflight Mineral est productrice de nickel, de cuivre au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est BUCKO LAKE au Canada et ses principaux projets en exploration sont AER/KIDD, PETER'S ROOST et TNB NORTH au Canada. Crowflight Mineral est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,2 millions (863 092 US$, 770 828 €). La valeur de son action a atteint son plus haut niveau récent le 01 novembre 1996 à 96,02 , et son plus bas niveau récent le 04 février 2016 à 0,03 . Crowflight Mineral possède 47 442 200 actions en circulation. |