QMX Gold Corporation to Begin Trading on the TSX
04 July 2012 - 7:00AM
Marketwired
ALEXIS MINERALS CORPORATION (TSX:AMC)(OTCQX:AXSMF) ("Alexis" or the
"Company") is pleased to announce that it has changed its name to
QMX Gold Corporation. The shareholders of the Company (the
"Shareholder") approved the name change at the recent Annual and
Special Meeting of Shareholders held on June 13, 2012.
In addition, Shareholders approved the consolidation of the
issued and outstanding common shares of the Company on the basis of
one new common share of the Company for every 20 existing common
shares of the Company. Effective July 5, 2012, the new common
shares will begin trading on the Toronto Stock Exchange ("TSX") on
a consolidated basis under the name "QMX Gold Corporation" with the
new trading symbol "QMX". Changes to the OTCQX platform trading
symbol for US markets will occur over the coming weeks.
Equity Financial Trust Company, the company's Transfer Agent,
will act as agent for the purposes of implementing the exchange of
share certificates. Transmittal forms will be mailed to
shareholders of record as of April 24, 2012. The letter of
transmittal will also be accessible under the SEDAR profile of the
company at www.SEDAR.com.
This name change comes on the recent news of a financing deal
with Credit Suisse (see press release issued May 29, 2012) which
the Company expects will begin the start-up of the company's
flagship property, the Snow Lake Mine, located in Manitoba. The
name combines all aspects of the company with the "Q" representing
Quebec, the "M" for Manitoba, and the "X" for the continued
exploration potential at the company's various mining leases
located in Val d'Or and Snow Lake.
Other changes relating to the new company name will also be
phased in over the next few months and will include: a new website
address and investor contact email, updates to Twitter and Facebook
profiles, and updated information about the company's upcoming
projects.
Francois Perron, President and CEO, of QMX Gold Corporation
commented: "I continue to be proud of the accomplishments by our
teams at the mine and exploration projects in Quebec and Manitoba.
This is an important day in the history of the Company as the name
change reflects the turning of a new page in the Company's story,
and the inclusion of the Manitoba Project as the key to its
success. We are recognizing this with reference to Manitoba now
found in our company's name."
Qualified Person
Technical programs and information included in this release have
been supervised, compiled, reviewed and approved by David Rigg,
P.Geo., the Chairman of the Company and a Qualified Person as
defined under NI 43-101.
About QMX Gold
QMX Gold Corporation is a Canadian publicly traded mining
company focusing on mine development and exploration in Quebec and
Manitoba. The Company is listed on the Toronto Stock Exchange
("TSX") and effective July 5, 2012, will trade under the symbol
"QMX", and trades in the United States on the Over the Counter QX
International ("OTCQX") platform under the symbol "AXSMF". QMX Gold
continues to be a dynamic and aggressive mining company operating
in Canada's richest mining regions: Val-d'Or, Quebec, and Snow
Lake, Manitoba. QMX Gold continues to operate in the mineral rich
Val-d'Or area with production estimated at 18,000-20,000 ounces of
gold per year. The Company has also begun to ramp-up pre-production
activities at its property at the Snow Lake Mining Camp which has a
Measured and Indicated Mineral Resources of over 720,000 oz gold
and is expected to produce 80,000 ounces of gold per year.
Forward-looking information:
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
statements with respect to the impact of the name change and
consolidation on the Company's performance, the timing and amount
of future exploration and development of the property, the timing
and amount of future production, and the future financial or
operating performance of Alexis and its projects. Generally,
forward-looking information 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 state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward looking
information is 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 information, including but not limited to those
risks described in the annual information form of the Company,
which is available under the profile of the Company on SEDAR.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information 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 information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
Contacts: Alexis Minerals Corporation Francois Perron President
and CEO (416) 309-2952 Alexis Minerals Corporation Louis Baribeau
Public Relations (514) 667-2304 Alexis Minerals Corporation Rob
Hopkins Investor Relations (416) 861-5899 Toll free: 1
877-717-3027info@alexisminerals.com www.alexisminerals.com
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