Crazy Horse Resources Corp. Joins OTCQX International Marketplace in U.S.
21 July 2011 - 8:13AM
Marketwired
Crazy Horse Resources Inc. (TSX VENTURE: CZH)(OTCQX: CRZHF) (the
"Company") is pleased to announce that shares of its common stock
will commence trading on the OTCQX International Marketplace
("OTCQX"), at market open today, July 20, 2011, under the symbol
"CRZHF".
The Company has retained Ellenoff Grossman & Schole LLP
("EGS") to serve as the Company's Principal American Liaison
("PAL") on the OTCQX, responsible for providing guidance on OTCQX
requirements.
"We believe joining OTCQX, a premium market tier with strong
standards, will allows us to provide our current and new U.S.
investors with superior information disclosure through this
advanced trading platform," stated Johan Raadsma, President and CEO
of the Company. "We are also delighted to have EGS as our PAL, a
firm with a strong U.S. presence and ability to support our OTCQX
membership."
Barry Grossman, Partner at EGS, commented: "We are pleased to
have assisted Crazy Horse Resources Inc. with the launching of its
trading on the OTCQX and look forward to extending our relationship
with the Company by becoming their PAL."
Investors will be able to find current financial disclosure,
real-time Level 2 quotes for the Company's shares, and further
information on the OTCQX by visiting the following websites:
www.otcqx.com and www.otcmarkets.com.
The Company's shares will remain listed and continue to trade on
the TSXV in Canada under the symbol "CZH".
About Crazy Horse Resources Inc.
Crazy Horse Resources Inc. (TSX VENTURE: CZH)(OTCQX: CRZHF)
(http://www.otcmarkets.com/stock/CRZHF/quote) trades in the United
States on OTCQX under the symbol "CRZHF" and in Canada on the TSX
Venture Exchange under the symbol "CZH". Crazy Horse Resources Inc.
is a Tier 1 mining issuer listed on the TSX Venture Exchange. The
Company's focus is on its Taysan Project. The Taysan Project
contains a copper-gold porphyry deposit with an inferred resource,
and is comprised of two mining exploration permits and three mining
exploration permit applications (permits: EP-IVA-005 and
EP-IVA-016, and permit applications: EPA-IVI-108, EPA-IVI-111 and
EPA-IVA-081) over five contiguous claim blocks covering a combined
total area of 11,254 hectares. The Taysan Project hosts a large and
only partly explored copper-gold porphyry deposit similar to other
copper-gold porphyry deposits previously mined in the Philippines.
The Taysan Project is located in southern Luzon, Philippines in a
well-developed mining province and readily accessible by road
located 20km east of the provincial capital and deep water
commercial port of Batangas City. The Company is currently
conducting a feasibility study under the management of AMECMinproc
Limited, which remains on track and on schedule.
A National Instrument 43-101 compliant technical report by
Mining Associates dated effective March 11, 2011 and entitled
"Mineral Resource Estimate and Preliminary Economic Assessment
Taysan Project" can be viewed under the Company's profile on SEDAR
(www.sedar.com).
About OTCQX
The OTCQX marketplace is the premier tier of the U.S.
Over-the-Counter (OTC) market. Investor-focused companies use the
quality controlled OTCQX platform to offer investors transparent
trading, superior information, and easy access through their
regulated U.S. broker-dealers. The OTCQX platform offers companies
and their shareholders a level of marketplace services formerly
available only on a U.S. exchange. For more about OTCQX, visit
www.otcmarkets.com.
This press release contains forward-looking statements, which
can be identified by the use of statements that include words such
as "could", "potential", "believe", "expect", "anticipate",
"intend", "plan", "likely", "will" or other similar words or
phrases. The Company does not intend, and does not assume any
obligations, to update forward-looking statements, whether as a
result of new information, future events or otherwise, unless
otherwise required by applicable securities laws. Readers should
not place undue reliance on forward-looking statements. Readers
should review the Company's prospectus dated May 6, 2010 for a list
of risks associated with the Company, and its business.
ON BEHALF OF THE BOARD
Johan Raadsma, President, CEO and Secretary
This press release includes "forward-looking statements"
including statements relating to completion of the proposed
Offering and use of the offering proceeds, that are subject to a
number of assumptions, risks and uncertainties, many of which are
beyond the control of the Company. Investors are cautioned that any
such statements are not guarantees of future performance and that
actual results or developments may differ materially from those
projected in the forward-looking statements. Such forward-looking
information represents management's best judgment based on
information currently available. No forward-looking statement can
be guaranteed and actual future results may vary materially. There
is no assurance that the Company will be successful in raising any
or all of the private placement, or that the terms thereof will not
materially change prior to closing. The Company does not assume the
obligation to update any forward-looking statement, except as
required by applicable law.
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.
Contacts: KIN Communications Inc. Investor Relations
1-866-684-6730 Ir@kincommunications.com
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