TORONTO, March 23 /CNW/ - Coalcorp Mining Inc. ("Coalcorp" or the "Company") (TSX-CCJ) announces that as described in its Management Information Circular mailed to shareholders on January 21, 2010 as well as in the press release issued by the Company on February 3, 2010, the Toronto Stock Exchange ("TSX") has commenced a review of the eligibility for continued listing on the TSX of the securities of the Company pursuant to the continued listing criteria of the TSX. The Company has been granted 120 days to comply with the continued listing requirements of the TSX. If the Company cannot demonstrate that it meets these listing requirements following such period, the Company's securities will be delisted from the TSX 30 days from such date.
The Company currently intends to maintain the listing of its securities on the TSX or another stock exchange. The Company is currently considering pursuing other options to ensure, to the extent possible, uninterrupted trading for the Company's securities.
Forward Looking Statements Disclaimer
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Coalcorp does not undertake to update any forward-looking statements; such statements speak only as of the date made.
SOURCE Coalcorp Mining Inc.
For further information: For further information: Steven Cresswell, Interim Chief Executive Officer, (416) 644-1217