TORONTO, April 25 /CNW/ - Roxmark Mines Limited ("Roxmark" or the
"Company") announces that it has received approval for the listing of its
common shares on the TSX Venture Exchange and that the Company's common shares
will begin trading on the TSX Venture Exchange at the opening of trading on
April 27, 2007 under the trading symbol "RMK".
Roxmark is a Canadian junior resource company involved in the exploration
and development of its gold and molybdenum properties in the
Geraldton-Beardmore area of Northern Ontario, including the Nortoba-Tyson
molybdenum property and six formerly producing high grade gold mines which are
reported to have produced approximately two million ounces of gold. In
addition, the Roxmark owns the Northern Empire mill equipped to process both
gold and molybdenum ores. Within the past two years, Roxmark has bulk sampled
gold and molybdenum from its properties and processed both for sale.
The Company is incorporated in the Province of Ontario and has
145,359,204 common shares outstanding, of which approximately 23% are owned by
management and insiders of the Company. An aggregate of 34,022,128 common
shares, 5,000,000 warrants and 2,650,000 options of the Company are subject to
The directors of the Company are Philip Cunningham (Chairman), Thomas
Atkins, Jeffrey Elliott, David Malouf, Jay Richardson and Monir Younan. The
Company's senior officers are Monir Younan, President, Jay Richardson, Chief
Financial Officer, David Malouf, Vice-Chairman of Business Development and
Louis Bernard, Senior Vice-President, Operations.
The Company has no outstanding debt as at the date hereof (unaudited).
Roxmark's 2007 field program will include diamond drilling to further
delineate historical gold resources previously drilled and to explore several
gold veins on the Nortoba-Tyson property. The Company is also actively
assessing the next steps in its molybdenum development program, including
optimization of mining and processing methodology.
The Company believes that existing infrastructure above and below ground
at the six formerly producing mines provides the Company with important
advantages in pursuing additional resources. Further information is available
on the Company's website at www.roxmark.com and on SEDAR under the Company's
profile at www.sedar.com.
This news release includes certain "forward-looking statements". All
statements regarding the trading of the common shares of Roxmark on the TSX
Venture Exchange, the exploration and development of the Company's properties,
the Company's beliefs and expectations regarding its properties, assets and
exploration plans and any future plans are forward-looking statements that
involve risks and uncertainties including, but not limited to, political risk,
title risk, commodity price and currency exchange risk, operating and
environmental hazards encountered in the mining business, general industry and
economic conditions, changes in regulatory requirements, future capital
expenditures and the availability of financing. The results or events
predicted in these forward-looking statements may differ materially from
actual results or events. Any forward-looking statement speaks only as of the
date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise. Forward-looking statements are not guarantees
of future performance and accordingly undue reliance should not be placed on
such statements due to the inherent uncertainty therein.
For further information:
For further information: Monir Younan, President, Roxmark Mines Limited,
801-80 Richmond St. West, Toronto, Ontario, M5H 2A4, Tel.: (416) 860-1636,
Fax: (416) 360-7355, E-mail: firstname.lastname@example.org, Website: www.roxmark.com