Total Shares Outstanding: 22.1 MM
Fully Diluted: 29.6 MM
SUDBURY, ON, Sept. 16, 2011 /CNW/ - Transition Metals Corp (Transition Metals or the "Company" TSXV: XTM), a gold exploration company focused in Northern Ontario and British
Columbia, announced today the appointment of Thomas Hart to its
management team to serve as Vice President of Exploration. Mr. Hart will be responsible for overseeing the Company's exploration
activities and will also assist the management team in the evaluation
of new business opportunities.
Scott Mclean, CEO of Transition Metals stated "Tom's technical
experience and ability further compliments the depth of our strong
project generative team. Tom's involvement will enable us to accelerate
our ability to generate and advance new quality new gold projects as we
continue to grow the Company".
Mr. Hart is a professional geologist (APGEO) with an M.Sc. in Geology
from the University of Toronto and has been working as an exploration
geologist on lode gold and base metal projects in Canada since 1984.
Most recently, Mr. Hart worked as a mapping geologist for the Ontario
Geological Survey and for Northern Superior Resources. While working
for the Ontario Geological Survey on the Lake Nipigon Region Geoscience
Initiative he was a member of a team of geoscientists that received the
"Discovery of the Year" award from the Northwestern Ontario Prospectors
Association in 2005.
About Transition Metals
Transition Metals is a public mining exploration Company listed on the
Toronto Venture Exchange (TSXV) under the trading symbol - XTM,
focused on the identification, exploration and development of new gold
opportunities in established and emerging gold districts in Canada. The
Company currently owns or controls an interest in five early stage gold
exploration properties in Ontario and British Columbia. The Company is
committed to building shareholder value through the identification and
development of new low cost, high quality exploration projects while
minimizing shareholder dilution through funding partnerships and
revenue generating opportunities.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the
information in this press release constitutes "forward-looking
information" within the meaning of Canadian securities law. Such
forward-looking information may be identified by words such as "plans",
"proposes", "estimates", "intends", "expects", "believes", "may",
"will" and include without limitation, statements regarding estimated
capital and operating costs, expected production timeline, benefits of
updated development plans, foreign exchange assumptions and regulatory
approvals. There can be no assurance that such statements will prove to
be accurate; actual results and future events could differ materially
from such statements. Factors that could cause actual results to differ
materially include, among others, metal prices, competition, risks
inherent in the mining industry, and regulatory risks. Most of these
factors are outside the control of the Company. Investors are cautioned
not to put undue reliance on forward-looking information. Except as
otherwise required by applicable securities statutes or regulation, the
Company expressly disclaims any intent or obligation to update publicly
forward-looking information, whether as a result of new information,
future events or otherwise.
No securities regulatory authority has either approved or disapproved of
the contents of this news release. The securities being offered have
not been, and will not be, registered under the United States
Securities Act of 1933, as amended , or any state securities laws, and
may not be offered or sold in the United States unless pursuant to an
exemption there from. This press release is for information purposes
only and does not constitute an offer to sell or a solicitation of an
offer to buy any securities of Transition Metals in any jurisdiction.
SOURCE Transition Metals Corp.
For further information:
Further information is available on the Company's website at:
www.transitionmetalscorp.com or contact:
(416) 815-0700 - extension 267