TORONTO, July 29, 2013 /CNW/ - (TSXV:GMN) GobiMin Inc. ("GobiMin" or the "Company") is pleased to announce that the Alberta Securities Commission and the British Columbia Securities Commission have each granted a full revocation of the cease trade orders previously filed against the Company (the "CTOs"). The revocation orders were filed on July 19, 2013.
GobiMin has applied to the TSX Venture Exchange to reinstate the Company's shares for trading and has been advised that trading is scheduled to be reinstated effective the opening of July 30, 2013.
The Company would also like to confirm once again that the CTOs and the delay in the release of the 2012 Annual Disclosure Documents were not related to and have no impact on the financial situation of the Company.
GobiMin owns a 70% equity interest in Xinjiang Tongyuan Minerals Ltd. for the development of the Sawayaerdun Gold Project in Xinjiang, China. GobiMin also owns indirectly a 40% to 50% interest each in four other exploration companies in Xinjiang and a residual 8% equity interest in the Yanxi Copper Project. In addition, the Company also holds a 48.02% equity interest in a silver operation.
GobiMin is aggressively seeking opportunities to acquire high quality mining and exploration projects.
Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management of GobiMin. The readers are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. Forward looking information includes without limitation, statements regarding the size and quality of the Company's mineral resources, progress in development of mineral properties, the prospective mineralization of the properties, and planned exploration programs. The readers should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. These statements speak only as of the date they are made, and GobiMin assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.
"Neither 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."
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SOURCE: GobiMin Inc.
For further information:
Felipe Tan, Chief Executive Officer
Tel: (852) 3586-6500