Listed: TSX Venture Exchange
Shares Issued: 20,709,118
Stock Options: 296,000 @$0.175 & 1,111,000 @$0.12
Restricted Shares: NIL
VANCOUVER, Oct. 21 /CNW/ - International Kirkland Minerals Inc. ("IKI"/the "Company"). The Company announces that it will not be proceeding with the transactions detailed in its September 30, 2009 news release.
The transactions contemplated were dependent upon the Company reaching agreement with all its creditors. One creditor holding less than 33.3% of the aggregate debt refused to settle. This creditor holds a judgement in the amount of approximately $243,510 plus interest.
Inability to complete the previously disclosed transactions means the Company is unable to meet the Tier 2 Maintenance Requirements of the TSX Venture Exchange and the Company has been advised that its listing will be transferred to NEX on a date to be determined by the Exchange.
On Behalf of the Board,
Alexander (Sandy) Bain, Director
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. The foregoing information may contain forward-looking statements relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate regulatory authorities. We seek safe harbour.
SOURCE INTERNATIONAL KIRKLAND MINERALS INC
For further information: For further information: Alexander (Sandy) Bain, Director, (604) 681-3170