Roxmark shares to commence trading on TSX Venture Exchange
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 escrow.
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.
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