Claude:
Clifton is now listed on Nasdaq BB. Here is there release.
Thank you for your thorough analysis.
Regards
Dan
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CLIFTON MINING COMPANY BEGINS TRADING ON OTC BULLETIN BOARD, BROKER/DEALERS NOTE NEW SYMBOL: ''CFTNF''
ALPINE, UTAH, Jan. 26 /CNW/ - William D. Moeller, president and chairman
of Clifton Mining Company (OTCBB: CFTNF and ASE: CFB), today announced that
shares of the company's common stock have begun trading over the counter on
the Electronic Bulletin Board under the symbol ''CFTNF.'' Shares of Clifton
common stock will continue to trade on the Alberta Stock Exchange under the
symbol ''CFB.''
Founded in 1993, Clifton Mining Company is a natural resource company
focused on silver, gold and lead production at its approximately 5,100-acre
property, located on the Utah/Nevada border. Of the property's 40 identified
shear veins, 11 have been sampled with precious metal resources formally
calculated. With less than ten percent of the first 11 veins estimated,
Clifton Mining's total proven and probable resources, reviewed and approved by
international mining consultants Behre Dolbear & Co. are calculated at nearly
488,000 tons, with 4.0 million ounces of silver (8.0 opt (ounces per ton)),
19,400 ounces of gold (0.040 opt) and 54.0 million pounds of lead (5.5
percent).
''The introduction of Clifton's common stock to the U.S. market marks an
important milestone in our history,'' said Moeller. ''We expect our new
trading status to yield greater access to capital markets, increase awareness
among the investment community, and facilitate our production and development
efforts at the Clifton Shear Zones.''
The company also announced today the introduction of its Web site at a
new Internet address: www.cliftonmining.com. The site, updated regularly, is
dedicated to providing current information about Clifton Mining, including the
company's corporate profile, financials, Behre Dolbear mineral resource
information, stock price data and recent company developments. Those
interested in learning more about the company are encouraged to visit the
site, where they can contact the company directly via e-mail.
Note: Any statements released by Clifton Mining Company that are forward
looking are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Editors and investors are cautioned
that forward-looking statements invoke risk and uncertainties that may affect
the company's business prospects and performance. Those include economic,
competitive, governmental, technological and other factors discussed in the
company's business plan and due diligence information.
%SEDAR: 00008095E
-0- 01/26/98
For further information: William D. Moeller, President and Chairman, Keith W. Moeller, Vice President, Clifton Mining Company, (801) 756-1414, www.cliftonmining.com; Madeleine Franco, Andrew Graft, Jordan Richard Assoc., (801) 595-8611, www.jordanrichard.com |
