Aquila to List on Toronto Stock ExchangeAquila Resources Inc.
April 23, 2007 - 01:00:07 AM
Aquila to List on Toronto Stock Exchange
TORONTO, ONTARIO--(CCNMatthews - April 23, 2007) -
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY
UNITED STATES NEWS SERVICES.
AQUILA RESOURCES INC. (TSX VENTURE:AQA)(FRANKFURT:JM4A) ("Aquila" or the
"Company") is pleased to announce that it has received conditional approval to
list on the Toronto Stock Exchange ("TSX"). The key condition to listing is
the filing of an updated NI 43-101 report on Sedar. The Toronto Stock Exchange
is one of the world's leading stock exchanges for international and domestic
mining and mining exploration companies.
Aquila plans to announce the results of a mineral resource estimate in the
near future, and thereafter will post a NI 43-101 technical report on Sedar.
The report will include the results of drilling completed by Aquila in 2006
and incorporate mineralization contained on a key property acquired in the
project area.
Thomas O. Quigley, President and CEO of Aquila stated "Aquila is pleased to
progress to the Toronto Stock Exchange. We feel the Back Forty Project is one
of North America's leading poly-metallic base metal exploration projects and
we are planning to accelerate our drilling and evaluation of the project in
2007."
About Aquila
Aquila is a mineral exploration company controlling approximately 10,000 acres
of mineral and surface rights at the Back Forty Project located in Menominee
County, Michigan, U.S. Control of mineral interests is 100% by way of mining
leases, options to purchase, and ownership of surface and mineral estates
subject to underlying royalty interests and applicable minority interests.
Exploration at the project has identified massive sulfide and gold
mineralization in a highly altered sequence of felsic volcanics, pyroclastic
rocks and intrusive porphyries
ON BEHALF OF THE BOARD
Thomas O. Quigley, President and CEO
Certain information regarding the Company contained herein may constitute
forward-looking statements under applicable securities laws. Such statements
are subject to known or unknown risks and uncertainties that may cause actual
results to differ materially from those anticipated or implied in the
forward-looking statements.
The common shares of Aquila have not and will not be registered under the
United States Securities Act of 1933, as amended, (the "US Securities Act") or
any state's securities laws and may not be offered or sold in the United
States or to any US person except in certain transaction exempt from the
registration requirements of the US Securities Act and applicable state
securities laws. This news release does not constitute an offer to sell or a
solicitation of an offer to purchase securities in the United States.
Shares Outstanding: 70,019,478
JMHO TIA