Marketwire
TORONTO, ONTARIO--(Marketwired - Nov. 7, 2013) - Thundermin Resources Inc. ("Thundermin") (TSX:THR) announces that its common shares will commence trading on the TSX Venture Exchange ("TSX-V") on November 8, 2013 under its same trading symbol, THR. To ensure continued and seamless trading liquidity for Thundermin's shareholders the shares will be delisted from the Toronto Stock Exchange ("TSX") at the close of trading on November 7, 2013 and will commence trading on the TSX-V at market open on November 8, 2013.
On April 11, 2013, the TSX issued a bulletin initiating a review of Thundermin with respect to continued listing criteria. In particular, Thundermin's market capitalization had fallen below $3.0 million for 30 consecutive trading days, which triggered the delisting review. On account of the listing review and the fact that the resource market for junior companies was not recovering over the summer months, Thundermin made use of the streamlined listing procedure for moving to the TSX-V.
About Thundermin
Thundermin is a Canadian-based mineral exploration company focused on the exploration for and the discovery of economically viable base metal and gold deposits in Canada. Thundermin has an interest in, or the right to earn an interest in, 12 base metal and gold properties in Canada. The most significant of these is the Little Deer copper project in the Springdale area of Newfoundland that hosts the Little Deer and Whalesback copper deposits with Indicated Resources of 1,911,000 tonnes grading 2.37% copper and Inferred Resources of 3,748,000 tonnes grading 2.13% copper at Little Deer and Indicated Resources of 797,000 tonnes grading 1.67% copper and Inferred Resources of 443,000 tonnes grading 1.57% copper at Whalesback. A positive Preliminary Economic Assessment undertaken by P&E Mining Consultants Inc. was announced for Little Deer, on a stand-alone basis, in November 2011. On October 15, 2013, Thundermin was advised by its 50% joint venture partner, Cornerstone Resources Inc., that they had sold their 50% interest in the Little Deer copper project to Rambler Metals and Mining Canada Limited. Thundermin owns a 100% interest in the Lebel Township gold property, which is located on the Kirkland Lake Main Break in the prolific Kirkland Lake gold camp. Thundermin has royalty interests in 12 base metal and gold properties located in Manitoba, Saskatchewan, British Columbia and Quebec, the most significant being a 2.5% net smelter return royalty in the Pelletier Lake gold deposit which is under option to QMX Gold Corporation. The Pelletier Lake property is currently in arbitration with Thundermin aiming to regain full ownership of the property. Thundermin also has various shareholdings in twelve other junior resource companies that are actively exploring for base metal, gold, chrome, vanadium-titanium and diamond deposits in Canada.
Forward-Looking Statements
This news release may contain "Forward-Looking Statements" that involve risks and uncertainties, such as statements of Thundermin's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify "Forward -Looking Statements". Although Thundermin believes that its expectations reflected in these "Forward-Looking Statements" are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings that can be viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behavior of financial and metals markets and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our "Forward-Looking Statements". Although Thundermin believes the facts and information contained in this news release to be as correct and current as possible, Thundermin does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release.
For further information on Thundermin Resources Inc. please visit Thundermin's website at www.thundermin.com or the SEDAR website at www.sedar.com.