BOUCHERVILLE, QUEBEC--(Marketwired - March 19, 2015) - Strateco Resources Inc. ("Strateco") (TSX:RSC)(FRANKFURT:RF9) announced today that it has informed the Toronto Stock Exchange ("TSX") of its intention to delist from that trading platform. Strateco no longer meets TSX requirements for exploration companies as it no longer has any exploration projects and will henceforth focus on the $190 million lawsuit against the Quebec government for the loss of its investment in the Matoush uranium project. Strateco has initiated the process of listing on another trading platform; the Company's root trading symbol ("RSC") should remain the same.
Strateco is continuing with the cost reduction program it introduced almost a year ago following the Quebec government's refusal to grant the final permit required to start the advance exploration phase of the Matoush project. Strateco is acting in the best interest of its shareholders, and will keep them abreast of developments.
This news release contains "forward-looking statements" subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. These risks and uncertainties are discussed in Strateco's annual information form filed with the securities commissions of British Colombia, Alberta, Ontario and Quebec.