VANCOUVER, BC, Feb. 20,
2024 /CNW/ - NGEx Minerals Ltd. (TSXV: NGEX)
("NGEx", "NGEx Minerals" or the "Company") is pleased to
announce that, further to its news release on February 14, 2024, its common shares have been
approved for listing on the Toronto Stock Exchange (the "TSX") and
will begin trading at market open on February 22, 2024. Accordingly, the common shares
of the Company will be delisted from the TSX Venture Exchange (the
"TSX-V") upon commencement of trading on the TSX. There will be no
further trading on the TSX-V after the close of the market on
February 21, 2024. View PDF
Wojtek Wodzicki, President and
CEO, commented, "We are pleased to graduate to the main board of
the Toronto Stock Exchange as this marks another key milestone in
the exciting growth of NGEx. As a significant marketplace for
capital and premier exchange for resource-focused companies, the
TSX will provide the platform to increase our capital markets
visibility and provide more opportunities for inclusion in market
indices and exchange-traded products which should allow us to
attract new investors, grow our business, and maximize value for
our shareholders."
Shareholders are not required to exchange their share
certificates or take any other action in connection with the TSX
listing, as there will be no change in the trading symbol or CUSIP
for the common shares.
About NGEx Minerals
NGEx Minerals is a copper and gold exploration company based in
Canada, focused on exploration of
the Lunahuasi copper-gold-silver project in San Juan Province,
Argentina, and the nearby Los
Helados copper-gold project located approximately nine kilometres
northeast in Chile's Region III.
Both projects are located within the Vicuña District, which
includes the Caserones mine, and the Josemaria and Filo del Sol
deposits.
NGEx Minerals owns 100% of Lunahuasi and is the majority partner
and operator for the Los Helados project, subject to a Joint
Exploration Agreement with Nippon Caserones Resources LLC, which is
the indirect 49% owner of the operating Caserones open pit copper
mine located approximately 17 kilometres north of Los Helados.
Lundin Mining Corporation holds the remaining 51% stake in
Caserones.
The Company is listed on the TSX-V under the trading symbol
"NGEX". NGEx is part of the Lundin Group of Companies.
Additional information relating to NGEx Minerals Ltd. may be
obtained or viewed on the SEDAR+ website at www.sedarplus.ca.
Additional Information
Neither the TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this news
release.
The information contained in this news release was accurate at
the time of dissemination but may be superseded by subsequent news
release(s). The Company is under no obligation, nor does it
intend to update or revise the forward-looking information, whether
as a result of new information, future events or otherwise, except
as may be required by applicable securities laws.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements made and information contained herein in
the news release constitutes "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation (collectively, "forward-looking
information"). All statements other than statements of historical
facts included in this document constitute forward-looking
information, including but not limited to, statements regarding the
listing of NGEx's common shares on the TSX and the delisting of
NGEx's common shares on the TSX-V. Words such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled",
"targets", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events, conditions
or results "will", "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connotations
thereof and similar expressions identify forward-looking
information.
Forward-looking information is necessarily based upon various
estimates and assumptions including, without limitation, the
expectations and beliefs of management with regards to the
Company's ability to execute on its growth strategy as of the date
hereof. Although the Company believes that these factors and
expectations are reasonable as at the date of this document, in
light of management's experience and perception of current
conditions and expected developments, these statements are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown
risks, uncertainties and other factors may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements and undue reliance should not be placed
on such statements and information. Such factors include those
risks, uncertainties and other factors identified in the Company's
periodic filings with Canadian securities regulators which are
available on SEDAR+ at www.sedarplus.ca under the
Company's profile.
The forward-looking information contained in this news
release is based on information available to the Company as at the
date of this news release. Except as required under applicable
securities legislation, the Company does not undertake any
obligation to publicly update and/or revise any of the included
forward-looking information, whether as a result of additional
information, future events and/or otherwise. Forward-looking
information is provided for the purpose of providing information
about management's current expectations and plans and allowing
investors and others to get a better understanding of the Company's
operating environment. Although the Company has attempted to
identify important factors that would cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated, or intended. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. All the forward-looking information
contained in this document is qualified by these cautionary
statements. Readers are cautioned not to place undue reliance on
forward-looking information due to the inherent uncertainty
thereof.
Cautionary Note to U.S. Readers
Information concerning the mineral properties of the Company
contained in this news release has been prepared in accordance with
the requirements of Canadian securities laws, which differ in
material respects from the requirements of securities laws of
the United States applicable to
U.S. companies subject to the reporting and disclosure requirements
of the United States
Securities and Exchange Commission.
SOURCE NGEx Minerals Ltd.
