Vancouver, B.C., May 17, 2013, Confederation Minerals Ltd. (TSX.V: CFM, OTCQX: CNRMF) is pleased to report that its shares are scheduled to begin trading on OTCQX, the best OTC marketplace in the United States, on May 17, 2013, under the symbol “CNRMF”. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Brian Bapty, President, emphasized, “We are very pleased to provide this additional trading venue to further enhance liquidity particularly for our current, and future, US Shareholders. As Confederation Minerals evolves from an early stage gold exploration company towards having a resource in one of the most prolific Gold exploration camps on the planet, Red Lake Ontario, we fully intend to maximize both our domestic and international investor exposure to put this story squarely on the world stage where it belongs.”
“We are pleased Confederation Minerals has chosen to upgrade to OTCQX,” said R. Cromwell Coulson, President and CEO of OTC Markets Group. “OTCQX is the best OTC marketplace offering qualifying companies like Confederation Minerals the means to enhance their U.S. shareholder base through high-quality disclosure, transparent trading and ease of access to company information.”
Scarsdale Equities LLC will serve as Confederation Minerals’ Principal American Liaison (“PAL”) on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties. Its objective is to locate and develop economic precious and base metals properties of merit. Confederation Minerals Ltd. holds an Option Agreement to acquire up to 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario.
On Behalf of the Board:
Brian Bapty, Ph.D.
President and Director
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Brian Bapty, President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", “proposes”, "project", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.