Creso Exploration Inc. Joins OTCQX
|Marketwire.com - Dec 6, 2010
MONTREAL, QUEBEC--(Marketwire - Dec. 6, 2010) - Creso Exploration Inc. ("Creso Exploration" or the "Corporation") (TSX VENTURE:CXT) (OTCQX:CRXEF) (FRANKFURT:C3X) is pleased to report that it has begun trading today in the U.S. on the OTC market's prestigious tier, OTCQX International, under the ticker symbol "CRXEF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Corporation on www.otcqx.com and www.otcmarkets.com.
Robert Casaceli, President and CEO of Creso Exploration commented: "We are very pleased that our shares are now trading on the OTCQX. This listing offers U.S. investors a transparent platform and provides an opportunity for Creso Exploration to increase international awareness of our Corporation and our progress as we advance our gold projects in the Shining Tree area of northeast Ontario, Canada."
Hodgson Russ LLP will serve as Creso Exploration's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
Creso Exploration agreed to issue as a success fee 50,000 common shares of the Corporation to a third party for this listing.
OTCQX is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information, and to view a full list of OTCQX companies, visit www.otcqx.com.
The Corporation's principal mining exploration holdings are located in the Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and Kirkland mining camps, and additional interests are held in base metal properties in Guatemala.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Forward looking statements in this press release include that the listing on OTCQX will provide our US investors with improved access to our equity. Results from this listing could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: results of exploration activities, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Creso Exploration Inc.
President and CEO
Creso Exploration Inc.
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- Posted: 2010-12-09 09:24:28
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