Vostok Minerals Inc.

September 10, 2009 18:42 ET

Vostok Minerals Inc. Transfers to NEX

CALGARY, ALBERTA--(Marketwire - Sept. 10, 2009) - VOSTOK MINERALS INC. (the "Corporation") (NEX BOARD:VOS.H) announces that, pursuant to TSX Venture Exchange (the "Exchange") Policy 2.5, effective September 10, 2009, the Corporation was transferred to the NEX Board of the Exchange from Tier 2 of the Exchange (the "Transfer").

The Transfer occurred because the Corporation's delay in filing recent financial statements has resulted in the Corporation being unable to demonstrate that it meets Exchange Tier 2 listing requirements. The delay in filing financial statements is due to difficulties the Corporation has been experiencing in reconciling financial information received from the Corporation's wholly-owned Russian based subsidiary, Magadan Mining Company.

As of September 10, 2009, the Corporation is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.

The trading symbol for the Corporation has changed from VOS.V to VOS.H and the filing and service office has changed from Calgary to NEX.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements and information concerning the Corporation's future operations and prospects. The forward-looking statements and information are based on certain key expectations and assumptions made by the Corporation. Although the Corporation believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Corporation can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the Corporation's actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties include, but are not limited to, access to capital markets, interest and currency exchange rates, and political and economic conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. The Corporation undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the 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.

Contact Information

  • Vostok Minerals Inc.
    Alan A. Johnson
    Chief Executive Officer, President and Director
    (403) 239-0730
    Email: aajohns@attglobal.net