TORONTO, ONTARIO--(Marketwired - July 6, 2016) - CIM International Group Inc. (the "Company" or "CIM") (CSE:CIM) is pleased to announce that the Canadian Securities Exchange ("CSE") has included CIM in the CSE Index as a result of the Quarterly CSE Composite Index Review. CIM's inclusion in the index was effective on June 17, 2016. Listed securities eligible for inclusion in the CSE Index must meet certain criteria which are primarily based on a company's minimum market capitalization which is $5,000,000 (http://thecse.com/en/trading/cse-composite-index).
CIM began trading on the CSE on May 9, 2016 under the ticker symbol (CSE:CIM). The Company presently has a market capitalization over $47 Million. Management believes that the inclusion in the CSE Index highlights the market's confidence in CIM in a very short period of time. We look forward to the positive impact and enhanced visibility of the Company in the investment community.
The CSE Composite Index is a broad indicator of market activity for the Canadian Securities Exchange. With approximately 75% coverage of all equities listed on the CSE, it is a uniquely positioned gauge of the Canadian small cap market. The CSE index provides a distinctly different risk/return profile than the broad Canadian equity market.
About CIM International Group Inc.
CIM International Group Inc. is a Canadian company headquartered in the greater Toronto area and is classified on the CSE as a Diversified Industries company engaged in real estate development investment and in mineral resources exploration and development in Canada. The primary focus of the Company is to seek additional attractive residential real estate development opportunities in the Toronto area, mineral resource exploration and development properties in Canada, and other attractive technology based business investment opportunities in Canada on an active and passive ownership basis.
This press release contains or refers to forward-looking information, including statements regarding the impact of inclusion in the CSE Index on the Company, the future objectives of the Company, and is based on current expectations that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, changes in equity markets, difficulty in raising capital and delays or changes in the development of the real estate project underlying the Company's investment. Any statements that involve predictions, expectations, beliefs, plans, projections, objectives, assumptions or that refer to future events or performance (often, but not always, using phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, to occur or to be achieved) are not statements of historical fact and are intended to identify forward-looking statements. Forward- looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.