Inspiration Mining Corporation

Inspiration Mining Corporation

August 07, 2015 16:17 ET

Inspiration to Delist from Toronto Stock Exchange

TORONTO, ONTARIO--(Marketwired - Aug. 7, 2015) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM) announces that it has requested that its common shares be voluntarily delisted from the Toronto Stock Exchange ("TSX"). The common shares are expected to be delisted on or about September 22, 2015. The Corporation has been under delisting review since April 10, 2015 and it is not able to meet TSX's continued listing requirements. The Corporation will be filing a listing application with the TSX Venture Exchange for the listing of its common shares through the facilities of the TSX Venture Exchange.

"Given the current price of nickel and the state of the mining industry in general, the Corporation is of the opinion that its listing on the Toronto Stock Exchange has not provided the anticipated benefits of such listing," commented Randy Miller, the President of the Corporation. "The voluntary delisting from TSX will permit the Corporation to converse additional resources and focus its resources and efforts on the continued development of its Langmuir Property."

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

Contact Information