NMC Resource Corporation

NMC Resource Corporation

February 11, 2011 09:00 ET

NMC Resource Announces Graduation to Tier 1 of the TSXV

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2011) - NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce that the TSX Venture Exchange (the "TSX-V") has approved its gradation to Tier 1 classification of the TSX-V, effective February 11, 2011.

Accordingly, an aggregate of 413,999 common shares of NMC Resource currently held in escrow pursuant to NMC Recourse's CPC Escrow Agreement (the "CPC Escrow Agreement") will be subject to an accelerated release schedule as follows: 103,498 common shares within 10 days of February 10, 2011; 103,498 common shares on August 10, 2011; 103,498 common shares on February 10, 2012; and 103,505 common shares on August 10, 2012.

In addition, an aggregate of 20,753,332 common shares and 18,246,666 Series A preferred shares convertible into common shares (the "Preferred Shares") currently held in escrow pursuant NMC Resource's Escrow Agreement will be subject to an accelerated release schedule as follows: 3,899,998 common shares within 10 days of February 10, 2011; 7,799,998 common shares on August 10, 2011; 9,053,336 common shares and 2,646,662 Preferred Shares on February 10, 2012; and 15,600,004 Preferred Shares on August 10, 2012.

On behalf of the board of


Yoo Sup Han; President, CEO and Director

Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at www.sedar.com. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward Looking-Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • NMC Resource Corporation
    DH (Do Hyung) Kim
    (604) 643-1730
    (604) 642-6192 (FAX)