NMC Resource Corporation

NMC Resource Corporation

December 15, 2010 09:56 ET

NMC Resource Announces Regulatory Approval of Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2010) - NMC Resource Corporation (TSX VENTURE:NRC) ("NMC Resource") is pleased to announce that further to its news release dated November 17, 2010, the TSX Venture Exchange ("TSXV") has approved its intended share consolidation (the "Consolidation") of common shares (each, a "Share" and collectively, the "Shares") of NMC Resource on the basis of one (1) post-consolidation Share for up to every five (5) pre-consolidation Shares.

Effective at the opening of markets on December 15, 2010, the Shares of NMC Resource will commence trading on TSXV on a consolidated basis. The Shares will continue to trade under the same name and trade symbol, but with a new CUSIP number of 629197203 (ISIN 6291972033) to distinguish between pre-Consolidation Shares and post-Consolidation Shares.

Shareholders of NMC Resource will be receiving a letter of transmittal from Computershare Investor Services Inc. to enable them to exchange share certificates for post-Consolidation Shares.

On behalf of the board of NMC RESOURCE CORPORATION

Yoo Sup Han, President 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 NMC Resource'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)