TORONTO, ONTARIO--(Marketwired - April 15, 2014) - Northern Sun Mining Corp. (formerly Liberty Mines Inc.)(TSX:NSC) announces that its common shares have been approved for listing on the TSX Venture Exchange. The common shares of Northern Sun will be delisted from the Toronto Stock Exchange at the close of business on Tuesday, April 15, 2014 and will commence trading on the TSX Venture Exchange at the open of business on Wednesday, April 16, 2014 under the ticker symbol NSC.
In addition, Northern Sun announces that it has entered into an extension agreement with QMX Gold Corporation to extend the closing of the proposed acquisition of the Snow Lake property, located in Manitoba, until May 31, 2014.
David Rigg, President and CEO of the Company, commented, "We are looking forward to an exciting spring at Northern Sun. Repairs are underway at the Redstone Mill in preparation for the first custom mill feed to begin on June 30th, 2014. In addition, the Company continues to review additional custom milling proposals from several companies with deposits in the Timmins area and additional assets to diversify its property portfolio."
About Northern Sun Mining Corp.
Northern Sun owns two former producing nickel mines and a large, prospective, land package in the Shaw Dome area, a prospective nickel belt near Timmins, Ontario. Northern Sun owns the Redstone Mill which has operated as the only nickel concentrator in the Region. The Mill was designed with two processing circuits which are permitted to operate in tandem at 1,500 tonnes per day ("tpd"), but with the flexibility to operate independently processing two different ore types, each at 750 tpd.
For further information:
Please visit our website at www.northernsunmining.ca; follow us on Facebook, LinkedIn or Twitter @NorthernSunMine.
REGULATORY NOTES AND CAUTIONARY STATEMENTS
This document includes "forward looking statements", as defined under applicable securities laws. All statements, other than statements of historical fact, including statements regarding the impact of the transition to the TSXV, future plans and objectives of Northern Sun, and the timing and completion of necessary financing, the Snow Lake acquisition, and its consequences are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Northern Sun's expectations are: insolvency risks; regulatory approvals; environmental risks and other risks inherent in the mining industry, as described in Northern Sun's public filings. Forward-looking statements speak only as of the date on which they are made. Northern Sun does not undertake to publicly update any such statement, except where required by securities regulations. Accordingly, readers should not place undue reliance on forward-looking statements.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained here.