Orbite Aluminae Inc.

October 04, 2011 08:00 ET

Orbite to Make its Grand Entrance on the TSX

Company expects increased capital markets presence, and access to a broader group of investors in Canada and around the world

MONTREAL, QUEBEC--(Marketwire - Oct. 4, 2011) - Exploration Orbite VSPA Inc. ("Orbite" or the "Company") (TSX VENTURE:ORT.A) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (the "TSX") for the listing of Orbite's class A common shares on the TSX.

Listing of the class A common shares is subject to the Company's compliance with the requirements of the TSX. The Company expects to file shortly, with the TSX, the final documentation requested by the TSX in its conditional approval letter and, pending review and acceptance by the TSX of such documentation, the Company anticipates trading of its class A common shares is expected to commence next week on a day to be determined by the TSX, under the trading symbol "ORT".

Commenting on the conditional listing approval, Richard Boudreault, President and CEO of Orbite, said, "Our listing on the TSX is another important milestone in the growth of Orbite, and will provide us with many advantages, including greater visibility and market access to a broader group of Canadian and international investors."

About Orbite

Orbite (pronounced "Or-bit") owns 100% of the exclusive mining rights on a 6,441-hectare Grande-Vallée property, the site of an aluminous clay deposit located 32 km northeast of Murdochville, and a 28,000 sq. ft. at scale pilot facility in Cap Chat, both in the Gaspé region. The NI 43-101 and amended reports issued have identified an Indicated Resource of about 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries. www.orbitealuminae.com

Orbite is Focused on Thinking Outside the Bauxite

Regulation 43-101 and forward-looking statements

The information and the analyses contained therein do not constitute any type of feasibility study or economic assessment within the meaning of Regulation 43-101 respecting standards of disclosure for mineral projects (Québec) ("Regulation 43-101"). No preliminary feasibility study, pre-feasibility study or feasibility study pursuant to the requirements of Regulation 43-101 has been completed to date.

Certain information and statements contained herein constitute forward-looking statements. Words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements are based on information available at the time and/or Exploration Orbite's management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation's control. These risks, uncertainties and assumptions include, but are not limited to those described in the section of the Annual Information Form entitled "Risk Factors", and could cause actual events or results to differ materially from those projected in any forward-looking statements.

Readers are invited to consult the Report on the Geological Study prepared in conformity with Regulation 43-101 and the Annual Information Form of the Corporation, both amended and restated and respectively filed on August 21 and 25, 2011 and are available at www.sedar.com or on the Corporation's website at www.orbitealuminae.com. The resulting technical report in no way alters technical and mineral disclosure or conclusions provided in the initial report.

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

Contact Information

  • MEDIA
    Frederic Berard
    Vice-President
    HKDP Communications and public affairs
    514-395-0375, ext. 259

    ORBITE
    Richard Boudreault
    President
    Exploration Orbite V.S.P.A
    514-744-6264

    INVESTORS
    Louis Morin
    Investor Relations
    514-591-3988

    Jason Monaco
    Managing Partner
    First Canadian Capital Corp.
    416-742-5600