TORONTO, ONTARIO--(Marketwired - Feb. 18, 2014) - QMX GOLD CORPORATION (TSX:QMX) ("QMX Gold" or the "Company") announces that its common shares (the "Shares") have been approved for listing on the TSX Venture Exchange. The Shares will be delisted from the Toronto Stock Exchange at the close of business on Wednesday, February 19, 2014 and commence trading on the TSX Venture Exchange at the open of business on Thursday, February 20, 2014 under the ticker symbol QMX.
"We are pleased to have been able to transition trading of our shares to the TSX Venture Exchange without interruption of trading for shareholders," commented Brett New, President and Chief Executive Officer of the Company.
In accordance with TSX Venture Exchange policy, the Company also announces that in December 2013, it paid the $211,076.71 interest payable to existing holders of the Company's $4.2 million convertible unsecured subordinated debentures through the issuance of 5,782,924 common shares. Pursuant to the terms of the debenture agreement, the common shares were priced at $0.0365, as based on 90% of the average closing price of the common shares for a period of 20 consecutive trading days ending five trading days before the payment due date, which was October 30, 2013.
Cautionary Note Regarding Forward-Looking Information:
This press release contains or may be deemed to contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements (express or implied) relating to the listing of the Company's securities and/or the future financial or operating performance of QMX Gold, its properties and/or its projects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "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". Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company, which is available under the profile of the Company on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. It should also be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability.
Neither 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.