SOURCE: Rae Wallace Mining Company

June 17, 2010 14:03 ET

Rae Wallace Mining Company Begins Trading on Pink Sheets

RENO NV--(Marketwire - June 17, 2010) -  Rae Wallace Mining Company (PINKSHEETS: RAEW) ("Rae Wallace") ( announces that its shares have begun public trading with a listing on the Pink Sheets under the trading symbol RAEW. Pink Sheet trading will provide Rae Wallace shareholders with liquidity as the company proceeds with financing activities and the preparation of additional disclosure documents for listing on higher tier OTC market platforms and other exchanges.

George Cole, President/CEO of Rae Wallace, who joined the company in February of this year, says, "This listing is the culmination of hard, dedicated work by Rae Wallace's management and board over the last couple of years. The company is now positioned to complete the option agreement for the acquisition of the Peruvian properties, to proceed with the initiation of our exploration program, and to obtain listing as a fully-reporting issuer on US and Canadian exchanges. Shareholders and investors should expect to see additional news releases in the coming days and weeks on these and other events and activities."

About Rae Wallace
Rae Wallace is a US based mineral resource company reorganized in 2007 and engaged in the acquisition and exploration of high quality, gold and silver deposits in Peru. Combining quality projects with a board and management team which has worldwide technical experience and a discovery track record, the company will advance its properties through the exploration cycle, adding value and, if appropriate, partner with experienced mine builders and operators to promote corporate growth and add shareholder value. The company also has the management expertise to build its own development and production teams for suitable projects. Timberline Resources Corporation (NYSE Amex: TLR) (TSX-V: TBR) is a major shareholder with board seats and expects to maintain a significant share position in the company.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Rae Wallace Mining Company which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact Information

  • For additional information, please contact:
    George Cole
    Email Contact