Strachan Resources Ltd.
TSX VENTURE : SCN.P

May 27, 2013 18:31 ET

Strachan Announces Transfer to NEX and Cancellation of Escrow Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2013) - Strachan Resources Ltd. (TSX VENTURE:SCN.P) ("Strachan" or the "Company"), announces that as it had not been able to complete its Qualifying Transaction with respect to the Chu Chua mineral property in the time frame required by the TSX Venture Exchange (the "Exchange"), it will now be transferring its listing to the NEX Board of the Exchange. The transfer to NEX is effective May 28, 2013 where the Company will remain suspended under the symbol "SCN.H". The Company plans to apply for reinstatement of trading of its common shares on NEX.

The Company held its annual and special meeting of shareholders on March 21, 2013, at which, pursuant to the CPC Policy, it received approval to transfer its listing to NEX and to cancel 1,000,001 escrow seed shares held by certain non-arm's length parties. The proposed Qualifying Transaction with respect to the Chu Chua mineral property has now been terminated as announced on May 17, 2013 and the said 1,000,001 escrow shares cancelled.

ON BEHALF OF THE BOARD

STRACHAN RESOURCES LTD.

Steve Mathiesen, President

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.

Contact Information

  • Strachan Resources Ltd.
    Steve Mathiesen
    President
    (604) 687-1550