Troymet Exploration Corp.

Troymet Exploration Corp.

December 02, 2011 12:50 ET

Troymet Director Participates in Gypsy Swap

COMOX, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2011) - Troymet Exploration Corp. ("Troymet") (TSX VENTURE:TYE) announces that Dr. Kieran Downes, President & CEO and a Director of Troymet, sold through the facilities of the TSX Venture Exchange and other markets 1,000,000 Common Shares of Troymet at a price of $0.055 per share to clients of Canaccord Financial Inc. from his personal holdings. Dr. Downes will be using the funds from this sale to subscribe for Units and/or flow-through shares pursuant to the proposed non-brokered private placement of Troymet announced on November 28, 2011.

This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of certain assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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 news release.

Contact Information

  • Troymet Exploration Corp.
    Kieran Downes
    (250) 729-0453

    Troymet Exploration Corp.
    Brian Cebryk
    (250) 890-0607