August 25, 2011 - Transition Metals Corp. (XTM – TSX.V) -(“Transition Metals”, “the Company”) is pleased to announce that it has commenced trading on the TSX Venture Exchange under the trading symbol XTM-V
Transition Metals announces that effective August 26, 2011, the common shares of the Company will commence trading on the TSX Venture Exchange (the "Exchange") under the trading symbol XTM. The Company will be listed as a Tier 2 Mining Issuer. Concurrent with this milestone the board of directors has approved the issuance of 505,000 options to purchase shares of the company at the unit issue price of $0.35 to management and directors of the Company pursuant to the terms and conditions of the company’s stock option plan and approval by the Exchange.
"We are pleased to be entering the next phase of development for the company. We look forward to adding value for our shareholders through the application good technical work, sound judgement, and a focus on quality projects.” commented the President and CEO of the Company, Scott McLean.
The Company expects to provide an update on exploration activities and plans over the coming days.
About Transition Metals
Transition Metals is a mining exploration Company focused on the identification, exploration and development of new gold opportunities in established and emerging gold districts in Canada. The Company currently owns or controls an interest in five early stage gold exploration properties in Ontario and British Columbia. The Company is committed to building shareholder value through the identification and development of new low cost, high quality exploration projects while minimizing shareholder dilution through funding partnerships and revenue generating opportunities.
Cautionary Note on Forward-Looking Information
The information in this press release contains “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption there from. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed the contents of this news release and neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Further information contact:
Scott McLean
President and CEO
Transition Metals Corp.
705-669-0590
info@transitionmetalscorp.com
The Equicom Group Inc.
Patrick Piette
Mining Group
(416) 815-0700 – extension 267
www.equicomgroup.com