BURNABY, British Columbia, Oct. 05, 2017 (GLOBE NEWSWIRE) -- BC Moly Ltd. (the “Company” or “BC Moly”) announces that, in accordance with TSX Venture Exchange Policy 2.5, the Company has not maintained the requirements for a Tier 2 Company. Therefore, effective as of market open on Friday, October 6, 2017, the Company’s listing will transfer to the NEX Board of the Exchange (“NEX”), the Company’s tier classification will change from Tier 2 to NEX, and the filing and service office will change from Vancouver to the NEX.
NEX is a separate board of the TSX Venture Exchange for companies previously listed on TSX Venture Exchange or Toronto Stock Exchange which have failed to maintain compliance with the ongoing financial listings standards of those markets.
As of October 6, 2017, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from BM to BM.H. There is no change in the Company’s name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX-V.
About BC Moly Ltd.:
BC Moly Ltd. is a Canadian mineral exploration company focused on the development of its Storie Property molybdenum deposit. The Storie Property is situated about 6 km southwest of Cassiar, British Columbia. Cassiar is located 15 km (by paved road) west of Highway 37 which provides access to Watson Lake, Yukon, to the north and Dease Lake and Stewart, British Columbia, to the south.
For further information, contact Jimmy Mah at (604) 674-6415 or jmah@bcmoly.com.
On behalf of BC Moly Ltd.
“Edward Yurkowski”
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Edward Yurkowski, President and CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed “forward-looking statements”. All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward-looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.