Baja Mining Provides Update on TSX Listing and Cinto Colorado Project
February 14 2014 - 3:39PM
Marketwired
Baja Mining Provides Update on TSX Listing and Cinto Colorado
Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 14, 2014) - Baja
Mining Corp. (TSX:BAJ)(OTCQB:BAJFF) (the "Company") announces that
it has notified the Toronto Stock Exchange (the "TSX") that it will
voluntarily delist the Company's securities from trading on the TSX
and that it has applied to the TSX Venture Exchange (the "TSXV") to
obtain a Tier 2 listing. The Company's goal is to work with the TSX
and the TSXV to coordinate the transition of the Company's listing
between the two exchanges and to ensure that trading in its
securities will continue uninterrupted. The TSXV's consideration of
the Company's listing application is in progress, and the Company
will provide an update on the status of its application upon
completion of the TSXV's review.
In addition, the Company wishes to provide an update on the
Cinto Colorado project. In view of continuing legal due diligence
pertaining to title, licenses and environmental issues, the Company
has reached agreement to extend the term of the Cinto Colorado
option agreement. The parties have agreed to extend the
pre-feasibility study delivery deadline to the earlier of i) six
(6) months following the date on which the legal due diligence is
completed to the satisfaction of the Company, or ii) November 25,
2014. In addition, certain terms have been included in the option
agreement to accommodate pre-existing arrangements between the sole
shareholder of Cinto Colorado and a partner, Prochorus Resources
Ltd.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This
press release contains forward-looking statements or
forward-looking information (forward-looking statements). These
statements can be identified by expressions of belief, expectation
or intention, as well as those statements that are not historical
fact. Forward-looking statements involve a number of risks,
uncertainties and assumptions that could cause actual results or
events to differ materially from those expressed or implied by the
forward-looking statements. Forward-looking statements contained in
this press release are based on our current estimates, expectations
and projections, which the Company believes are reasonable as of
the current date. Actual results could differ materially from those
anticipated or implied in the forward-looking statements and as a
result undue reliance should not be placed on forward-looking
information. Additional risks and uncertainties can be found in the
Company's reporting documents filed on SEDAR (www.sedar.com),
including its Management Discussion and Analysis and Annual
Information Form. Forward-looking statements are given only as at
the date of this press release and the Company disclaims any
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
Baja Mining Corp.Tom OgryzloInterim
CEO604-685-2323604-629-5228info@bajamining.comwww.bajamining.com
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