Baja Mining Reports TSX Venture Exchange Listing Approved and Extension to MMB Standstill Agreement With Lenders
12 Marzo 2014 - 4:50PM
Marketwired
Baja Mining Reports TSX Venture Exchange Listing Approved and
Extension to MMB Standstill Agreement With Lenders
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 12, 2014) - Baja
Mining Corp. (the "Company" or "Baja") (TSX:BAJ)(OTCQB:BAJFF) is
pleased to announce that its common shares (the "Shares") have been
approved for listing on the TSX Venture Exchange. The Shares will
be delisted from the Toronto Stock Exchange at the close of
business on Friday, March 14, 2014 and commence trading on the TSX
Venture Exchange at the open of business on Monday, March 17, 2014
under the symbol BAJ.
"We are pleased to have been able to transition trading of our
shares to the TSX Venture Exchange without interruption of trading
for shareholders," commented Tom Ogryzlo, Interim CEO of the
Company.
In addition, Baja announces that it has been informed by Minera
y Metalúrgica del Boleo, S.A.P.I. de C.V. ("MMB") that a standstill
agreement extension with the 2010 Project Financing lenders has
been executed covering the period until the earlier of the
execution of a formal debt restructuring agreement, and April 30,
2014. MMB has further advised that MMB and Korea Resources
Corporation have discussed debt restructuring proposals with the
lenders.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This
news 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 news 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
CEO604-685-2323info@bajamining.com
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