Argex receives conditional approval to graduate to TSX
MONTREAL, Sept. 10, 2013 /CNW Telbec/ – Argex Titanium Inc. (TSXV: RGX) (“Argex”) is pleased to announce that it has received conditional approval to
graduate to the Toronto Stock Exchange (“TSX“) from the TSX Venture Exchange.
“In less than four years, Argex has advanced from a capital pool company
to an emerging producer of titanium dioxide and the company has
garnered significant attention from the industry world-wide,” Roy
Bonnell, President and Chief Executive Officer of Argex commented. “To
receive the validation of a listing on a senior exchange like the TSX
is a significant achievement for our management team and our strategic
partners. It is a testament to the quality of our project and is a
compliment to our shareholders.”
Final approval of the listing is subject to Argex meeting certain
standard requirements of the TSX. Argex expects to satisfy all of the
necessary conditions and will make a further announcement once the TSX
issues a bulletin confirming the date on which trading on the TSX will
Upon its listing on the TSX, Argex will continue to trade under the
About Argex Titanium Inc.
ARGEX Titanium Inc. is a near-term producer of Titanium Dioxide (TiO(2)). With a primary goal of advancing rapidly towards production, Argex
has adopted a simple and low-risk strategy for the scale-up of its
proprietary process that allows it to produce high-purity pigment-grade
TiO(2) directly from run-of-mine material. The closed-loop process is
environmentally friendly and produces minimal inert tailings.
Argex is pleased to have selected Valleyfield, Quebec as the location
for its Research & Development centre and first industrial-sized
production facility. The location of the site can be viewed at Argex Valleyfield.
This news release contains statements that may constitute
“forward-looking information” or “forward-looking statements” within
the meaning of applicable Canadian securities legislation.
Forward-looking information and statements may include, among others,
statements regarding the future plans, costs, objectives or performance
of Argex, or the assumptions underlying any of the foregoing. In this
news release, words such as “may”, “would”, “could”, “will”, “likely”,
“believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and
similar words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should not be
read as guarantees of future performance or results, and will not
necessarily be accurate indications of whether, or the times at or by
which, such future performance will be achieved. No assurance can be
given that any events anticipated by the forward-looking information
will transpire or occur, or if any of them do so, what benefits Argex
will derive. Forward-looking statements and information are based on
information available at the time and/or management’s good-faith belief
with respect to future events and are subject to known or unknown
risks, uncertainties, assumptions and other unpredictable factors, many
of which are beyond Argex’s control. These risks, uncertainties and
assumptions include, but are not limited to, those described under
“Risk Factors” in Argex’s Annual Information Form for the fiscal year
ended December 31, 2012, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from
those projected in any forward-looking statements. Argex does not
intend, nor does Argex undertake any obligation, to update or revise
any forward-looking information or statements contained in this news
release to reflect subsequent information, events or circumstances or
otherwise, except if required by applicable 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 release.
SOURCE Argex Titanium Inc.