TSX-V
SVL OTCQX: STVZF
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For Immediate Release
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VANCOUVER, B.C. October 7, 2011 � SilverCrest
Mines Inc. (the �Company�) is pleased to announce the Company�s shares
commenced trading today on the OTC market�s prestigious tier, OTCQX
International, under the trading symbol: STVZF. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
J. Scott Drever, President of SilverCrest
stated; �We are pleased to begin trading on the OTCQX as it gives our
current and potential shareholders another regulated platform from which
they can conveniently trade our common shares. From the Company�s
perspective, it provides added exposure to an expanded US market of
precious metals investors.�
�The superior information and visibility of the OTCQX marketplace allows
companies to efficiently build investor confidence and expand their
shareholder base,�said R. Cromwell Coulson,
President and Chief Executive Officer of OTC Markets Group.�We
are pleased to welcome SilverCrest Mines to
OTCQX.�
Dorsey & Whitney LLP will serve as SilverCrest
Mines� Principal American Liaison (�PAL�) on OTCQX, responsible for
providing guidance on OTCQX requirements.
SilverCrest Mines Inc. (OTCQX:
STVZF; TSX.V: SVL) trades in the United States on OTCQX under the symbol
�STVZF�, and in Canada on TSX Venture under the symbol �SVL�. SilverCrest Mines Inc. is a Mexican precious metals
producer headquartered in Vancouver, BC. SilverCrest's
flagship property is the 100%-owned Santa Elena Mine, which is located
150km northeast of Hermosillo, in the State of Sonora, Mexico. The mine is
a high-grade, epithermal gold and silver producer, with an estimated life
of mine cash cost of US$8 per ounce of silver equivalent. SilverCrest anticipates that the current 2,500 tonnes per day facility will produce approximately
4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year
life of the open pit phase of the Santa Elena Mine. The Company also has
two additional exploration properties, the Cruz de Mayo, in Sonora, Mexico
and La Joya in Durango, Mexico.
(Please view our web site at www.silvercrestmines.com for
additional corporate and project information.)
About OTC Markets
Group Inc.
OTC Markets Group Inc.(OTCQX:
OTCM) operates the world's largest electronic marketplace for
broker-dealers to trade unlisted stocks. The OTC Link�
platform supports an open network of competing broker-dealers that provide
investors with the best prices in over 10,000 OTC securities.
OTC-traded companies are categorized into three tiers - OTCQX (the
quality-controlled marketplace for investor friendly companies), OTCQB�
(the U.S. reporting company marketplace for development stage companies),
and OTC Pink� (the speculative trading marketplace) enabling
investors to identify the level and quality of information companies
provide. To learn more about how OTC Markets Group makes the unlisted
markets more transparent, informed, and efficient, visit www.otcmarkets.com.
This news release
contains forward-looking statements, which address future events and
conditions, which are subject to various risks and uncertainties. The
Company�s actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a
result of numerous factors, some of which may be beyond the Company�s
control. These factors include: the availability of funds; the timing
and content of work programs; results of exploration activities and
development of mineral properties, the interpretation of drilling results and
other geological data, the uncertainties of resource and reserve
estimations, receipt and security of mineral property titles; project cost
overruns or unanticipated costs and expenses, fluctuations in metal prices;
currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of
the Company�s management on the date the statements are made. The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as
such, undue reliance should not be placed on forward-looking statements.
�J. Scott Drever�
J. Scott Drever, President
For further information, please contact:
Fred Cooper
570 Granville Street, Suite 501
Vancouver, BC V6C 3P1
Neither 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.
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