| Strateco to Change Trading Platform; Continues With its Cost Reduction Program | |
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BOUCHERVILLE, QUEBEC--(Marketwired - Mar 19, 2015) - Strateco Resources Inc. ("Strateco") (RSC.TO)(RF9.F) announced today that it has informed the Toronto Stock Exchange ("TSX") of its intention to delist from that trading platform. Strateco no longer meets TSX requirements for exploration companies as it no longer has any exploration projects and will henceforth focus on the $190 million lawsuit against the Quebec government for the loss of its investment in the Matoush uranium project. Strateco has initiated the process of listing on another trading platform; the Company's root trading symbol ("RSC") should remain the same. Strateco is continuing with the cost reduction program it introduced almost a year ago following the Quebec government's refusal to grant the final permit required to start the advance exploration phase of the Matoush project. Strateco is acting in the best interest of its shareholders, and will keep them abreast of developments. This news release contains "forward-looking statements" subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. These risks and uncertainties are discussed in Strateco's annual information form filed with the securities commissions of British Colombia, Alberta, Ontario and Quebec.
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Strateco Resources Inc.
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EXPLORATION STAGE |
CODE : RSC.TO |
ISIN : CA86269M1068 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Strateco Res. is a copper and lead exploration company based in Canada. Strateco Res. holds various exploration projects in Canada. Its main exploration properties are QUENONISCA, MISTASSINI, MONT-LAURIER, ECLAT, PACIFIC BAY, MATOUSH and APPLE in Canada. Strateco Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 10.5 millions as of today (US$ 8.6 millions, € 7.6 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.00, and its lowest recent point on October 31, 2014 at CA$ 0.02. Strateco Res. has 234 170 000 shares outstanding. |