SPOKANE VALLEY, WASHINGTON--(Marketwire - May 4, 2011) - Revett Minerals Inc. (News - Market indicators) (OTCBB:RVMID) ("Revett" or the "Company") has been authorized to list its common shares on the NYSE Amex. The Company expects the shares to begin trading on the NYSE Amex on Monday May 9th, 2011, under the trading symbol "RVM". The Company will retain its current listing on the Toronto Stock Exchange under the trading symbol RVM:TSX.
We are pleased to welcome Revett Minerals to the NYSE Euronext family of listed companies," said Scott Cutler, EVP and Co-Head of U.S. Listings and Cash Execution, NYSE Euronext. "Revett Minerals and its shareholders will benefit from the superior market quality, services and technology provided by NYSE Amex. We look forward to a great partnership."
John Shanahan, President and Chief Executive Officer stated "This is the culmination and fitting recognition of many years of hard work to get Revett to where it is today. As a US based producer of silver and copper, and with the potential of becoming one of the largest silver producers in North America, it is appropriate that we are listed on the NYSE Amex with full exposure to the US capital markets".
About Revett
Revett, through its subsidiaries, owns and operates the currently producing Troy Mine in Lincoln County, Montana and development-stage Rock Creek Project located in Sanders County, Montana, USA. The proven reserves at the Troy Mine and significant resources at the Rock Creek project forms the basis of our plan to become a solid mid-tier base and precious metals producer. Revett plans on expanding production through exploration in and around its current properties, as well as through targeted business combinations of advanced stage projects.
John Shanahan, President & CEO
Except for the statements of historical fact contained herein, the information presented in this press release may contain "forward-looking statements" within the meaning of applicable Canadian securities legislation and The Private Securities Litigation Reform Act of 1995. Generally, these forward looking statements can be identified by the use of forward-looking terminology such as "expects", or "does not expect", "is expected", "is not expected", "budget", "plans", "schedule", "estimates", "forecasts", "intends", "anticipates", "or does not anticipate" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will", "occur" or "be achieved". Forward-looking statements contained in this press release include but are not limited to statements with respect to, the Company's anticipated listing on the NYSE Amex and our potential to become one of the largest silver producers in North America. Actual results and developments could be affected by the Company's ability to obtain all necessary permits, approvals and financing to develop the Rock Creek project, which is not assured. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Revett does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
