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Mon, September 14, 2009Fri, September 11, 2009Thu, September 10, 2009Wed, September 9, 2009Tue, September 8, 2009Sun, September 6, 2009Fri, September 4, 2009Thu, September 3, 2009Wed, September 2, 2009Tue, September 1, 2009Mon, August 31, 2009Sun, August 30, 2009Fri, August 28, 2009Thu, August 27, 2009Wed, August 26, 2009Tue, August 25, 2009Mon, August 24, 2009Sun, August 23, 2009Fri, August 21, 2009Thu, August 20, 2009Wed, August 19, 2009Tue, August 18, 2009Mon, August 17, 2009Fri, August 14, 2009Thu, August 13, 2009Wed, August 12, 2009Tue, August 11, 2009Mon, August 10, 2009Thu, August 6, 2009Wed, August 5, 2009Tue, August 4, 2009Mon, August 3, 2009Sun, August 2, 2009Fri, July 31, 2009Thu, July 30, 2009Wed, July 29, 2009Duncan Park Holdings Corporation: Duncan Park Holdings Corporation to Transfer to NEX Board of TSX Venture Exchange
Published in Stocks and Investing on Tuesday, August 18th 2009 at 11:52 GMT, Last Modified on 2009-08-18 11:52:27 by Market Wire
TORONTO, ONTARIO--(Marketwire - Aug. 18, 2009) - Duncan Park Holdings Corporation (TSX VENTURE:DPH) ("Duncan Park" or the "Company") announces that it has received notice from the TSX Venture Exchange ("TSXV") that its stock exchange listing will be transferred from the TSXV to the NEX board of the TSXV, effective the opening of trading on August 19, 2009. The Company's common shares will trade under the symbol; "DPH.H".
The transfer to NEX is a result of Duncan Park's current inability to meet the TSXV's Tier 2 Tier Maintenance Requirements following the previously announced termination of the leases on its US subsidiary's two former properties in northern Nevada known as the "Elephant Project" and the "Rock Creek/South Silver Cloud" project.
NEX is a separate board of the TSXV for companies previously listed on TSXV or Toronto Stock Exchange which have failed to maintain compliance with the ongoing financial listing standards of those markets. NEX has been designed to provide a forum for the trading of publicly listed shell companies while they seek and undertake transactions in furtherance of their reactivation as companies which will carry on an active business.
The Company's Board of Directors intends to continue explore possible opportunities aimed at creating new shareholder value for Duncan Park shareholders. The Company had been close to finalizing Letters of Intent for two such possible transactions in the last 60 days, but both failed to come to fruition as their deadlines approached. At the present time, it is not possible to predict the timing of this process and there is no certainty that the process will be successful.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to Duncan Park's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "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 be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Duncan Park to be materially different from those expressed or implied by such forward-looking information, including risks such as the company's ability to identify and secure alternative business opportunities, obtain necessary financing and requisite regulatory and other approvals as well as risks associated with the exploration, development and mining industry such as the availability of financing, economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of exploration activities, government regulation, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with exploration and development activities, availability of skilled labour and equipment, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Duncan Park's management's discussion and analysis for the year ended November 30, 2008, available on [ www.sedar.com ]. Although Duncan Park has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Duncan Park does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
