Aquila to Commence Trading on OTCQX
TORONTO, ONTARIO -- (Marketwire) -- 06/06/11 -- AQUILA RESOURCES INC. (TSX: AQA)(OTCQX: AQARF)(FRANKFURT: JM4A)('Aquila' or the 'Company'), is pleased to announce that it will commence trading on the OTC Market's highest tier, OTCQX under the ticker symbol 'AQARF' on June 6, 2011. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on http://www.otcqx.com/ and http://www.otcmarkets.com/.
'As a company with its principal assets in the U.S. we are pleased to be launching on the OTCQX and believe this will benefit the Company by allowing U.S. investors to trade Aquila shares in the United States enabling greater liquidity and an increase in our U.S. shareholder base,' said Tom Quigley, Aquila's president and CEO. Berenbaum Weinshienk, PC of Denver, Colorado, will serve as Aquila's Principal American Liaison ('PAL') on the OTCQX, and will be responsible for providing guidance on OTCQX requirements.
About Aquila Resources Inc.
Aquila Resources Inc. is a mineral exploration and development company focused on the discovery and advancement of high-grade base and precious metal projects in North America. The company is rapidly expanding its presence in North America and moving towards an interest in production on its flagship Back Forty Project, through a joint venture with HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM) ('HudBay'). The Company has positioned itself for growth by acquiring new properties under an Exploration Alliance with HudBay as well as by the acquisition of gold exploration properties.
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. Our OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies 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) - so investors can 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.
Thomas O. Quigley is the Qualified Person for Aquila as described in National Instrument 43-101 responsible for contents of this release.
More information about Aquila and the Back Forty Project, including updated drilling information, can be found on the Company's website at www.aquilaresources.com.
This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Shares Outstanding: 85,194,850
Contacts:
Aquila Resources Inc. (Toronto)
Robin Dunbar
CFO
416-203-1404
rdunbar@aquilaresources.com
Aquila Resources Inc. (U.S.)
Thomas O. Quigley
President
906-753-9602
tquigley@aquilaresources.com
www.aquilaresources.com