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Forsys Trading Update TORONTO, ONTARIO, Jun 11, 2010 (MARKETWIRE via COMTEX News Network) -- At the request of Market Surveillance, on behalf of the Toronto Stock Exchange, Forsys Metals Corp ("Forsys" or the "Company") (TSX: FSY)(FRANKFURT: F2T)(NSX: FSY) wishes to issue a statement that the Company is not aware of any material undisclosed development that would cause recent movements in the Company's share price. The Company confirms that, further to its press release on March 9, 2010, it is continuing to work with its financial advisors Morgan Stanley & Co. Limited ("Morgan Stanley") to review strategic options for the development of the Valencia uranium project. An update will be provided on this process at the end of June or earlier as may be necessary. About Forsys Metals Corp Forsys Metals Corp, having BEE sponsorship, is an emerging uranium producer with 100% ownership in the fully permitted Valencia uranium project. With an expanding reserve base, the Company is currently in the process of working with its financial advisors Morgan Stanley to review strategic options for the development of the Valencia uranium project. Current NI 43-101 compliant reserves at Valencia are 60.5 Mlbs U308 supporting a 17 year mine life and current Measured and Indicated resources are 75.5 Mlbs U308 with a further 8.4 Mlbs Inferred U308. The Company also has an extensive portfolio of uranium exploration projects totaling over 252,000 ha located in Namibia, Africa, a politically stable and mining friendly jurisdiction. On Behalf of the Board of Directors of Forsys Metals Corp Marcel Hilmer, CEO For further information visit our website at www.forsysmetals.com. Sedar Profile #00008536 Forward-Looking Information This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause Forsys actual results to differ materially from those expressed or implied by such forward looking statements: fluctuations in uranium prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; recovery rates, production estimates and estimated economic return; general market conditions; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full description of these risks can be found in Forsys various statutory reports including the Annual Information Form available on the SEDAR website at www.sedar.com. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward looking information should circumstances or management's estimates or opinions change. Shares Outstanding: 79,350,231 The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Contacts: Forsys Metals Corp Marcel Hilmer Chief Executive Officer +61 417 177 942 mhilmer@forsysmetals.com Forsys Metals Corp Craig Bamford Chief Financial Officer (905) 844 4646 Ext 238 cbamford@forsysmetals.com www.forsysmetals.com |
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| aus der Diskussion: | Forsys Metals: RT-Kurse und RT-Kommentare |
| Autor (Datum des Eintrages): | Jonas1988 (11.06.10 14:59:18) |
| Beitrag: | 99,130 von 109,163 (ID:39669807) |
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