Minera IRL Limited Minera IRL Limited Announces Delisting of Ordinary Shares From the TSX
28 Oktober 2015 - 8:00AM
UK Regulatory
TIDMMIRL
Minera IRL Limited Announces Delisting of Ordinary Shares From the TSX
FOR: MINERA IRL LIMITED
AIM, LMA SYMBOL: MIRL
TSX SYMBOL: IRL
October 28, 2015
Minera IRL Limited Announces Delisting of Ordinary Shares From the TSX
LIMA, PERU--(Marketwired - Oct. 28, 2015) - Minera IRL Limited ("Minera IRL" or the "Company")
(TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) announces that the Company has applied to the Toronto Stock Exchange ("TSX") to
delist its Ordinary Shares from the TSX.
Minera IRL listed its Ordinary Shares on the TSX on April 29, 2010 under the symbol "IRL" as an Exempt Issuer
and has been continuously listed since that date. The Company's Ordinary Shares are also listed on AIM and Lima
Stock Exchange.
On September 21, 2015 the Company announced that due to the actions undertaken by the manager of its Peruvian
operating subsidiaries, there was a temporary compromise of control of those entities. The Company is making
all efforts to regain control of those entities, but is advised that, under Peruvian law, the process will
require several months. Following this temporary compromise of control, the Company requested and received a
precautionary suspension from trading on AIM. Similar actions were taken with respect to the TSX and Lima Stock
Exchanges. The AIM suspension will remain in place until such time appropriate control over operating
subsidiaries has been re-established. The Company's admission to trading on AIM will be automatically cancelled
should the Company remain suspended for a period of six months.
In the interim, the TSX advised the Company that it was going to initiate an expedited delisting review for
failure to comply with the TSX's continued listing criteria (among them, being unable to provide proper
financial information to the market and not knowing terms and conditions of gold sales being carried out by
Corihuarmi mine), and the Board believes it is unlikely that TSX will be satisfied that the deficiencies will
be cured within the prescribed period of 30 calendar day after the suspension date.
Accordingly, the Company proposes that the delisting of the Company's Ordinary Shares shall be effective on
November 10, 2015.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained in this news release.
Cautionary Statement on Forward-Looking Information
Certain information in this news release, including information about the Company's financial or operating
performance and other statements expressing management's expectations or estimates of future events,
performance and exploration and development programs or plans constitute "forward-looking statements". Forward-
looking statements often, but not always, are identified by words such as "seek", "believe", "expect", "do not
expect", "will", "will not", "intend", "estimate", "anticipate", "plan", "schedule" and similar expressions of
a conditional or future oriented nature identify forward-looking statements. Forward-looking statements are,
necessarily, based upon a number of estimates and assumptions. While considered by management to be reasonable
in the context in which they are made, forward-looking statements are inherently subject to political, legal,
regulatory, business and economic risks and competitive uncertainties and contingencies.
The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause Minera IRL's actual financial results, future performance and results of
exploration and development programs and plans to be materially different than those expected or estimated
future results, performance or achievements and that forward-looking statements are not guarantees of future
performance, results or achievements.
Forward-looking statements are made as of the date of this news release and Minera IRL assumes no obligation,
except as may be required by law, to update or revise them to reflect new events or circumstances. Risks,
uncertainties and contingencies and other factors that might cause actual performance to differ from forward-
looking statements include, but are not limited to, any failure to obtain or complete project financing for the
Ollachea Gold Project (including the Senior Debt Facility), changes in the price of precious metals and
commodities, changes in the relative exchange rates of the US dollar against the Peruvian nuevo sol, interest
rates, legislative, political, social or economic developments both within the countries in which the Company
operates and in general, contests over title to property, the speculative nature of mineral exploration and
development, operating or technical difficulties in connection with the Company's development or exploration
programs, increasing costs as a result of inflation or scarcity of human resources and input materials or
equipment. Known and unknown risks inherent in the mining business include potential uncertainties related to
the title of mineral claims, the accuracy of mineral reserve and resource estimates, metallurgical recoveries,
capital and operating costs and the future demand for minerals. For additional information, please consult the
Company's most recently filed MD&A and Annual Information Form.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Minera IRL
Eric Olson (COO)
+1 (416) 907-7363
OR
Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Henry Fitzgerald-O'Connor
+ 44 (0)20 7523 8000
OR
Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Oliver Donaldson
+ 44 (0)20 7523 8000
OR
Buchanan (Financial PR, London)
Bobby Morse
+44 (0)20 7466 5000
Minera IRL Limited
(END) Dow Jones Newswires
October 28, 2015 03:00 ET (07:00 GMT)
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