St. Elias Mines downgraded to the NEX

2015-02-02 17:41 ET - Symbol Change

In accordance with TSX Venture Exchange Policy 2.5, St. Elias Mines Ltd. has not maintained the requirements for a Tier 2 company. Therefore, effective at the opening on Tuesday, Feb. 3, 2015, the company's listing will transfer to the NEX, the company's tier classification will change from Tier 2 to the NEX, and the filing and service office will change from Vancouver to the NEX.

As of Feb. 3, 2015, the company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.

The trading symbol for the company will change from SLI to SLI.H. There is no change in the company's name, no change in its Cusip number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX-V.

Further to the exchange bulletin dated July 10, 2014, trading in the shares of the company will remain suspended. Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice.

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