Tirex Resources Engages Dorsey & Whitney LLP To File For Quotation On The OTCQX
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/08/11 -- Tirex Resources Ltd. (TSX VENTURE: TXX) -
-- quotation additional to current Tirex listings in Canada and Germany
-- aim to significantly broaden and enhance access and exposure within
United States
Tirex Resources Ltd. is pleased to announce it has retained the services of the legal firm Dorsey & Whitney LLP to pursue a quotation on the OTCQX International. The OTCQX is the premier tier of the U.S. Over-the-Counter (OTC) marketplace, providing a U.S. quotation opportunity to significantly broaden and enhance its access and exposure within the U.S. market.
Bryan Slusarchuk, Tirex Chief Executive Officer, states, 'There is significant interest in Tirex from the United States and we believe pursuing this quotation is complementary to our current listings which are in both Canada and Germany.'
The OTCQX trading platform has earned an exemplary reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker dealers. It is also recognized within the industry for maintaining rigid quotation standards for companies that trade on its exchange.
Subject to approval, Tirex Resources' quotation on the OTCQX is expected to be completed within the next few weeks.
Further details on Tirex Resources Ltd. and the Mirdita Project can be found on the Tirex website at www.TirexResources.com.
ON BEHALF OF TIREX RESOURCES LTD.
Bryan J.R. Slusarchuk, Chief Executive Officer
Forward-Looking Statements. This Tirex News Release may contain certain 'forward-looking' statements and information relating to Tirex. Such statements include but are not limited to statements about the benefits of being quoted on the OTCX, the improved liquidity of the Company's shares if traded on the OTCQX and the possibility that the Company will be accepted for quotation on the OTCQX. Although forward-looking statements and information contained in this release are based on the beliefs of Tirex management, which we consider to be reasonable, as well as assumptions made by and information currently available to Tirex management, there is no assurance that the forward-looking statement or information will prove to be accurate. The forward-looking statements and information contained in this release are subject to current risks, uncertainties and assumptions related to certain factors including, without limitations, the decrease in the reputation of the OTCQX, the possibility the Company will not be quoted on the OTCQX or that the Company will not realize all of the projected benefits of the quotation on the OTCQX and other factors discussed in our quarterly and annual and interim management's discussion and analysis. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements and information may vary materially from those described herein. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. We undertake no obligation to update forward-looking statements or information except as required by law.
'Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.'
Contacts:
Tirex Resources Ltd.
Bryan J.R. Slusarchuk
Chief Executive Officer
604-687-7160 or Toll Free: 1-877-687-7160
604-608-9110 (FAX)
info@TirexResources.com
www.TirexResources.com
