|By Marketwired .||
|February 5, 2014 07:45 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/05/14 -- RB Energy Inc. ("RB Energy") (TSX:RBI)(OTCQX:CLQMD) is pleased to announce that effective at market opening today, RB Energy's common shares will commence trading on the Toronto Stock Exchange (the "TSX") under the new trading symbol of "RBI".
The RB Energy common shares will trade under CUSIP #74932L101 and ISIN #CA74932L1013. The new trading symbol for RB Energy's common shares on the OTCQX Marketplace ("OTCQX") is "CLQMD" and is effective as of today. An application has been made to the Financial Industry Regulatory Authority ("FINRA") to reserve the OTCQX symbol "RBEIF". Subject to FINRA approval and the availability of the "RBEIF" trading symbol, RB Energy's common shares are expected to begin trading on the OTCQX under the new trading symbol of "RBEIF" on or about March 7, 2014.
Yesterday, RB Energy hosted a conference call to review the previously announced arrangement (the "Arrangement") involving Sirocco Mining Inc. ("Sirocco") and Canada Lithium Corp. ("Canada Lithium") and to discuss current operations and expectations of RB Energy going forward. A replay of the conference call will be available until February 12, 2014 by dialing either 905-694-9451 (From Canada & the U.S.) or 800-408-3053 (Internationally) and entering passcode "3210496".
The Sirocco common shares will be de-listed from the TSX and applications will be made for Sirocco to cease to be a reporting issuer in the applicable jurisdictions. Registered shareholders of both Sirocco and Canada Lithium are encouraged to send their completed and executed letters of transmittal, and applicable share certificates, to Equity Financial Trust Company as soon as possible.
Further details regarding the Arrangement and RB Energy are available under RB Energy's profile on SEDAR at www.sedar.com.
About RB Energy
RB Energy Inc. is a Canadian company formed pursuant to the arrangement involving Sirocco Mining Inc. and Canada Lithium Corp. It currently owns Aguas Blancas, an iodine producing mine in northern Chile, and the Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. The Aguas Blancas mine is currently in production. The Quebec Lithium Project has completed construction and is in the commissioning phase of an open-pit mine and on-site processing plant. For more information regarding RB Energy, please refer to its public filings available at www.sedar.com.
Certain information contained in this news release, including any information relating to the benefits of the Arrangement, trading of the RB Energy common shares on the TSX and OTCQX, RB Energy's expectations and RB Energy's plans for its properties are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect RB Energy's expectations regarding the Arrangement, and the future growth, results of operations, business prospects and opportunities of RB Energy. These forward-looking statements also reflect RB Energy's current internal projections, expectations or beliefs and are based on information currently available to RB Energy. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RB Energy underlying the forward-looking statements in this news release which may prove to be incorrect include, but are not limited to, the various assumptions set forth in the Sirocco and Canada Lithium December 24, 2013 management information circulars. Assumptions upon which such forward looking information regarding the Arrangement and the transactions related thereto also include the assessment of RB Energy's management of the effects of the Arrangement and the transactions related thereto on the business of RB Energy, the trading of RB Energy common shares on the TSX and OTCQX, the accuracy of RB Energy's mineral reserve and mineral resource estimates and the viability, expansion and development of RB Energy's material mineral project sites as well as financial predictions premised on such assumptions. Although RB Energy believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RB Energy expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
RB Energy Inc.