|By Marketwired .||
|July 30, 2014 05:54 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/14 -- Galena International Resources (TSX VENTURE:GTO) (the "Company") reports that the Company received notice from the TSX Venture Exchange that the Company had a Tier 2 continued listing requirements deficiency in relation to its assets and operations for a company classified as a mining issuer.
The company has been actively searching for opportunities and has been engaged in discussions with interested parties to create a value-enhancing transaction. An agreement had not been reached by the Exchange's deadline. As a result, its listing has been transferred to NEX. Effective as of the market opening on July 31, 2014 the Company's shares will trade under the trading symbol GTO.H.
The Company will continue to review projects in the resource sector and remains committed to concluding a transaction in the best interest of its shareholders, at which time the company will apply for relisting on the TSX-V.
GALENA INTERNATIONAL RESOURCES LTD.
Randy Turner, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
Galena International Resources Ltd. - Investor Relations