Sunset Cove Mining Obtains Secondary Listing On The Lima Stock Exchange
TORONTO, Aug. 29, 2011 /CNW Telbec/ - (TSXV: SSM): Mr. Lorne Woods, President of Sunset Cove Mining is pleased to announce that its common shares have been listed for trading on the Bolsa de Valores de Lima ("BVL"). Trading will be conducted under the ticker symbol 'SSM' which is the same symbol as the TSX Venture Exchange. Kallpa Securities S.A.B. in Lima, Peru acted as the Sunset's sponsoring broker for the listing.
"The opportunity to have a second listing was one that we think will add to the liquidity of trading in our shares," said Lorne Woods, President and CEO of Sunset Cove, "We are very pleased to have obtained this important listing during such a dynamic period of growth in the Peruvian economy. Our BVL listing will provide local private and institutional investors with access to a junior exploration company which is developing a portfolio of precious and base metal properties in Canada."
The history of the BVL dates from December 31, 1860 and today it is one of the most important mining markets in South America. A new initiative by the BVL to join markets with the stock exchanges of Chile and Colombia is aimed to create the third largest stock exchange in Latin America with a combined capitalization of nearly US$500 billion, which will add excellent exposure to investors from many countries for companies listed on the BVL. Additional information about the BVL may be found in Spanish at www.bvl.com.pe. "
About Sunset Cove
Sunset Cove Mining Inc., is a dynamic Canadian junior mineral exploration and development company dedicated to driving shareholder value through the economical acquisition, exploration and development of precious metals and copper properties in proven Latin American locations to the point where they become attractive joint venture or acquisition targets. Sunset Cove is in Peru now, because now is the time to be in Peru, and has a wholly owned Peruvian subsidiary, Minera Sunset Del Peru S.A.C based in Lima, and is building a Peruvian mining portfolio in precious metals and copper, with two properties under contract.
Forward-Looking Statements: GSome of the statements contained herein may be forward-looking statements that involve known and unknown risks and uncertainties. Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, and the uncertainty of access to additional capital. Sunset Cove disclaims any obligation to update any such forward-looking statements.
GSEDAR: 00026880E
For further information:
Lorne Woods, PresidentG, Sunset Cove MiningG(8GG) 234-0692; ext 250G lwoodsGsunsetcovemining.com G www.sunsetcovemining.com
CO: SUNSET COVE MINING INC.
CNW 23:43e 29-AUG-11