FRANKFURT, Germany, March 8, 2011 (GLOBE NEWSWIRE) -- Since its inception in November 2010, Nazca Mining Ltd (Nazca), a Canadian corporation, has steadily worked on obtaining the capital requirements and the assets to meet the new standards of the Frankfurt Stock Exchange (FSE). Scott Francis, President, comments, "We have the mineral concessions in Peru and are having them reviewed by our auditors. Having spoken to our listing agent, we expect to be able to meet the listing requirements, especially the maintenance of 500,000 Euros in capital, by around May of this year."
The FSE offers a unique opportunity to fund operations in Peru and that the Company intends to find any and all ways to raise capital to secure its mining concessions. Mr. Francis continues, "Our equity consultants have advised us that the FSE gives the equity market that matches our needs to engage our operations in Peru. We are not worried about the changes in the FSE requirements, as we estimate our mining concessions will potentially provide more than enough to list on the exchange."
To see more, please visit our website at: www.nazcamining.com.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.