VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 20, 2011) - Crazy Horse Resources Inc. (TSX VENTURE:CZH)(OTCQX:CRZHF) (the "Company") is pleased to announce that shares of its common stock will commence trading on the OTCQX International Marketplace ("OTCQX"), at market open today, July 20, 2011, under the symbol "CRZHF".
The Company has retained Ellenoff Grossman & Schole LLP ("EGS") to serve as the Company's Principal American Liaison ("PAL") on the OTCQX, responsible for providing guidance on OTCQX requirements.
"We believe joining OTCQX, a premium market tier with strong standards, will allows us to provide our current and new U.S. investors with superior information disclosure through this advanced trading platform," stated Johan Raadsma, President and CEO of the Company. "We are also delighted to have EGS as our PAL, a firm with a strong U.S. presence and ability to support our OTCQX membership."
Barry Grossman, Partner at EGS, commented: "We are pleased to have assisted Crazy Horse Resources Inc. with the launching of its trading on the OTCQX and look forward to extending our relationship with the Company by becoming their PAL."
Investors will be able to find current financial disclosure, real-time Level 2 quotes for the Company's shares, and further information on the OTCQX by visiting the following websites: www.otcqx.com and www.otcmarkets.com.
The Company's shares will remain listed and continue to trade on the TSXV in Canada under the symbol "CZH".
About Crazy Horse Resources Inc.
Crazy Horse Resources Inc. (TSX VENTURE:CZH)(OTCQX:CRZHF) (http://www.otcmarkets.com/stock/CRZHF/quote) trades in the United States on OTCQX under the symbol "CRZHF" and in Canada on the TSX Venture Exchange under the symbol "CZH". Crazy Horse Resources Inc. is a Tier 1 mining issuer listed on the TSX Venture Exchange. The Company's focus is on its Taysan Project. The Taysan Project contains a copper-gold porphyry deposit with an inferred resource, and is comprised of two mining exploration permits and three mining exploration permit applications (permits: EP-IVA-005 and EP-IVA-016, and permit applications: EPA-IVI-108, EPA-IVI-111 and EPA-IVA-081) over five contiguous claim blocks covering a combined total area of 11,254 hectares. The Taysan Project hosts a large and only partly explored copper-gold porphyry deposit similar to other copper-gold porphyry deposits previously mined in the Philippines. The Taysan Project is located in southern Luzon, Philippines in a well-developed mining province and readily accessible by road located 20km east of the provincial capital and deep water commercial port of Batangas City. The Company is currently conducting a feasibility study under the management of AMECMinproc Limited, which remains on track and on schedule.
A National Instrument 43-101 compliant technical report by Mining Associates dated effective March 11, 2011 and entitled "Mineral Resource Estimate and Preliminary Economic Assessment Taysan Project" can be viewed under the Company's profile on SEDAR (www.sedar.com).
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter (OTC) market. Investor-focused companies use the quality controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcmarkets.com.
This press release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. The Company does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements. Readers should review the Company's prospectus dated May 6, 2010 for a list of risks associated with the Company, and its business.
ON BEHALF OF THE BOARD
Johan Raadsma, President, CEO and Secretary
This press release includes "forward-looking statements" including statements relating to completion of the proposed Offering and use of the offering proceeds, that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. There is no assurance that the Company will be successful in raising any or all of the private placement, or that the terms thereof will not materially change prior to closing. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable 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 release.
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