Sterling Mining Company Announces Intention to Delist From the Toronto Stock Exchangeadmin
Sterling Mining Company’s board of directors has submitted a written request to the Toronto Stock Exchange to voluntarily delist its common shares from TSX.
After careful consideration of the Company’s business needs, Sterling’s board of directors has unanimously decided to voluntarily delist its shares from the TSX. Sterling Mining Company’s Common shares (Toronto:SMQ.TO) will be delisted at the close on Friday October 17, 2008.
The shares will continue to be traded on the Over the Counter Bulletin Board in the United States. Sterling’s board of directors approved the delisting and deregistration of the shares, noting that the OTCBB is the more significant trading market for the shares. Sterling does not believe that its shareholders in the United States will be affected significantly by a voluntary delisting from the TSX since its U.S. shareholders will continue to be able to trade the shares through the OTCBB.
Sterling Mining controls the Sunshine Mine, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico. Shares of Sterling Mining Company trade on the TSX under the symbol “SMQ”, on the OTCBB under the symbol “SLRM”, and also on the Frankfurt Stock Exchange under the trading symbol “SMX”.