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Message: Trading starts Wed 2 Sept
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Palladon Ventures Ltd. - Stock to resume trading
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Re: Press Releases - Tuesday, September 01, 2009 Title: Palladon Ventures Ltd. -- Stock to resume trading Salt Lake City, Utah, September 1, 2009. Palladon Ventures Ltd. ("Palladon" or the "Company") (TSX.V: PLL) (Frankfurt: PV-1) is pleased to issue the following press release. The Company previously announced on August 27, 2009, that the British Columbia Securities Commission ("BCSC") has revoked the Cease Trade Order as it applies to Palladon Ventures Ltd., which allows trading in the securities of Palladon to resume. The Company is pleased to announce that based on the revocation of the cease trade order, the TSX Venture Exchange has reinstated trading in Palladon's shares. Trading will resume in Palladon as of the market open on Wednesday, September 2, 2009. Palladon CEO John Cutler stated "We are delighted to finish a difficult chapter in the company's history by putting this firmly behind us. Palladon will now devote 100% of its efforts to advancing the Iron Mountain Project. The near term focus is to raise a minimum of US$5 million by October 15th, thereby extending the Luxor debt obligation until the end of 2010." "We are confident that we have a significant deposit and an attractive project. We will demonstrate this to current shareholders and prospective investors over the next two quarters. We look forward to the release of the NI 43-101 compliant Preliminary Economic Assessment on Comstock/ Mountain Lion and stockpiles in late September, 2009. Working with SRK, Palladon then plans to complete a Bankable Feasibility Study by late March, 2010." On Behalf of the Board of Directors, John W. Cutler President & Chief Executive Officer About Palladon Palladon Ventures Ltd. is a junior resource company focused on advancing the Comstock/Mountain Lion iron mine in Iron County, Utah. Palladon also holds gold exploration projects in Nevada and Utah. For Further Information Please Contact: John W. Cutler President & CEO Palladon Ventures Ltd. 801.521.5252 Tel 801.521.5454 Fax Email: info@palladonventures.com Website: www.palladonventures.com |
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