Josephine Mining Corp. Adds CHF Investor Relations' Market Liquidity Program to Improve Liquidity
October 28 2011 - 5:30PM
Marketwired
Josephine Mining Corp. ("Josephine" or the "Company") (TSX
VENTURE:JMC) today announced, further to the engagement of CHF
Investor Relations as previously announced on October 6, 2011, and
subject to TSX Venture Exchange approval, that CHF's Market
Liquidity Program has been initiated to improve liquidity.
The Market Liquidity Program, more commonly referred to as
market-making, will be conducted through CHF Investor Relations'
Calgary office using a registered broker, Mackie Research
Corporation, in compliance with Policy 3.4 of the TSX Venture
Exchange Corporate Finance Manual, IIROC's Universal Market
Integrity Rules & Policies (2010) and other relevant policies,
so that trading orders in the Company's shares are made to manage
volatility and imbalance of orders to improve liquidity. As per
Policy 3.4, section 2.8 that states in part "an Issuer may not use
its own funds, or provide direct or indirect compensation to other
parties to undertake a market-making function in its securities,"
Josephine and CHF confirm that capital for the purposes of
market-making has not and will not be provided from Josephine's
treasury.
Terms of the contract for IR and market-making services with CHF
remain as previously stated in the news release of October 6,
2011.
Prior to the grant of options announced upon CHF's engagement,
CHF has had no direct or indirect interests in the Company or its
securities.
About Josephine Mining Corp.
Josephine's principal focus is the engineering design,
permitting, construction and operation of advanced stage mineral
projects, particularly precious metals and copper deposits in North
America and abroad. Its main focus is the Turner Gold Project in
Southwest Oregon. Turner is a substantially drilled advanced stage
Au/Cu-VMS deposit which is the subject of a 43-101 compliant
report. The Company's proven and experienced management team is
working towards a production target to begin in 2014.
For more information please visit our website at
www.josephinemining.com. To receive Company news by email contact
dominique@chfir.com with "Josephine news" as the subject line.
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.
Contacts: Josephine Mining Corp. Robert Dumont Vice-President
(509) 343-3193 (509) 343 3194
(FAX)info@josephinemining.comwww.josephinemining.com CHF Investor
Relations Julia Clark Director of Communications (416) 868-1079
x236 (416) 868-6198 (FAX)julia@chfir.com CHF Investor Relations
Dominique Vaillancourt Associate Account Manager (416) 868-1079
x237 (416) 868-6198 (FAX)dominique@chfir.comwww.chfir.com