September 11, 2009 TSX:BAJ
OTCQX:BAJFF
PRESS RELEASE
BAJA COMMENCES TRADING ON OTCQX
VANCOUVER, B.C. — Baja Mining Corp. today announced that its common shares commenced trading on the Pink OTC’s most prestigious tier, OTCQX International, under the symbol, "BAJFF" effective at market open, September 11, 2009. Baja’s shares continue to trade on the Toronto Stock Exchange in Canada under the symbol "BAJ".
Dorsey & Whitney LLP will serve at the Company’s Principal American Liaison (PAL) on OTCQX.
Baja expects to benefit from being listed on OTCQX alongside many internationally respected corporations and from gaining greater exposure in the United States capital markets.
"We believe this listing will provide a more convenient and transparent forum for U.S., and other international, investors to access Baja’s growing market and will provide more widespread awareness of the Company’s ongoing developments and progress," said Baja’s President and CEO, John Greenslade.
Said R. Cromwell Coulson, Chairman and CEO of Pink OTC Markets, "Listing on OTCQX will provide Baja Mining with greater access to the U.S. capital market, the opportunity to expand its investor base and increase international liquidity. We are pleased to welcome Baja Mining to OTCQX."
OTCQX
provides a gateway to U.S. securities markets for international companies that are listed on a qualified non-U.S. exchange. More importantly, OTCQX distinguishes reputable international issuers from the other 9,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide ongoing, credible disclosure to the public are eligible for inclusion on the premium-tier OTCQX, which commenced trading on March 5, 2007. For more about OTCQX, visit www.otcqx.com.
Baja Mining
is a Vancouver-based publicly traded company (TSX:BAJ) with a 70% interest in the Boleo copper-cobalt-zinc-manganese project located near Santa Rosalia, Baja California Sur, Mexico. A Korean syndicate holds the remaining 30%. Baja is the project operator. The target date for commissioning Boleo is 2012. A 2007 definitive feasibility study projected an average annual production for the first four years of 56,000 tonnes of copper cathode, 1,500 tonnes of cobalt cathode and 20,000 tonnes of zinc sulphate. The project has proven and probable reserves that support a mine life of more than 25 years. Anticipated cash costs in the first five years are US$0.27 per pound of copper, net of by-product credits for cobalt and zinc, and with no credit for manganese.
