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Comments on Recent Stock Activity
posted on
Mar 04, 2009 09:49AM
March 4, 2009
Consolidated Thompson Comments on Recent Stock Activity
TORONTO, ONTARIO--(Marketwire - March 4, 2009) - Consolidated Thompson Iron Mines Limited (TSX:CLM) announced today, in response to a request from the Investment Industry Regulatory Organization of Canada relating to the recent increase in trading activity and share price, that it is in advanced discussions in respect of a possible strategic financing and offtake arrangement. There can be no assurance that the transaction will be consummated.
Consolidated Thompson Iron Mines Limited is an exploration and development company. The Company believes that the updated positive Feasibility Study, based on the current understanding of the quality and size of the Bloom Lake deposit, reflects the potential to expand and advance the project and exploit other opportunities in the iron ore industry. The Company has approximately 119.4 million shares outstanding and trades on the TSX under the symbol CLM. Further information can be accessed at the Company's website at www.consolidatedthompson.com.
