VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 30, 2014) - Galena International Resources (TSX VENTURE:GTO) (the "Company") reports that the Company received notice from the TSX Venture Exchange that the Company had a Tier 2 continued listing requirements deficiency in relation to its assets and operations for a company classified as a mining issuer.
The company has been actively searching for opportunities and has been engaged in discussions with interested parties to create a value-enhancing transaction. An agreement had not been reached by the Exchange's deadline. As a result, its listing has been transferred to NEX. Effective as of the market opening on July 31, 2014 the Company's shares will trade under the trading symbol GTO.H.
The Company will continue to review projects in the resource sector and remains committed to concluding a transaction in the best interest of its shareholders, at which time the company will apply for relisting on the TSX-V.