March 27, 2008
The common shares of HMZ Metals Inc. have been approved for listing on CNQ. There are approximately 110 million common shares outstanding with a public float of approximately 92.5 million shares.
HMZ Metals Inc. is a metals company that is currently involved in a long running dispute with its joint venture partner in China. The Company’s immediate term business strategy has necessarily evolved to focus on a resolution of its current dispute in which it is seeking a return of invested capital, its pro rata share of profits to date and damages in an amount to be determined.
The longer-term strategy of the Company is to proceed with additional new metals and metal processing projects inside and outside of China. Over the past two years HMZ has built a network in China which includes representatives in government, military, legal and business sectors. HMZ believes it will soon be well positioned to embark on a number of new projects in conjunction with new partners and anticipates that the introduction of modern mining technologies and environmentally responsible development methodologies will provide it with a substantial competitive advantage.
HMZ is also assessing a number of new project opportunities in the Americas.
Listing and disclosure documents for HMZ will be available in the CNQ Listings Disclosure Hall
Trading Date: Monday, March 31, 2008
CUSIP: 40425M 10 4
Applications are being accepted for Market Makers for "HMZA". If you have any questions or require further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail: [email protected]