FRANKFURT, Germany, March 16, 2011 (GLOBE NEWSWIRE) -- Since its inception in November 2010, Nazca Mining Ltd, a Canadian corporation, (Nazca) is approaching the required number of shareholders required to meet the new listing standards of the Frankfurt Stock Exchange (FWB). Scott Francis, President, comments, "We submitted our listing application with Renell Wertpapierhandelsbank AG on March 10, 2011 and have engaged them as our listing partner. Once we have the stockholders recorded, we expect FWB application acceptance 10 days following the listing partner's filing with the exchange."
The FWB presents Nazca with an inexpensive project financing option while offering investor liquidity on a prestigious exchange that has rigorous listing standards. Francis continues, "As of today, mine extraction operations have been funded and have a scheduled start date of April 15th on the Angostura gold vein complex, which is next to our partner processing plant in Nazca, Peru."
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This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.