SEATTLE, Feb. 8, 2011 (GLOBE NEWSWIRE) -- The board of directors of Arequipa Mining Ltd. (Arequipa) has approved the action of determining the best methodology to list the Company with the Frankfurt Stock Exchange (FSE). The chairman of Arequipa's board of directors comments that the Frankfurt Stock Exchange offers a unique opportunity to fund operations in Peru and that the Company intends to find any and all ways to raise capital to secure the project in Nazca, Peru. At this point in time, Arequipa consultants have advised that the FSE gives the equity market that matches Arequipa's needs. The Company is determined to start this process.
The board acknowledges the updated rules of the FSE requiring a maintenance of 500,000 Euros to list. The chairman believes that Arequipa will be successfully valued to obtain at least the minimal listing requirements.
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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.
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