Jim Sinclair has released the following statement regarding this morning's trading activity:|
11/10/11)- Tanzanian Royalty Exploration (TSX: TNX.TO)(AMEX: TRX )wishes to report that there is no particular event other than a technical market situation that can explain the recent trading action in the Company's shares.
The Company is responding to a request from the Investment Industry Regulatory Organization of Canada (IIROC) on behalf of the Toronto Stock Exchange (TSX) following recent trading activity.
Respectfully Submitted,
James E. Sinclair, President and Chief Executive Officer
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as "reserves", "resources", "geologic resources", "proven", "probable", "measured", "indicated", or "inferred" which may not be consistent with the reserve definitions established by the SEC. U.S. Investors are urged to consider closely the disclosure in our SEC filings. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.
This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities.
Certain information presented in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.
The Toronto Stock Exchange and NYSE Amex Equities have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Contact:
Tanzanian Royalty Exploration Corporation
Connecticut Office:
93 Benton Hill Road, Sharon, CT 06069
(860) 364-1830
(860) 364-0673 (FAX)
South Surrey Office:
Suite 404 - 1688 152nd Street
South Surrey, BC V4A 4N2
(604) 536-7873 or 1-800-811-3855
(604) 536-529 (FAX)
Investor Relations
1-800-811-3855
investors@TanzanianRoyalty.com
www.TanzanianRoyaltyExploration.com
