TUCSON, Ariz., Jan. 3, 2008 (PRIME NEWSWIRE) -- Nord Resources Corporation ("Nord" or the "Company") (Pink Sheets:NRDS) is pleased to announce it has received conditional approval from the Toronto Stock Exchange ("TSX") to list its common shares on the TSX, subject to fulfilling all requirements of the TSX and filing of customary documentation on or prior to April 1, 2008. Nord's trading symbol on the TSX will be "NRD".
John Perry, President and CEO of Nord stated, "The listing of Nord on the TSX will be a major step forward in the development of the Company. We anticipate that it will provide increased liquidity and additional exposure to capital markets and new investors which will be a significant benefit to the Company and its shareholders."
Neither the TSX nor any regulatory authority accepts responsibility for the adequacy or accuracy of this release.
About Nord Resources
Nord Resources Corporation is in the business of exploring for, developing and operating mineral properties. The Company's primary asset is the Johnson Camp Mine located approximately 65 miles east of Tucson, Arizona. The reactivation of the Johnson Camp Mine commenced in June 2007. Residual leaching operations commenced in November 2007. Cathode production from residual leaching is scheduled to commence in January 2008 and planned copper production from new ore placed on the heaps is scheduled to commence in the third quarter of 2008.
Forward-Looking Statement Disclaimer
This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address listing of Nord's common stock on the TSX, copper processing and mining activities of Nord are forward-looking statements. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: final acceptance by the TSX of Nord's TSX listing application; the market price of copper; general economic, market and business conditions; the Company's plans at its Johnson Camp property; the interpretation of drill results and the estimation of mineral reserves; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development, mining results or metal recoveries will not be consistent with the Company's expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; regulatory restrictions, including environmental regulatory restrictions and liabilities; and the loss of key employees. In addition, Nord's business and operations are subject to the risks set forth in Nord's most recent Form 10-KSB, Form 10-QSB and other SEC filings which are available through EDGAR at www.sec.gov. These are among the primary risks we foresee at the present time. Nord assumes no obligation to update the forward-looking statements.