TORONTO, May 5, 2010 (GLOBE NEWSWIRE) -- The Strategic Mining Corporation (Pink Sheets:SMNG - News) announced today that it filed a Form 10 with the SEC on April 30 to initiate the process to move to the Bulletin Board. The filing included the company's audited financials for 2008 and 2009.
The SEC filing marks an important step for the company to move to a higher exchange with all the accompanying benefits. The Bulletin Board reaches a much wider audience both domestically and internationally. Strategic Mining would become a reporting company offering more transparency while investors and their brokers would have greater ease and less restrictions to monitor, buy and sell the company's stock. Financial institutions would be more inclined to invest into the company. Strategic Mining could more easily apply to list on exchanges in other countries such as Canada and Germany.
President, Todd Sterck commented: "We have been dedicated to all of the details required to make this move to the Bulletin Board over the past few months. This move will greatly assist Strategic Mining in establishing itself as a recognized worldwide gold exploration and development company".
About Strategic Mining Corporation
Strategic Mining Corporation (Pink Sheets:SMNG - News) is engaged in the exploration and development of gold properties in Vietnam, the U.S. and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures. For more information visit: www.strategicminingcorp.com
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