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Opta Minerals to Suspend Strategic Review; Shares Steady at $2.16

Opta Minerals Inc. (OPM.TO) today announced that its Board of Directors have decided to suspend the strategic review process that was previously announced on September 7, 2011.

The company said the decision to suspend the strategic review process was based, in part, on an assessment of global market conditions which are currently challenging, combined with a number of actionable near-term growth opportunities within the company. As a result, the Board of Opta Minerals have concluded that the interests of the shareholders of Opta Minerals are best served by completing and integrating these expansion activities and suspending the strategic review process until further notice.

Opta, which has a market capitalization of 39.01 million, is now unchanged at $2.16, hitting day low.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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