Tantalex Resources Announces Cease Trade Order Issued by BC Securities Commission
July 10, 2014 (Source: Marketwired) — Tantalex Resources Corporation (CSE:TTX) (FRANKFURT:1T0) (the “Company“) announced today that a cease trade order (the “Cease Trade Order“) was issued on July 8, 2014 by the British Columbia Securities Commission due to the Company failing to file comparative financial statements for its financial year ended February 28, 2014, and management’s discussion and analysis for the period ended February 28, 2014, as required under Part 5 of National Instrument 51-102. Under the terms of the Cease Trade Order, all trading in the Company’s securities has ceased and the shares of the Company have been halted by the Canadian Securities Exchange. For more detailed information, and a copy of the Cease Trade Order, visit the Canadian Securities Administrators website (http://www.securities-administrators.ca/cease_trade.aspx?id=171).
The Company anticipates being in a position to file the annual financial statements, management’s discussion and analysis and certifications within the next 15 days.
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The Company also anticipates that the Alberta and Ontario securities commissions will also issue their own cease trade orders in the event the required documents are not first filed on SEDAR.
About Tantalex Resources Corporation
Tantalex is a mining exploration and development company engaged in the acquisition, exploration and development of Tantalum and Niobium properties in Africa. The Company is listed on the Canadian Securities Exchange (CSE:TTX) and the Frankfurt Stock Exchange (FRANKFURT:1T0).
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Tantalex believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Tantalex disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>