TORONTO, Nov. 15 /CNW/ - Coalcorp Mining Inc. (NEX-CCJ) ("Coalcorp") announces that the Ontario Securities Commission, the British Columbia Securities Commission and the Manitoba Securities Commission have each revoked the respective cease trade order issued by each such Commission against Coalcorp for failure to file its audited annual financial statements, the related management's discussion and analysis, its annual information form, each for the year ended June 30, 2010, and the certification of the foregoing filings (the "Required Documents") within 90 days of Coalcorp's financial year end.
As previously disclosed, Coalcorp filed the Required Documents on October 29, 2010 and copies are available for viewing on SEDAR at www.sedar.com and on Coalcorp's website at www.coalcorp.ca.
In addition, Coalcorp has filed all requested documentation with the TSX Venture Exchange and anticipates that the TSX Venture Exchange will be in a position to issue a bulletin on November 16, 2010 announcing that trading in Coalcorp's securities on NEX will be reinstated effective from market opening on November 17, 2010.
As previously disclosed, Coalcorp has developed a new business strategy which it is intended will capitalize on the board of directors' and management's expertise and enable the Corporation to invest and aid growth in projects in the mining, metallurgical and mineral industries.
In the future, Coalcorp has every intention of filing its continuous disclosure documents within the time frames required by applicable securities legislation. While Coalcorp is listed on NEX, it will be subject to the longer time periods within which to make filings afforded to venture issuers.
Forward Looking Statements Disclaimer
Forward Looking Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Such statements can typically be identified by terminology such as ''may'', ''will'', ''could'', ''should'', ''expect'', ''plan'', ''anticipate'', ''believe'', ''intend'', ''possible'', ''continue'', "objective" or other similar expressions concerning matters that are not historical facts. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Coalcorp does not undertake to update any forward-looking statements; such statements speak only as of the date made.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Steven Cresswell
Interim Chief Executive Officer
416-644-1217
Share this article