ugly, cease tradeExmin under cease trade order for late financials
2008-05-15 09:47 ET - News Release
Mr. Karl Boltz reports
EXMIN CLARIFIES CEASE TRADE ORDER
Exmin Resources Inc. has been issued a delinquent filer cease trade order by the British Columbia Securities Commission for failure to file its 2007 annual audited financial reports by the deadline of April 29, 2008. The finalization of the company's annual audited financial statements has been delayed due to the unforeseen delay in the completion of financial statements relating to a Mexican subsidiary and which operates one of the company's mineral projects in Mexico.
Exmin management and the company's auditors are working as expeditiously as possible to finalize the annual audited financial statements and are in regular communication with the international accounting firm that is auditing the required financial statements of the Mexican joint venture company. The company currently anticipates being in a position to file its annual audited financial statements within 10 days.
Exmin has been in communication with the appropriate regulatory agencies concerning these matters. The company's common shares will not be permitted to trade on the TSX Venture Exchange while the cease trade order is in effect.
We seek Safe Harbor.