LBE late filing financial, Cease trade order cominLiberty Mines to miss deadline for 2008 financials
2009-03-31 16:59 ET - News Release
Dr. Gary Nash reports
LIBERTY ANNOUNCES LATE FILING OF FINANCIAL STATEMENTS
LibertyMines Inc., pursuant to National Policy 12-203 (cease trade orders forcontinuous disclosure defaults), will be in default for failing to fileits audited financial statements, management's discussion and analysis,and annual information form for the year ended Dec. 31, 2008, at theclose of markets today. The financial statements should have been filedon or before March 31, 2009, pursuant to relevant securities laws. Cashflow difficulties have prevented the company from having its auditorscomplete the preparation of the audited financial statements. It isanticipated that the financial statements will be filed by no laterthan May 12, 2009. The Alberta Securities Commission may impose a ceasetrade order on the trading of the securities of the company for aperiod of time specified in the order, which has not yet been receivedby the company.
Negotiations for a financing arranged by thecompany have essentially concluded and a definitive agreement based onthe negotiated terms is in progress. Upon successful completion of theagreement, a press release will be issued specifying the details of thefinancing.
We seek Safe Harbor.
Not good at all. The money will be frozen in it.