Dear Simba Energy Shareholder,
Simba Energy has filed and submitted all necessary documentation for the most recent Audited Annual Financial Statements as well as the Management Analyses and Discussions (MD & A’s) and have received notification from TheInvestment Industry Regulatory Organization of Canadaor IIROC that the “cease trade suspension” or halt will be lifted and the stock should resume trading within 24 hours.
We apologize for any inconvenience this may have caused our shareholders and investors.
I can assure you this was not a case of the company neglecting its responsibilities but rather a case where the Independent Auditor demanded third party confirmation at the last minute from certain countries where Simba Energy is currently operating. This is not normal procedure and Simba has always been compliant and respectful of the rules and regulations set out by the Exchange and Regulatory Authorities.
All documentation is now available on SEDAR for your perusal.
Once the halt is lifted the stock will resume normal trading activity. Simba Energy anticipates releasing some positive news and other developments regarding the exploration work in Kenya as well as other progress being made with Simba’s other African assets.
Please don’t hesitate to contact me if you have any other questions or concerns.
Regards,
Mark