OTCPK:KATFF - Post by User
Comment by
AlexMachon Aug 16, 2017 11:26am
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Post# 26587533
RE:Katanga Mining announces receipt of management cease trade o
RE:Katanga Mining announces receipt of management cease trade oThis prevents KAT management from trading but not the retail investors (i.e. you and me)
Bullshat wrote: Canada NewsWire ZUG, Switzerland, Aug. 16, 2017 ZUG, Switzerland, Aug. 16, 2017 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announced that its previously disclosed application for a management cease trade order ("MCTO") under National Policy 12-203 ("NP 12-203") has been approved by the Ontario Securities Commission ("OSC"). The MCTO prohibits the directors and executive officers of the Company from trading in or acquiring securities of the Company until two full business days after the Company's 2017 second quarter filings and previously disclosed restated financial statements and related management's discussion and analysis ("MD&A") are filed. The MCTO does not affect the ability of other persons to trade in the common shares of the Company. As previously disclosed, the Company intends to satisfy the provisions of the "alternative information guidelines" as set out in NP 12-203, including the requirement to file bi-weekly status reports in the form of news releases containing prescribed updating information, until the Company's 2017 second quarter filings and restated financial statements and MD&A are filed.