RE:RE:RE:RE:RE:RE:RE:RE:RE:My bet is News release....
2017-01-30 17:19 ET - News Release
Mr. A. Ross Gorrell reports
PETROMIN ANNOUNCES APPLICATION FOR VOLUNTARY MANAGEMENT CEASE TRADE ORDER AND CHANGE OF AUDITOR
Petromin Resources Ltd. has applied for a voluntary management cease trade order in accordance with National Policy 12-203 due to it not being able to file its annual financial statements and management's discussion and analysis on SEDAR within 120 days of its financial year-end.
The company is currently in the process of changing its auditor. As a result, Petromin concluded that its new auditor will not be in a position to complete the audit in the time required by National Instrument 51-102. Petromin currently anticipates that it will be in a position to file its annual financial statements and MD&A on or before March 31, 2017.
Petromin confirms that it will comply with the provisions of the alternative information guidelines of National Policy 12-203 until the revocation of the management cease trade order. Petromin is not subject to any insolvency proceedings.
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You have to ask why ,is it because the existing auditor would not sign off the financials or is there some other reason? and again another broken promise to shareholders