Date moved to Dec 22
Montan Mining to file fiscal 2017 results by Dec. 22
2017-12-13 18:31 ET - News Release
Mr. Luis Zapata reports
MONTAN PROVIDES BI-WEEKLY UPDATE ON STATUS OF MANAGEMENT CEASE TRADE ORDER
Montan Mining Corp. is providing this biweekly update on the status of a management cease trade order granted on Nov. 29, 2017, by its principal regulator, the B.C. Securities Commission, under National Policy 12-203 (Management Cease Trade Order). On Nov. 29, 2017, the company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended July 31, 2017, beyond the 120-day period prescribed under applicable Canadian securities laws for the filing of such documents.
Montan reports that, since the issuance of the default announcement, the previous anticipated filing of the annual filings by Dec. 15, 2017, will not be met. The company now anticipates filing the annual filings on or before Dec. 22, 2017.
During the MCTO, the general investing public will continue to be able to trade in the company's listed common shares. However, the company's chief executive officer and chief financial officer will not be able to trade in the company's shares.
Other than as disclosed in this press release, there are no material changes to the information contained in the default announcement. The company confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue biweekly default status reports for so long as it remains in default of the annual filings requirement.