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Bullboard - Stock Discussion Forum Petromin Resources Ltd. V.PTR.H

"Petromin Resources Ltd is a petroleum and natural gas exploration and production company in Canada. It is focused on its core operations, which include oil and gas producing properties in Alberta, Canada along the Western Canada Sedimentary Basin. The company owns an interest in Frog Lake area which consists of oil deposits, Gilby Property, Morningside Property, and Redwater North property." see more

TSXV:PTR.H - Post Discussion

Petromin Resources Ltd. > Cease Trading Order
View:
Post by easyoasy on Apr 05, 2017 8:15am

Cease Trading Order

Is this the good news Shaker was expecting...

From Stock

Mr. A. Ross Gorrell report

PETROMIN RESOURCES EXPECTS CEASE TRADE ORDER PENDING FILING OF FINANCIAL STATEMENTS

Further to the news release of Jan. 30, 2017, Petromin Resources Ltd. was unable to meet the timeline for filing its financial statements, and now expects that the B.C. Securities Commission will issue a cease trade order against the company for failure to file its financial statements and related management's discussion and analysis for the financial year ended Sept. 30, 2016, and the interim period ended Dec. 31, 2016. Upon issuance of the cease trade order, trading on the TSX Venture Exchange will be halted until such time as the cease trade order has been revoked.

The company is actively working to finalize the required annual and interim financial filings, which the company expects to complete and file by April 30, 2017. Once the required financial filings are made, the company will apply to the have the cease trade order revoked and the trading recommence on the TSX-V.

© 2017 Canjex Publishing Ltd. All rights reserved.

Total fiascoe from this inept management , are they still drawing salaries.
Hate to say it but I was right about them.
Comment by easyoasy on Apr 06, 2017 12:03pm
Looks like someone has had enough and dumping at 1.5 cents. Does anyone here think this will come back to trading after cease trading expires I have severe reservations. Management you have to be kidding .
Comment by easyoasy on Apr 06, 2017 12:16pm
I did say last week 1 cent was on the horizon it has just arrived. Question if PTR does not return to trading , what happens to it`s share in TerraWest will it find a nysterious route to the far east or how will shareholders get anything.just a thought
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