Tribute Resources Inc. Announces Suspension from Trading on the TSX Venture Exchange
London, Ontario (FSCwire) - Tribute Resources Inc. (TSX-V:TRB)
(“Tribute”), announces that as of May 4, 2018 the TSX Venture Exchange suspended trading of Tribute’s securities
as a result of a Cease Trade Order issued by the Ontario Securities Commission. Tribute is currently in default of filing
its audited statements for the year ended December 31, 2017 due to delays in the Company’s audit. Tribute is working
diligently with the auditors to have these statements completed and filed as soon as possible, at which point they will be
applying for reinstatement for trading on the TSX Venture Exchange.
About Tribute Resources Inc.
Tribute is a Canadian publicly traded energy company incorporated under the Business Corporations Act of the Province of
Alberta on May 15, 1997. Tribute's primary focus is on adding value to shareholders by developing and maintaining a long-term
interest in renewable energy projects. Tribute's objective is to build a company capable of delivering and sustaining
long-term per share growth by developing energy projects that will generate stable long-term cash flow when fully
operational. Tribute's business plan is to build upon its current asset base to identify, permit, develop, and construct
projects that meet its threshold return criteria. Tribute creates value by identifying project opportunities, providing the
expertise to develop the projects and maintaining an interest in the completed assets to build long-term stable utility quality
cash flow from a strong energy related asset base. For more information please visit www.Tribute
resources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For further information or a copy of the reports contact:
Jennifer Nisker
CFO, Tribute Resources Inc.
2807 Woodhull Road, London, ON N6K 4S4
(519) 657-7624
Forward-Looking Information and Statements
This document contains certain forward-looking information and statements within the meaning of applicable securities
laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "feels", "may", "will", "would", "believe",
"plans", "intends", "possible", "future" and similar expressions are intended to identify forward-looking information or
statements. This forward-looking information and the related statements are based upon factors, expectations and assumptions
reflected in the forward-looking statements that are reasonable at this time but no assurance can be given that these factors,
expectations and assumptions will prove to be correct.
The forward-looking information and statements contained in this news release are based upon several material factors,
expectations and assumptions of Tribute including, without limitation: that Tribute will continue to conduct its operations in a
manner consistent with past operations; the general continuance of current or, where applicable, assumed industry conditions;
availability of sources to fund Tribute’s capital and operating requirements as needed; and certain commodity price and other
cost assumptions.
The forward-looking information and statements included in this news release are not guarantees of future performance and
should not be unduly relied upon. Such information and statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information
and statements including, without limitation: general economic, market and business conditions; the impact of specific oil & gas
and renewable electricity industry conditions; volatility in market prices for crude oil, natural gas and other renewable
forms of energy; availability of financing and capital; the ability of Tribute’s customers to pay in a timely manner; changes in
commodity prices; imprecision of reserve estimates; unanticipated operating results; environmental risks; electricity grid
conditions; delays or changes in plans with respect to development projects or capital expenditures; changes in tax or
environmental laws or royalty rates; limited, unfavourable or no access to debt or equity capital markets; increased costs and
expenses; the impact of competitors; reliance on industry partners; circumstances may arise, including changes in accounting
policies, regulations or economic conditions, which could change the assumptions, estimates or expectations or the information
provided; shareholder value may not be maximized by Tribute or at all; there may be circumstances where, for unforeseen reasons,
a reallocation of funds may be necessary as may be determined at the discretion of Tribute and there can be no assurance as at
the date of this disclosure as to how those funds may be reallocated; should any one of a number of issues arise, Tribute may
find it necessary to alter its current business strategy and/or capital expenditure program; fluctuations in interest rates;
demand for Tribute’s product and services; adverse conditions in the debt and equity markets; and government actions including
changes in environment and other regulation; and certain other risks detailed from time to time in Tribute’s public disclosure
documents including, without limitation, those risks identified in this document.
The forward-looking information and statements contained in this document speak only as of the date of this document, and
Tribute does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be
required pursuant to applicable laws.
To view the original release, please click here
Source: Tribute Resources Inc. (TSX Venture:TRB)
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