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ESR - Esrey Resources News Story

C$0.005 0.0  0.0%

Last Trade - 29/01/20

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 2682

Esrey Provides Second Bi-Weekly Default Status Report

Tue 26th February, 2019 9:42pm
Esrey Provides Second Bi-Weekly Default Status Report

VANCOUVER, British Columbia, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Esrey Resources Ltd. (TSXV: ESR) (“Esrey” or the “Company”) is providing this second bi-weekly default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of January 29, 2018 (the “Default Notice”), the Company announced that it will not be filing its annual audited financial statements for the year ended September 30, 2018, management’s discussion and analysis and related CEO and CFO certifications (collectively the “Required Documents”) before the prescribed deadline of January 28, 2019. The Company provided its first bi-weekly default status report on February 12, 2019 (the “First Default Status Report”).  Further to the foregoing, the Company will not be timely filing its interim financial statements for the period ended December 31, 2018, due to be filed March 1, 2019.

As previously announced, pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer may not trade in securities of the Company until such time as the Company files its annual audited financial statements for the year ended September 30, 2018, management’s discussion and analysis, and related CEO and CFO certifications on or before April 1, 2019 (collectively the “Required Documents”) and the Executive Director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.

The Company’s Board of Directors and management confirm that they are working expeditiously to file the Required Documents and confirm that since the Company’s press release dated January 29, 2019 and February 12, 2019, there is no other material information respecting the Company’s affairs that has not been generally disclosed.

Until the Required Documents have been filed, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly default status reports in the form of further press releases for so long as the Company remains in default of the financial statement filing requirement.

On behalf of the Board of Directors,

David Cohen
Chairman

For more information, please contact:

Investor Relations: 1-778-373-0103
Email: info@esreyresources.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 release.

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