Celtic Minerals Ltd. Announces Revocation of Compliance-related Cease Trade Orders
22 Décembre 2010 - 1:31AM
PR Newswire (Canada)
CALGARY, Dec. 21 /CNW/ -- Shares Outstanding: 80,192,676 CALGARY,
Dec. 21 /CNW/ - Celtic Minerals Ltd. ("Celtic") announces that the
Alberta Securities Commission (the "ASC") and the British Columbia
Securities Commission (the "BCSC") have issued revocation orders
dated December 20, 2010 and December 21, 2010, respectively (the
"Revocation Orders") granting full revocation of compliance-related
cease trade orders issued by the ASC and the BCSC in respect of
Celtic. The Alberta cease trade order was issued on May 7, 2009
against Celtic by the ASC and the British Columbia cease trade
order was issued on May 21, 2009 by the BCSC (the "Orders") for the
failure of Celtic to file its annual audited financial statements,
annual management discussion and analysis, and certification of
annual filings for the year ended December 31, 2008 (the "Financial
Statements") by the required filing deadline. As a result of the
Order issued by the ASC, the TSX Venture Exchange suspended trading
in Celtic's shares on May 7, 2009. Pursuant to the terms of the
Revocations Orders, Celtic will hold an annual general meeting of
the holders of common shares of Celtic on or before the date which
is three months from the date of the granting of the Revocation
Orders. The Financial Statements were filed on the System for
Electronic Document Analysis and Retrieval ("SEDAR") on January 19,
2010. In addition, Celtic also subsequently filed: (i) the annual
audited financial statements, annual management discussion and
analysis, and certification of annual filings for the year ended
December 31, 2009; (ii) the interim unaudited financial statements,
interim management discussion and analysis, and certification of
interim filings for the period ended September 30, 2009; (iii) the
interim unaudited financial statements, interim management
discussion and analysis, and certification of interim filings for
the period ended June 30, 2009; and (iv) the interim unaudited
financial statements, interim management discussion and analysis,
and certification of interim filings for the period ended March 31,
2009 on SEDAR on April 30, 2010. Forward Looking Statements:
Certain information set forth in this news release contains
forward-looking statements or information ("forward-looking
statements"), including the holding of an annual general meeting of
shareholders. Although the forward-looking statements contained in
this press release reflect management's current beliefs based upon
information currently available to management and based upon what
management believes to be reasonable assumptions, the Corporation
cannot be certain that actual results will be consistent with these
forward-looking statements. A number of factors could cause events
and achievements to differ materially from the results expressed or
implied in the forward-looking statements. Forward-looking
statements necessarily involve significant known and unknown risks,
assumptions and uncertainties that may cause the Corporation's
actual results, event, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
statements. Although the Corporation has attempted to identify
important risks and factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors and risks
that cause actions, events or results not to be anticipated,
estimated or intended. There can be no assurance that the
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Any forward-looking statements are
made as of the date of this press release, and the Corporation
assumes no obligation to update or revise them to reflect new
events or circumstances, unless otherwise required by law. In
particular, there is no assurance that the Corporation will be able
to hold the annual general meeting of the shareholders within the
time frames set forth above or at all. To view this news release in
HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/21/c7234.html
pbBarry Greene, Vice President/bbr/ Celtic Minerals Ltd.br/ Phone:
(709) 489-6480br/ Fax: (709) 489-7092br/ Email: a
href="mailto:bgreene@celticminerals.nf.net"
cr="true"bgreene@celticminerals.nf.net/a/p
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