Strike Minerals Provides Default Status Report
02 Décembre 2013 - 11:36PM
Marketwired
Strike Minerals Provides Default Status Report
TORONTO, ONTARIO--(Marketwired - Dec 2, 2013) - Strike Minerals
Inc. (TSX-VENTURE:STK) ("Strike" or the "Company") is providing
this bi-weekly Default Status Report in accordance with National
Policy 12-203 -Cease Trade Orders for Continuous Disclosure
Defaults ("NP 12-203"). On September 19, 2013 the Company disclosed
the default notice (the "Default Notice") that, for the reasons
disclosed in the Default Notice, there would be a delay in the
filing of its annual financial statements, accompanying
Management's Discussion and Analysis and related CEO and CFO
certifications of annual filings for the financial year ended April
30, 2013 (collectively, the "Required Filings ").
As a result of this delay in filing the Required Filings, a
management cease trade order ("MCTO") was granted to the Company.
The MCTO restricts all trading in securities of the Company,
whether direct or indirect, by the Chief Executive Officer, the
Chief Financial Officer and the directors of the Company until such
time as the Required Filings have been filed by the Company. The
MCTO does not affect the ability of all other shareholders who are
not insiders of the Company to trade their securities.
The Company also confirms that since the issuance of the MCTO,
there has not been any material change concerning the affairs of
the Company that has not been disclosed as of the date of this news
release.
The Company has entered into a non-binding letter of intent that
is under consideration, and is negotiating with other parties.
Strike hopes that it will be in a position to remedy the default
within four to six weeks from the timing of the first advance under
the proposed financing. While the Company is actively pursuing this
financing opportunity, there is no certainty that a financing will
occur, and there is no certainty that Strike's secured creditors
will continue to forbear.
Forward-Looking Statements
Certain information set forth in this news release may
contain forward-looking statements that involve substantial known
and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, certain
of which are beyond the control of Strike, including, but not
limited to, the impact of general economic conditions, industry
conditions, volatility of commodity prices, risks associated with
the uncertainty of exploration results and estimates and that the
resource potential will be achieved on exploration projects,
currency fluctuations, ability to raise funds, dependence upon
regulatory approval. There is no assurance that the company's
exploration projects will add to Strike's resource base in the
short-term, or at all. Readers are cautioned that the assumptions
used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements.
Neither the 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.
Strike Minerals Inc.Kerry
SmithPresidentkerry.smith@strikeminerals.cominfo@strikeminerals.com
(TSXV:STK)
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