Tantalex Resources Announces Cease Trade Order Issued by BC Securities Commission
July 10 2014 - 10:19AM
Marketwired Canada
Tantalex Resources Corporation (CSE:TTX) (FRANKFURT:1T0) (the "Company")
announced today that a cease trade order (the "Cease Trade Order") was issued on
July 8, 2014 by the British Columbia Securities Commission due to the Company
failing to file comparative financial statements for its financial year ended
February 28, 2014, and management's discussion and analysis for the period ended
February 28, 2014, as required under Part 5 of National Instrument 51-102. Under
the terms of the Cease Trade Order, all trading in the Company's securities has
ceased and the shares of the Company have been halted by the Canadian Securities
Exchange. For more detailed information, and a copy of the Cease Trade Order,
visit the Canadian Securities Administrators website
(http://www.securities-administrators.ca/cease_trade.aspx?id=171).
The Company anticipates being in a position to file the annual financial
statements, management's discussion and analysis and certifications within the
next 15 days.
The Company also anticipates that the Alberta and Ontario securities commissions
will also issue their own cease trade orders in the event the required documents
are not first filed on SEDAR.
About Tantalex Resources Corporation
Tantalex is a mining exploration and development company engaged in the
acquisition, exploration and development of Tantalum and Niobium properties in
Africa. The Company is listed on the Canadian Securities Exchange (CSE:TTX) and
the Frankfurt Stock Exchange (FRANKFURT:1T0).
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Tantalex believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the expectations of
any forward looking statements will prove to be correct. Except as required by
law, Tantalex disclaims any intention and assumes no obligation to update or
revise any forward looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions, changes in
factors affecting such forward looking statements or otherwise.
The Canadian Securities Exchange (CSE) has not reviewed this news release and
does not accept responsibility for its adequacy or accuracy.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tantalex Resources Corporation
Dave Gagnon
Chief Executive Officer
+1 514-394-7476
dg@tantalex.ca
Bay Capital Markets
Gareth Charles
Investor Relations
+1 514-207-4150
ir@tantalex.ca
General Research GMBH
George Hochwimmer
+49 89 25004330
hochwimmer@generalresearch.de
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