DOT Announces Management Cease Trade Order
May 02 2014 - 7:30AM
Marketwired
DOT Announces Management Cease Trade Order
CALGARY, ALBERTA--(Marketwired - May 2, 2014) - DOT Resources
Ltd. (TSX-VENTURE:DOT) ("DOT" or the "Corporation") announces that
a temporary Management Cease Trade Order ("MCTO") has been issued
by the Alberta Securities Commission ("ASC") against the
Corporation's Chief Executive Officer and Chief Financial Officer
as opposed to a general cease trade order against the Corporation.
This MCTO prohibits trading in securities of the Corporation,
whether directly or indirectly, by these individuals.
As summarized in Alhambra's News Release dated April 11, 2014
(the "Default Notice"), this action was expected due to the delay
in filing its 2013 annual audited financial statements,
management's discussion and analysis and CEO and CFO certificates
(collectively, the "2013 Annual Audited Financial Statements").
Should DOT fail to file its 2013 Annual Audited Financial
Statements on or before June 30, 2014, the ASC can impose a cease
trade order on Alhambra such that all trading in securities of the
Corporation cease for such period as the ASC may deem
appropriate.
Pursuant to the requirements of Section 4.4 of National Policy
12-203 - Alternative Information Guidelines ("AIG"), the
Corporation reports the following:
(i) There have been no material changes to the information
contained in the Default Notice and the Corporation expects to file
its 2013 Annual Audited Financial Statements on or before June 30,
2014;
(ii) There have been no failures with respect to the Corporation
fulfilling its stated intention of satisfying the requirements of
the AIG;
(iii) There has not been, nor is there anticipated to be, any
specified default subsequent to the default which is the subject of
the Default Notice; and,
(iv) There is no other material information concerning the
affairs of the Corporation that has not been generally
disclosed.
ABOUT DOT
DOT is a Canadian corporation focused on exploration and
development of its copper properties in central British Columbia.
DOT shares trades on the TSX Venture Exchange under the symbol DOT.
The Corporation's website can be accessed at
www.dotresourcesltd.com
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.
Forward-Looking Statements
Certain statements contained in this release constitute
"forward-looking statements". These statements relate to future
events or future performance. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on the Corporation's current belief or
assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. In particular, this
release contains forward looking statements relating to the 2013
Annual Audited Financial Statements and the filing of the 2013
Annual Audited Financial Statements. Various assumptions or factors
are typically applied in drawing conclusions or making the
forecasts or projections set out in forward looking statements.
Those assumptions and factors are based on information currently
available to the Corporation. The material factors and assumptions
with respect to the commencement of the audit of the 2013 Annual
Financial Statements and the completion and filing of the 2013
Annual Audited Financial Statements include: the availability of
funds to complete and file the financial statements by the end of
June, 2014 and the auditors not encountering anything out of the
ordinary that would cause the auditors not to be able to complete
the audit as anticipated. Risk Factors that could cause actual
results or outcomes to differ materially from the results expressed
or implied by forward looking statements include, among other
things: general economic and business conditions, and political and
social risks. Forward-looking statements contained in this release
are made based on Management's beliefs, estimates and opinions on
the date the statements are made and the Corporation undertakes no
obligation to update forward looking statements and if these
beliefs, estimates and opinions or other circumstances should
change, except as required by applicable law. Because of the risks,
uncertainties and assumptions contained herein, investors should
not place undue reliance on forward looking statements. The forward
looking statements contained herein are expressly qualified by this
cautionary statement. Statements contained in this news release
constitute "forward-looking statements" as such term is used in
applicable Canadian and US securities law.
Ihor P. WasylkiwVP & Chief Information Officer+1 (403)
264-2647Donald D. McKechnieVP Finance & Chief Financial
Officer+1 (403) 264-2647
(TSXV:DOT)
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