Ginger Beef Corporation Announces Application for Management Cease Trade Order
September 17 2013 - 10:32AM
Marketwired Canada
Ginger Beef Corporation (the "Corporation") (TSX VENTURE:GB) 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 August 29,
2013, the Corporation announced (the "Default Notice") that it would be unable
to file its unaudited interim financial statements, management's discussion and
analysis and related Chief Executive Officer and Chief Financial Officer
certificates for its six-month period ended June 30, 2013 (the "Required
Filings") before the August 29, 2013 filing deadline for the reason disclosed
within that announcement.
In accordance with NP 12-203, and as previously announced, the Corporation
applied to the Alberta Securities Commission (the "ASC") to approve a temporary
management cease trade order ("MCTO") to prohibit trading in securities of the
Corporation by certain insiders of the Corporation, whether direct or indirect.
On August 30, 2013, the ASC issued a temporary MCTO.
The Corporation is working on the Required Filings and anticipates that it will
be a position to remedy the default by filing the Required Filings by September
30, 2013.
Pursuant to the requirements of section 4.4 of NP 12-203 - Alternative
Information Guidelines ("AIG"), the Corporation reports that since the issuance
of the Default Notice, there have not been any material changes to the
information provided therein nor has there been any failure by the Corporation
in fulfilling its stated intentions with respect to satisfying the AIG. In
addition, there has not been any other specified default by the Corporation
under NP 12-203 nor are any anticipated and there is no other material
information concerning the affairs of the Corporation that has not otherwise
been reported.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ginger Beef Corporation
Stanley Leung
President and Chief Executive Officer
(403) 272-8088
(403) 234-0688 (FAX)
gingerbeef00@gmail.com
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