Campbell Resources anticipate not being able to fulfil its Continuous Disclosure Obligations
March 20 2009 - 2:06PM
PR Newswire (US)
MONTREAL, March 20 /PRNewswire-FirstCall/ -- Campbell Resources
Inc. (the "Corporation") (NEX CCH, OTC Bulletin Board: CBLRF) is
currently in a process of restructuration and subject to an
ordinance issued by the Court under the Companies' Creditors
Arrangement Act (R.S.C. 1985, c. C-36) (Ref.: Press release dated
January 28, 2009), wishes to inform its securities holders that it
will not be able to fulfil its Continuous Disclosure Obligations
with regards to the filing of its annual financial statements and
auditor's report, the filing of its interim financial statements,
of its management's discussion and analysis as well as the Annual
Information Form and the documents pertaining to the Management
Proxy Circular in relation to the annual shareholders meeting until
such time as it has presented a plan of arrangement to its
creditors and elaborated a restructuration plan. The Corporation
intends to comply with the alternative information guidelines
contained in Policy Statement 12-203 as long as its remains in
default of its Continuous Disclosure Obligations and, in
particular, to disclose to the applicable Canadian Securities
Administrators the same information it provides to its creditors as
well as any other material information concerning its business that
has not been generally disclosed. Certain information contained in
this release contains "Forward-Looking Statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and
is subject to certain risks, assumptions and uncertainties,
including those "Risk Factors" set forth in the Campbell's current
Annual Report on Form 20-F for the year ended December 31, 2007,
which may cause actual future results to differ materially from
those expressed or implied in any forward-looking statement. Such
factors include, but are not limited to: differences between
estimated and actual mineral reserves and resources; changes to
exploration, development and mining plans due to prudent reaction
of management to ongoing exploration results, engineering and
financial concerns; and fluctuations in the gold price which affect
the profitability and mineral reserves and resources of Campbell.
The key assumptions underlying the forward looking statements
contained in this release are that the gold and copper prices
remain equal to or above the prices disclosed herein. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Forward-looking
statements are expressly qualified in their entirety by this
cautionary statement. DATASOURCE: CAMPBELL RESOURCES INC. CONTACT:
Campbell Resources Inc.: Andre Fortier, President and Chief
Executive Officer, (514) 875-9033,
Copyright