Colombia Crest Clarifies Cease Trade Order
February 11 2014 - 3:17PM
Marketwired
Colombia Crest Clarifies Cease Trade Order
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 11, 2014) -
Colombia Crest Gold Corp. ("Colombia Crest"; the "Company")
(TSX-VENTURE:CLB)(PINKSHEETS:ECRTF)(FRANKFURT:EAT) reports that the
TSX Venture Exchange has suspended trading in the Company's
securities as a result of a Cease Trade Order issued by the British
Colombia Securities Commission on February 7, 2014. The Cease Trade
Order was issued for the failure of the Company to file its audited
annual financial statements for the fiscal year ended September 30,
2013, the related annual management's discussion and analysis and
the certifications of annual filings, collectively, (the
"Documents").
The Company and its
external auditor are working diligently to complete and file the
Documents, which have been delayed awaiting clarification from
accountants in Bolivia of income tax liabilities, if any, related
to the 2013 sale of the Company's Bolivian subsidiary.
About Colombia Crest
Gold Corp.
Colombia Crest Gold
Corp. is a minerals exploration company focused on the acquisition,
development and monetization of project throughout the
Americas.
Forward-Looking
Statements
This news release
contains forward-looking statements, including predictions,
projections and forecasts. In particular, statements in regards to
the completion of and related timing of filing of the Documents are
considered Forward Looking Statements. Forward-looking statements
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of Colombia Crest to be materially
different from those expressed or implied by such forward-looking
statements. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Neither the TSX
Venture nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture) accepts responsibility
for the adequacy or accuracy of this release.
Colombia Crest Gold Corp.Bill
JungCFObill@colombiacrestgold.comwww.colombiacrestgold.com
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