VANCOUVER, British Columbia, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Esrey Resources Ltd. (“Esrey” or the “Company”) (TSXV:ESR) 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 January 29, 2019, the Company announced that its annual financial statements for the year ended September 30, 2018, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the “Annual Financial Filings”) were not filed by the required filing deadline of January 28, 2019.
On January 29, 2019, the British Columbia Securities Commission, as principal regulator, granted a temporary management cease trade order (the “MCTO”) to the Company. Esrey has the next 60 days from January 29, 2019 to file its audited annual financial statements for the period ended September 30, 2018.
Under National Policy 12-203 s. 4.4, Esrey must file bi-weekly default status reports in the form of a news release during the period of the MCTO. Failure to file the annual financial statements by April 1, 2019 or the bi-weekly default status reports will result in the issuance of a general cease trade order.
The Company reports that since its news release of January 29, 2019, there have been no material changes regarding the information contained in that news release. Further, there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms there have been no failures by it in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203, and the Company intends to file the annual financial statements for the year ended September 30, 2018 once the audit is completed.
On behalf of the Board of Directors,
David Cohen
Chairman
For more information, please contact:
Investor Relations: 1-778-373-0103
Email: info@esreyresources.com
Neither 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.