CHLORIDE, Ariz., Nov. 3, 2011 (GLOBE NEWSWIRE) -- Hondo Minerals Corporation (OTCBB: HMNC.OB) announced that the Annual Report on Form 10-K, filed on October 31, 2011, inadvertently left out the Officer Certifications due to electronic error. The Company filed a Form 10-K/A amendment today to correct the error. Because of this error, the company was considered to be temporarily delinquent in its reporting obligations with the U.S. Securities and Exchange Commission, and per normal SEC policy an "E" was added to the company's stock symbol. Since the error was corrected today with the amended 10-K/A, the "E" will removed by the open of trading tomorrow.
William R. Miertschin, Chairman and CEO of Hondo Minerals, noted, "We regret that this minor error occurred, and apologize for any inconvenience it may cause for traders and shareholders. The important thing to remember is that the Company filed the entire Annual Report on time, without applying for an extension. We take our reporting obligations seriously, and look forward to maintaining clear and timely communications with our shareholders."
About The Company
Hondo Minerals Corporation is engaged in the acquisition of mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves of precious metals or non-ferrous metals. Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was the largest producing silver mine in Arizona history. The Tennessee Mine operated from the late 1800's until 1947 producing lead, zinc, gold and silver. The Company also owns numerous other mining claims in the U.S. Southwest, which are being evaluated for additional reserves.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public. Please visit www.Hondominerals.com.