Mr. Francois Marland reports
VERIS GOLD CORP. GRANTED MANAGEMENT CEASE TRADE ORDER
Veris Gold Corp. has applied for, and has
been granted, a management cease trade order by the British Columbia
Securities Commission because of delays in completing its audited financial
statements to Dec. 31, 2013. Because of the delays, the company will file
its annual audited financial statements, management's discussion and
analysis, annual information form, and chief executive officer and chief financial officer certificates
after the filing deadline of March 31, 2014, as prescribed by National
Instrument 51-102 -- Continuous Disclosure Obligations. The audit is now nearing completion and the company anticipates the
filing of the 2013 annual audited financial statements on or before
April 10, 2014. The company confirms that there are no insolvency
proceedings against it as at the date of this news release. The
company further confirms that there is no other material information
concerning the affairs of the company that has not been generally
disclosed as at the date hereof.
Until the company completes the filing of the 2013 annual audited
financial statements, Veris will comply with the alternative
information guidelines set out in National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults for issuers who have failed to comply with a specified continuous
disclosure requirement within the times prescribed by applicable
securities laws. The guidelines, among other things, require Veris to
issue biweekly default status reports by way of a news release so long
as the 2013 annual audited financial statements have not been filed.
During the currency of the management cease trade order, the general
investing public will continue to be able to trade in the company's
listed common shares, however, the company's chief executive officer,
chief financial officer, and such other directors, officers and persons
as determined by the applicable regulatory authorities, will not be
able to trade Veris shares.
We seek Safe Harbor.
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