19:09:26 EST Wed 30 Nov 2022
Enter Symbol
or Name

Veris Gold Corp
Symbol VG
Shares Issued 154,378,365
Close 2014-03-28 C$ 0.345
Recent Sedar Documents

Veris Gold to file 2013 results late, arranges CTO

2014-03-31 07:21 ET - News Release

Mr. Francois Marland reports


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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