Mr. Brent Johnson reports
MOUNTAIN-WEST PROVIDES SECOND BI-WEEKLY DEFAULT STATUS
REPORT REGARDING MANAGEMENT CEASE TRADE ORDER
Mountain-West Resources Inc. is providing this biweekly default status report in accordance with National Policy 12-203
(cease trade orders for continuous disclosure defaults). On April 7, 2011, the issuer
announced that there would be a delay in filing its unaudited interim financial
statements for the nine-month period ended Jan. 31, 2011, together with the related
management's discussion and analysis and certifications by the chief executive officer and chief financial
officer. Under National Instrument 51-102 of the
Canadian Securities Administrators, the required records should have been filed not later than April 1,
2011.
As a result of this delay in filing, on April 8, 2011, the B.C. Securities Commission, the principal regulator of the issuer, issued a temporary management cease trade order, which imposed restrictions on all trading in and all acquisitions of securities of the
issuer, whether direct or indirect, by the chief executive officer and the chief financial officer, until the
required records have been filed with the securities regulatory authorities and a revocation order issued.
The issuer expects to file the required records on or before May 31, 2011. Until the required records are
filed, the issuer intends to continue to satisfy the requirements of the alternative information guidelines
specified in Section 4.4 of NP 12-203 by issuing biweekly default status reports, each of which will be
issued in the form of a news release. The issuer intends to file, if required, its next default status report by
May 25, 2011.
This news release is the second biweekly default status report under NP 12-203. Since announcing the
original default notice on April 7, 2011, and filing its first default status report on April 27, 2011, there have
not been any material changes to the information contained therein, nor any failure by the company to fulfill
its intentions stated therein, and there are no additional defaults or anticipated defaults subsequent thereto,
and there is no other material information concerning the affairs of the issuer that have not been generally
disclosed.
© 2024 Canjex Publishing Ltd. All rights reserved.