05:58:37 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Mountain-West Resources Inc
Symbol MWR
Shares Issued 48,614,341
Close 2011-04-15 C$ 0.75
Market Cap C$ 36,460,756
Recent Sedar Documents

ORIGINAL: Mountain-West faces more delay in filing financials

2011-05-13 20:35 ET - News Release

Received by email:

File: Second Bi-Weekly Default Status Report.pdf

              MOUNTAIN-WEST PROVIDES SECOND BI-WEEKLY DEFAULT STATUS
              REPORT REGARDING MANAGEMENT CEASE TRADE ORDER


Vancouver, British Columbia. May 13, 2011. Mountain-West Resources Inc. (TSX-V � MWR) (the
"Issuer") 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 April 7, 2011, the Issuer
announced (the "Default Notice") that there would be a delay in filing its unaudited interim financial
statements (the "Statements") for the nine month period ended January 31, 2011 together with the related
Management's Discussion and Analysis and Certifications by the Chief Executive Officer and Chief Financial
Officer (collectively the "Required Records"). Under National Instrument 51-102 ("NI 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 British Columbia Securities Commission (the
"BCSC"), the principal regulator of the Issuer, issued a Temporary Management Cease Trade Order (the
"Temporary MCTO"), 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 Alternate Information Guidelines
specified in Section 4.4 of NP 12-203 by issuing bi-weekly 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 bi-weekly 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 has not been generally
disclosed.

On behalf of the Board of Directors,

BRENT JOHNSON, President & CEO

For further information please contact Bruce Olivier, Director: Telephone: 1-403-380-3255, Email:
obruce9@telus.net

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.




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