VANCOUVER, May 10, 2013 /CNW/ - Stone Resources Limited ("Stone
Resources" or the "Company") (TSX-V:SRH) has learned that its common
shares are the subject of a cease trade order issued by the British
Columbia Securities Commission on May 8, 2013 (the "Cease Trade
Order"). The Cease Trade Order results from a failure to file audited
comparative financial statements and management discussion and analysis
for the period ended December 31, 2012. The TSX Venture Exchange
("TSXV") has suspended trading in the Company's securities.
TSXV has advised the Company that a failure to have trading in the
Company's securities resume within 90 days from the date of the Cease
Trade Order, and to otherwise satisfactorily comply with TSXV listing
requirements, will result in the transfer of Stone Resources'
securities after August 6, 2013 to NEX, a trading forum for listed
companies that have fallen below TSXV's ongoing listing standards.
The Company is working diligently to prepare the requisite documents and
will file them as soon as possible once they are ready.
On behalf of the Board
About Stone Resources Limited
Stone Resources Limited (TSX-V: SRH) is a company incorporated in
Bermuda and listed on the TSX Venture Exchange in Canada. The Company
is involved with mineral resources exploration and development.
Neither the TSX Venture 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.
SOURCE: Stone Resources Limited
For further information:
STONE RESOURCES LIMITED
1 Victoria Street
Hamilton HM 11