EDMONTON, June 14 /CNW/ - Planet Organic Health Corp. (TSX Venture Exchange - "POH"), Mr. Darren Krissie, the last remaining director of Planet Organic Health Corp. (the "Corporation"), announces his resignation from the board of directors.
In addition, further to the TSX Venture Exchange ("Exchange") bulletin dated June 7, 2010 and pursuant to the Corporation's news release dated June 8, 2010, effective immediately, trading in the shares of the Corporation is suspended for failure to maintain Exchange requirements of having less than three directors.
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.
Note: This press release contains forward-looking information and forward-looking statements within the meaning of Canadian provincial securities laws. These forward-looking statements include, among others, statements with respect to the timing and continuance of the CCAA protection, the uncertainty involved in the court proceedings, the restructuring process, potential opportunities for the restructured business and ongoing operation of certain of the Company's retail grocery outlets. The words "plan", "remain", "will", "continue", "seek", "pursue", ""opportunity", "grow", "progress", variations of those words and other words and expressions which may be predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results of the restructuring to differ materially from those set forth in the forward-looking statements include: general economic conditions; demand for the Company's products; unforeseen administrative, legal, operational or production issues; cost of materials; sales and marketing performance; and, other risks detailed from time to time in the documents filed by the Company with the securities regulators in Canada. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE PLANET ORGANIC HEALTH CORP.
For further information: For further information: Please refer to Deloitte & Touche Inc.'s website for access to court documents: www.deloitte.com/ca/planet-organic