Zaruma Resources Announces Revocation of Cease Trade Orders

TORONTO, Aug. 12 /CNW/ - Zaruma Resources Inc., (TSXV-ZMR.H), (the "Company") today announced that effective August 10 the Ontario Securities Commission and the British Columbia Securities Commission issued full revocations of the Cease Trade Orders issued on May 13 and May 18, 2010 respectively. The Cease Trade Orders had been issued as the Company failed to file its audited consolidated financial statements for the fiscal year ended December 31, 2009 (the "Annual Statements"), by April 30, 2010 as required by National Instrument 51-102 - Continuous Disclosure Obligations.

As previously announced, the Company has filed with Canadian securities regulatory authorities its Annual Statements for 2009 on June 30, 2010 and its interim financial statements for the three months ended March 31, 2010, and the related management's discussion and analyses on July 13, 2010. These filings can be found at www.sedar.com.

TSX Venture Exchange-NEX Board has advised that trading in the Company's shares will be reinstated effective at the opening on August 16, 2010.

Zaruma Resources Inc. is a pre-production stage company listed on the TSX-V NEX Board (symbol ZMR.H) and the Frankfurt Stock Exchange (symbol: ZMR). Common shares currently outstanding 117,608,747.

Neither TSXVenture 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.

SOURCE ZARUMA RESOURCES INC.

For further information: For further information: Zaruma Resources Inc., 20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada, Fax: 416 367 3638, service@zaruma.com, www.zaruma.com, Dr. Thomas Utter, President and CEO, Tel: +1 521 662 222 0063, thomas.utter@gmx.net; Frank van de Water, CFO and Secretary, Tel.: 416 869 0772, fvandewater@on.aibn.com

Organization Profile

ZARUMA RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890