TORONTO, June 27, 2014 /CNW/ - Everfront Ventures Corp. ("Everfront") (TSX Venture: EVC.P) announces suspension of trading in the common shares of Everfront as a result of a temporary Cease Trade Order ("CTO") issued by the Ontario Securities Commission ("OSC") as principal regulator, and by the British Columbia Securities Commission ("BCSC") on June 9, 2014 for the late filing of Everfront's March 31, 2014 interim Financial Statements and Management's Discussion and Analysis.
Everfront lodged its Financial Statements and Management's Discussion and Analysis on SEDAR on June 11, 2014. As Everfront remedied the default in accordance with the terms of the CTO, the OSC CTO expired on June 23, 2014 and the BCSC revoked its CTO effective June 24, 2014.
Everfront has applied to the TSX Venture Exchange (the "Exchange") for reinstatement of trading of Everfront's shares and has been advised by the Exchange that the shares of Everfront are scheduled to be reinstated to trading effective the opening Wednesday, July 2, 2014.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Everfront is a capital pool company established pursuant to the policies of the Exchange which permits an initial public offering and a listing by a newly created company that has no assets, other than cash, and has not commenced commercial operations. The principal business of Everfront has been the identification and evaluation of assets with a view to completing a qualifying transaction.
SOURCE: Everfront Ventures Corp.
For further information: Joshua Gerstein at (416) 479-8623.