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