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Coalcorp announces filing of annual financials and delay in filing of first quarter interim financials
TORONTO, Dec. 16 /CNW/ - Coalcorp Mining Inc. ("Coalcorp" or the
"Company") (TSX-CCJ) announces that it filed today its audited annual
financial statements and related management discussion and analysis (MD&A)
for the financial year ended June 30, 2009 (the "Annual Financials"). A copy
of the Annual Financials is available on the SEDAR website at www.sedar.com
and the Company's website at www.coalcorp.ca. The Company remains delayed in
the filing of its 2009 Annual Information Form beyond its filing deadline of
September 28, 2009, as previously announced by the Company on September 16,
2009.
The Company is also delayed in the filing of its first quarter interim
financial statements, CEO and CFO certifications and related management
discussion and analysis (MD&A) for the three month period ended September 30,
2009 (the "First Quarter Interim Financials") beyond the filing deadline of
November 16, 2009. The Company is in the process of preparing the First
Quarter Interim Financials and expects to release those in the near term.
On October 19, 2009, the Ontario Securities Commission (the "OSC") issued
a management cease trade order related to the Company's securities against
the Chief Executive Officer of the Company with respect to the delayed filing
of the Annual Financials and 2009 Annual Information Form. The management
cease trade order will remain in effect for so long as the 2009 Annual
Information Form and First Quarter Interim Financials are not filed. The
issuance of such management cease trade order does not affect the ability of
persons to trade in their securities of Coalcorp, other than the Chief
Executive Officer. However, the OSC, in its discretion, may determine at a
later time that it would be appropriate to issue a general issuer cease trade
order affecting all of the Company's securities.
About Coalcorp
--------------
Coalcorp is a coal mining, exploration and development company with
interests in the La Francia coal mine and related infrastructure projects and
a number of coal exploration properties, all located in Colombia. Coalcorp
also holds a 60% equity interest in Carbones Colombianos del Cerrejon which
owns the La Caypa coal mine in Colombia. Further information can be obtained
by visiting our website at www.coalcorp.ca or under the Company's profile at
www.sedar.com.
Forward Looking Statements Disclaimer
-------------------------------------
Statements made in this news release may be forward-looking and therefore
subject to various risks and uncertainties. Certain material factors or
assumptions are applied in making forward-looking statements and actual
results may differ materially from those expressed or implied in such
statements. Coalcorp does not undertake to update any forward-looking
statements; such statements speak only as of the date made.
For further information: Joseph Belan, Interim Chief Executive Officer,
+57-1-658-5050 Ext: 9990, 1502 - 110 Yonge Street, Toronto, Ontario, M5C 1T4,
Telephone: (416) 603-4653, Fax: (416) 360-7783
TORONTO, Dec. 16 /CNW/ - Coalcorp Mining Inc. ("Coalcorp" or the
"Company") (TSX-CCJ) announces that it filed today its audited annual
financial statements and related management discussion and analysis (MD&A)
for the financial year ended June 30, 2009 (the "Annual Financials"). A copy
of the Annual Financials is available on the SEDAR website at www.sedar.com
and the Company's website at www.coalcorp.ca. The Company remains delayed in
the filing of its 2009 Annual Information Form beyond its filing deadline of
September 28, 2009, as previously announced by the Company on September 16,
2009.
The Company is also delayed in the filing of its first quarter interim
financial statements, CEO and CFO certifications and related management
discussion and analysis (MD&A) for the three month period ended September 30,
2009 (the "First Quarter Interim Financials") beyond the filing deadline of
November 16, 2009. The Company is in the process of preparing the First
Quarter Interim Financials and expects to release those in the near term.
On October 19, 2009, the Ontario Securities Commission (the "OSC") issued
a management cease trade order related to the Company's securities against
the Chief Executive Officer of the Company with respect to the delayed filing
of the Annual Financials and 2009 Annual Information Form. The management
cease trade order will remain in effect for so long as the 2009 Annual
Information Form and First Quarter Interim Financials are not filed. The
issuance of such management cease trade order does not affect the ability of
persons to trade in their securities of Coalcorp, other than the Chief
Executive Officer. However, the OSC, in its discretion, may determine at a
later time that it would be appropriate to issue a general issuer cease trade
order affecting all of the Company's securities.
About Coalcorp
--------------
Coalcorp is a coal mining, exploration and development company with
interests in the La Francia coal mine and related infrastructure projects and
a number of coal exploration properties, all located in Colombia. Coalcorp
also holds a 60% equity interest in Carbones Colombianos del Cerrejon which
owns the La Caypa coal mine in Colombia. Further information can be obtained
by visiting our website at www.coalcorp.ca or under the Company's profile at
www.sedar.com.
Forward Looking Statements Disclaimer
-------------------------------------
Statements made in this news release may be forward-looking and therefore
subject to various risks and uncertainties. Certain material factors or
assumptions are applied in making forward-looking statements and actual
results may differ materially from those expressed or implied in such
statements. Coalcorp does not undertake to update any forward-looking
statements; such statements speak only as of the date made.
For further information: Joseph Belan, Interim Chief Executive Officer,
+57-1-658-5050 Ext: 9990, 1502 - 110 Yonge Street, Toronto, Ontario, M5C 1T4,
Telephone: (416) 603-4653, Fax: (416) 360-7783
