Bucking Horse Energy Inc. Announces Delisting from TSX, Listing on NEX Board
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/15/13 -- Bucking Horse Energy Inc. (TSX: BUC), ("Bucking Horse"), announces that it will delist its common shares from the Toronto Stock Exchange effective April 16, 2013 and will list on the NEX Board of the TSX Venture Exchange effective April 17, 2013. Bucking Horse no longer meets Toronto Exchange minimum listing requirements after sale of all its producing oil and gas assets, which closed in February 2013. The Company has retained its undeveloped Pinedale oil and gas assets but has committed to its secured debentureholder creditors to sell the remaining assets.
A cease trade order was issued to the Company by the British Columbia Securities Commission on April 10, 2013 for failing to file the following documents within the required time period: Comparative Financial Statement December 31, 2012; Management's Discussion and Analysis December 31, 2012; and Annual Information Form December 31, 2012. The Company is working with its auditors to resolve outstanding issues with the goal of filing its audited financial statements within a reasonable time.
In addition, the Company's shares will be suspended from trading on NEX until the Company has met certain distribution and other requirements. The Company has a plan to resolve these issues after the cease trade order is rescinded.
The new symbol for Bucking Horse's shares on the NEX Board is "BUC.H".
The Company's board of directors now consists of Gordon Nielsen, Ray Deere and Michael Schoen. Gordon Nielsen is designated President, CEO, interim CFO and corporate secretary.
The Company has no current plans with respect to its future business after sale of its undeveloped Pinedale assets. Additional information on Bucking Horse Energy Inc. is available on the SEDAR website at .
On behalf of the Board of Directors:
Gordon Nielsen, President & CEO
Forward-Looking Information:
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward looking statements in this news release include the Company's anticipation that it will have the cease trade order rescinded and can resolve the NEX suspension. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of our auditors not providing an audit of our December 31, 2012 statements, our being unable to comply with regulatory requirements, and other factors, many of which are beyond the control of the Company.
The forward-looking statements contained in this news release represent the Company's expectations as of the date hereof, and are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
Contacts:
Bucking Horse Energy Inc.
Gordon Nielsen
President & CEO
604-331-3398
604-688-4712 (FAX)
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Datum: 15.04.2013 - 23:58 Uhr
Sprache: Deutsch
News-ID 249224
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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