Alston Energy Inc. Announces Imposition of Cease Trade Order and Suspension of Trading of Common Shares
08 May 2014 - 7:53AM
PR Newswire (Canada)
CALGARY, May 7, 2014 /CNW/ - Alston Energy Inc.
("Alston" or the "Company") is advising that, further
to its press release of May 5, 2014,
it has received correspondence from the Alberta Securities
Commission (the "ASC") that it has cease traded the common
shares of the Company, which were trading on the facilities of the
TSX Venture Exchange ("TSXV"), as a result of the failure by
the Company to file audited annual financial statements and related
management's discussion and analysis for the period ended
December 31, 2013 together with the
related certification of filings under National Instrument 52-109 -
Certification of Disclosure in Issuers' Annual and Interim
Filings. The Company subsequently received correspondence from
the TSXV advising that the common shares of the Company were being
suspended from trading on the facilities of the TSXV as a result of
the cease trade order issued by the ASC.
The Company is currently subject to proceedings
before the Alberta Court of
Queen's Bench pursuant to the Company's Companies' Creditors
Arrangement Act (the "CCAA").
For additional information about Alston please
visit our website www.alstonenergy.ca or under the company profile
on SEDAR www.sedar.com.
Neither the TSX Venture 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 press release.
SOURCE Alston Energy Inc.
Copyright 2014 Canada NewsWire
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