|
Monday, June 08, 2009
MBMI Updates Status Of Year-End Financial Statement Delay
Vancouver, B.C., June 8, 2009 - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX
V: MBR) reports that further to the News Release dated June 1, 2009 (the
"Default Notice"), whereby management determined that the Company
would be delayed in filing its annual audited financial statements by the
June 1, 2009 filing deadline, the Company applied for, and has now
received, a Management Cease Trade Order pursuant to National Policy 12-203
Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").
The audit is currently well underway and the Company expects to be in a
position to file the 2008 audited financial statements, management's
discussion and analysis and CEO and CFO certificates on or about June 16,
2009.
Pursuant to the requirements of Section 4.4 of NP 12-203 - Alternative
Information Guidelines ("AIG"), the Company reports the
following:
i. There have been no material changes to the
information contained in the Default Notice and MBMI's Auditors are in
process of completing the Company's audit and the Company expects to file
its 2008 Annual Audited Financial Statements on or about June 16, 2009;
ii. There have been no failures with respect to the Company fulfilling its
stated intention of satisfying the requirements of the AIG;
iii. There has not been, nor is there anticipated to be, any specified
default subsequent to the default which is the subject of the Default
Notice; and,
iv. There is no other material information about the affairs of the Company
that has not otherwise been reported.
Corporate Profile
MBMI Resources Inc. is a Canadian-based mining company focused on the
exploration and development of nickel mineral properties in the
Philippines. MBMI and its Philippine partners have an interest in nine
nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares.
MBMI's objective is to become a major supplier of high-grade nickel
products to primary industrial consumers in Asia.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael T. Mason"
President and Director
Further Information
For further information relating to the Company or this release, please
refer to the Company's website at www.mbmiresources.com or contact Investor Relations at 1-877-399-1991
or mbr@mbmiresources.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 release.
This news release may contain forward-looking information including but not
limited to comments regarding the timing and content of upcoming
financings, work programs, geological interpretations, receipt of property
titles, potential mineral recovery processes, etc. Forward-looking
information includes disclosure regarding possible future events, or
conditions or results of operations that is based on assumptions about
future economic conditions and courses of action, and therefore, involves
inherent risks and uncertainties. Although management has a reasonable
basis for the conclusions drawn, actual results may differ materially from
those currently anticipated in such statements.
You can also
view this News Release on our website at:
http://www.mbmiresources.com/s/NewsReleases.asp?ReportID=351991
|