Pacific Copper Corp. Announces Cease Trade Order in British Columbia
March 15 2012 - 4:49PM
Marketwired
Pacific Copper Corp. (OTCBB:PPFP) announced that on March 8, 2012,
the Company received a cease trade order (the "CTO") from the
British Columbia Securities Commission (the "BCSC"), the effect of
which is limited to the Province of British Columbia.
By its terms, the CTO was issued by the BCSC for the Company's
failure to file: (i) comparative annual financial statements for
its financial year ended October 31, 2011 as required under Part 4
of National Instrument 51-102 Continuous Disclosure Obligations
("NI51-102") and section 5(b) of BCI 51-509; (ii) a Form 51-102F1
Management's Discussion and Analysis for the period ended October
31, 2011 as required under Part 5 of NI 51-102 and section 5(b) of
BCI 51-109; and (iii) a Form 51-102F2 Annual Information Form for
the year ended October 31, 2011 as required under section 5(c) of
BCI 51-509.
The Company is in the process of having such documentation filed
in the very near future in order to come into compliance with the
requirements of the BCSC.
FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" to the effect that certain events or
conditions "may" or "will" occur. Any estimate of potential
mineralized material is a forward looking statement.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made based upon
information available to management, and are subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking statements. These factors include the
inherent risks involved in the exploration and development of
mineral properties, the uncertainties involved in interpreting
drilling results and other ecological data, the uncertainties
related to third-party reports that have not been confirmed by
management or the Company, and other factors. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on
forward-looking statements.
Contacts: Pacific Copper Corp. 3040 N. Campbell Ave. #110
Tucson, AZ 85719 520-989-0021