/NOT FOR DISSEMINATION IN THE
UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
Trading Symbol: ELR (TSX); EPS (JSE)
VANCOUVER, June 12, 2017 /CNW/ - Further to its News
Release of May 30, 2017, Eastern
Platinum Limited ("Eastplats" or the "Company")
reports the Company's Audit Committee and auditors will meet
Tuesday June 13, 2017, and that its
auditors have indicated they will be in a position to complete
their internal processes shortly thereafter, which should then
allow the Company to file this week both its 2016 Audited
Consolidated Financial Statements and associated filings and
condensed interim consolidated financial statements for the period
ended March 31, 2017 and associated
Management's Discussion and Analysis (collectively, the "Q1
Filings"). In light of the delay in these filings, the Company also
anticipates that its Annual General Meeting will be held into its
third quarterly period.
The Company reports that, except as otherwise disclosed in the
Company's news releases of April 13,
May 2, May
12, May 16, May 30, 2017 and this news release, there have
been no material changes required to be disclosed under NP
12-203. The Company confirms there have been no failures by
it in fulfilling its stated intentions with respect to satisfying
the provisions of the alternative information guidelines under NP
12-203, and there has not been, nor, except with respect to the Q1
Filings, is there anticipated to be, any specified default
subsequent to the default announced in the Company's news release
of April 5, 2017.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains "forward-looking statements" or
"forward-looking information" (collectively referred to herein as
"forward-looking statements") within the meaning of
applicable securities legislation. Such forward-looking
statements include, without limitation, forecasts, estimates,
expectations and objectives for future operations and actions that
are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of the Company.
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"will", "plan", "intends", "may", "could", "expects", "anticipates"
and similar expressions. Further disclosure of the risks and
uncertainties facing the Company and other forward looking
statements are discussed in the Company's Annual Information Form
and Management's Discussion and Analysis which are available under
the Company's profile on www.sedar.com.
In particular, this press release contains forward-looking
statements pertaining to Eastplats' filing of the 2016 Annual
Financial Statements and associated filings, the completion of the
2016 audit work by the Auditor, the filing of Q1 Filings and the
timing of the Annual General Meeting. These forward-looking
statements are based on assumptions made by and information
currently available to the Company. Although management
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect. By
their very nature, forward-looking statements involve inherent
risks and uncertainties and readers are cautioned not to place
undue reliance on these statements as a number of factors could
cause actual results to differ materially from the beliefs, plans,
objectives, expectations, estimates and intentions expressed in
such forward-looking statements. These factors include, but
are not limited to, unfavourable changes in regulatory structures,
general risks associated with business, failure to complete the
audit in a timely manner, economic conditions, currency
fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.
The forward-looking statements in this press release are made as
of the date they are given and, except as required by applicable
securities laws, the Company disclaims any intention or obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein.
SOURCE Eastern Platinum Limited