Rocmec Provides Third Default Status Report
March 08 2013 - 4:36PM
Access Wire
Vaudreuil-Dorion (Quebec), March 8, 2013 - Rocmec Mining Inc.
(the "Corporation" or "Rocmec") (TSX-V Symbol: RMI), is providing
this third default status report (the "Default Status Report") in
accordance with Policy Statement 12-203 respecting Cease Trade
Orders for Continuous Disclosure Defaults ("Policy Statement
12-203"). On January 24 and 30, 2013, the Corporation announced
(the "Default Announcement") that, for the reasons disclosed in the
Default Announcement, the filing of the Corporation's annual
financial statements, accompanying management's discussion and
analysis and related CEO and CFO certifications for the financial
year ended September 30, 2012 (collectively, the "2012 Annual
Financial Documents") would not be completed by the prescribed
deadline set by the Canadian securities legislation, being January
28, 2013.
As a result of this delay in filing the 2012 Annual Financial
Documents, the Corporation's principal regulator, the Autorite des
marches financiers, granted a management cease trade order (the
"MCTO") to the Corporation. The MCTO restricts all trading in
securities of the Corporation, whether direct or indirect, by the
Chief Executive Officer, the Chief Financial Officer and the
directors of the Corporation until such time as the 2012 Annual
Financial Documents have been filed by the Corporation. The MCTO
does not affect the ability of shareholders who are not insiders of
the Corporation to trade their securities.
Rocmec wishes to announce that the audit of the annual financial
statements is almost finalized and that it expects to file the 2012
Annual Financial Documents on March 11, 2013.
Pursuant to the provisions of the alternative information
guidelines specified by Policy Statement 12-203, the Corporation
reports that since the second default status report of February 22,
2013, except as stated in this Default Status Report, there have
not been any material changes to the information contained therein;
nor any failure by the Corporation to fulfill its intentions as
stated therein with respect to satisfying the provisions of the
alternative information guidelines, and there are no additional
defaults or anticipated defaults subsequent to the disclosure
therein, other than the delay in filing the 2012 Annual Financial
Documents. Further, there are no additional material information
respecting the Corporation and its affairs that have not been
generally disclosed and there are no insolvency proceedings against
the Corporation as of the date of this Default Status Report.
Although the Corporation believes a further delay in filing the
2012 Annual Financial Documents is highly improbable, if for a
particular reason the filing of the 2012 Annual Financial Documents
is not completed according to plan, the Corporation will continue
to satisfy the provisions of the alternative information guidelines
specified by Policy Statement 12-203 by issuing bi-weekly default
status reports in the form of further press releases, which will
also be filed on SEDAR. If required, the Corporation will file its
next default status report on or about March 22, 2013.
Interim Financial Statements
The Corporation filed on February 27, 2013 its unaudited interim
consolidated financial statements and related management's
discussion and analysis for the three-month period ended December
31, 2012 (collectively, the "Interim Financial Documents").
Rocmec announces that the Interim Financial Documents will need
to be amended in order to take into account the annual audit and
the final version of the 2012 Annual Financial Documents. Such
amendments to the original Interim Financial Documents will not be
significant. Rocmec intends to file the amended and restated
Interim Financial Documents on the same date as the filing of the
2012 Annual Financial Documents.
Rocmec is active in the exploration and the development of gold
resources in Quebec and Peru. The Corporation holds a gold property
with resources recognised in accordance with NI43-101, a modular
treatment plant and also an exclusive license for the thermal
fragmentation mining method for exploiting narrow-vein ore
deposits.
The company's growth strategy is based on:
-The development of its gold deposits with the objective of
producing revenue from its operations;
-Increasing the value of its mining assets by prioritizing the
exploration targets; and
-The commercialisation and employment of its thermal
fragmentation technology.
For additional information:
John Stella, Investor relations(514)
718-7976jstella@rocmec.com
Andre Savard, President & CEO (450) 510-4442
asavard@rocmec.com
Neither 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 certain forward-looking
information. All statements included herein, other than statements
of historical fact, are forward-looking information and such
information involves various risks and uncertainties. There can be
no assurance that such information will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such information. A description of assumptions used
to develop such forward-looking information and a description of
risk factors that may cause actual results to differ materially
from forward-looking information can be found in Rocmec's
disclosure documents on the SEDAR website at www.sedar.com. Rocmec
does not undertake to update any forward looking information except
in accordance with applicable securities laws.
Corporation Miniere ROCMEC Mining Inc. 162 Saint-Charles Avenue,
Vaudreuil-Dorion (Quebec) J7V 2L1
Tel: (450) 510-4442 Fax: (450) 510-9901www.rocmec.com
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