Rocmec Announces Filing of Audited Annual Financial Statements, Amended and Restated Interim Financial Statements and Relate...
March 11 2013 - 6:14PM
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Vaudreuil-Dorion (Quebec), March 11, 2013 - Rocmec Mining Inc.
(the "Corporation" or "Rocmec") (TSX-V Symbol: RMI), is providing
this 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. In addition, on March 8, 2013, the Corporation announced
that 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") would need to be amended in order to take
into account the annual audit and the final version of the 2012
Annual Financial Documents.
As a result of the delay in filing the 2012 Annual Financial
Documents, the Corporation's principal regulator, the Autorite des
marches financiers (the "AMF"), 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 its auditors have now completed
the audit of the annual financial statements. The 2012 Annual
Financial Documents and the amended and restated Interim Financial
Documents were filed with the applicable securities regulatory
authorities and are available on the SEDAR database at
www.sedar.com. Once the AMF has reviewed the filed documents, it is
expected that the MCTO will be lifted.
Pursuant to the provisions of the alternative information
guidelines specified by Policy Statement 12-203, the Corporation
reports that since the Default Announcement and subsequent default
status reports, 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.
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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