VANCOUVER,
May 10, 2013 /CNW/ - Stone Resources
Limited ("Stone Resources" or the "Company") (TSX-V:SRH) has
learned that its common shares are the subject of a cease trade
order issued by the British Columbia Securities Commission on
May 8, 2013 (the "Cease Trade
Order"). The Cease Trade Order results from a failure to file
audited comparative financial statements and management discussion
and analysis for the period ended December
31, 2012. The TSX Venture Exchange ("TSXV") has suspended
trading in the Company's securities.
TSXV has advised the Company that a failure to
have trading in the Company's securities resume within 90 days from
the date of the Cease Trade Order, and to otherwise satisfactorily
comply with TSXV listing requirements, will result in the transfer
of Stone Resources' securities after August
6, 2013 to NEX, a trading forum for listed companies that
have fallen below TSXV's ongoing listing standards.
The Company is working diligently to prepare the requisite
documents and will file them as soon as possible once they are
ready.
On behalf of the Board
Xin Kelei
Vice President
About Stone Resources Limited
Stone Resources Limited (TSX-V: SRH) is a company incorporated
in Bermuda and listed on the TSX
Venture Exchange in Canada. The
Company is involved with mineral resources exploration and
development.
Neither the TSX Venture 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.
SOURCE Stone Resources Limited