TSX Venture: FWK
TORONTO,
Nov. 8, 2013 /CNW/ - Liuyang
Fireworks Limited (TSXV: FWK) ("Liuyang" or the "Company")
announces that the TSX Venture Exchange (the "Exchange") has
suspended trading in the Company's securities as a result of a
Cease Trade Order ("CTO") issued by the British Columbia Securities
Commission due to the Company's failure to file its audited annual
financial statements for the year ended June
30, 2013 (the "Annual Financial Statements") and its related
Management's Discussion and Analysis and Chief Executive Officer
and Chief Financial Officer certifications (the "2013 Annual
Filings") by the prescribed filing deadline under applicable
Canadian securities laws.
The Company's auditors are currently in the process of auditing
the Annual Financial Statements and the Company is working
diligently to facilitate this process. The Company
anticipates that it will file the 2013 Annual Filings on or before
November 15, 2013.
Reinstatement of trading can occur only when the CTO is revoked
and the Exchange has concluded its reinstatement review to ensure
the Company has satisfactorily complied with Exchange
requirements.
About Liuyang Fireworks Limited
Liuyang Fireworks Limited is a China-based manufacturer of fireworks.
The Company's products are sold both domestically in China as well as exported to more than 15
countries in North America,
South America and Europe. The Company has more than 17
years of experience in the fireworks industry and is a supplier to
the world's top five fireworks wholesalers and
retailers. Liuyang's ISO9001-certified manufacturing
facilities are located in the Liuyang area of Hunan, China.
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.
Certain information regarding the Company set
forth in this news release, including the filing of the Company's
2013 Annual Filings may constitute forward-looking statements under
applicable securities laws and necessarily involve substantial
known and unknown risks and uncertainties. The
forward-looking statements contained in this news release
represents the expectations of the Company as of the date of this
news release and, accordingly, are subject to change after such
date. Readers should not place undue importance on
forward-looking information and should not rely upon this
information as of any other date. While the Company may elect
to, it does not undertake to update this information at any
particular time except as required in accordance with applicable
securities legislation.
SOURCE Liuyang Fireworks Limited