MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) announces that
it anticipates a delay in the filing of its audited annual financial statements
for the year ended January 31, 2012 ("Financial Statements"), and the related
management's discussion and analysis of those financial statements ("MD&A"),
which are due on May 30, 2012. The delay is due to a delay in the completion of
the audit of the Financial Statements, which is currently in its final stages.


MBMI anticipates that the Financial Statements and MD&A will be filed on or
before June 10, 2012.


Due to the anticipated delay in filing, MBMI has requested that the British
Columbia Securities Commission (the "BCSC"), its principal regulator, issue a
management cease trade order ("MCTO") prohibiting trading in securities of MBMI
by the Chief Executive Officer, Chief Financial Officer, and, potentially,
members of the board of directors of MBMI. The MCTO, if granted, is anticipated
to be in place until the default is remedied. MBMI acknowledges that the BCSC
may impose an issuer cease trade order restricting all trading in the securities
of MBMI if the MCTO is in place and the default is not remedied by July 31,
2012.


MBMI confirms that it intends to satisfy the provisions of the CSA Regulator's
alternate information guidelines (as described in National Policy 12-203 Cease
Trade Orders for Continuous Disclosure Defaults) so long as it remains in
default of its Financial Statement and MD&A filing requirements.


Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the
future performance of the Company. Forward-looking statements, specifically
those concerning future performance, are subject to certain risks and
uncertainties, and actual results may differ materially from the Company's plans
and expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the filings made by the Company with
the TSX Venture Exchange and securities regulators. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise.


Mbmi Resources Inc. (TSXV:MBR)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Mbmi Resources Inc. Charts.
Mbmi Resources Inc. (TSXV:MBR)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Mbmi Resources Inc. Charts.