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Rusoro Mining Ltd Announces Delay In Filing Annual Financial Statements


Tuesday, 21 May 2013 06:40pm EDT 

Rusoro Mining Ltd announced that filing of its annual financial statements for the year ended December 31, 2012 has been delayed, pending the issuance of an unqualified opinion by the Company's auditors. As a result, the Company understands that a cease trade order will be issued by the British Columbia Securities Commission at the close of business on May 21, 2013. As a result of the nationalization of the Company's ongoing operations and assets in Venezuela, the auditor was unable to obtain sufficient verification of the Company's ongoing liabilities in Venezuela to issue an unqualified opinion prior to the April 30, 2013 filing deadline. The Company is presently working with the auditor to obtain confirmations from the outstanding creditors of the Company's Venezuelan subsidiaries following which the auditor anticipates being able to issue an unqualified opinion. 

Company Quote

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25 Jul 2014