Vancouver, BC — January 30, 2018. Esrey Resources Ltd. (“Esrey” or the “Company”) announces that its annual financial statements for the year ended September 30, 2017, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the “Annual Financial Filings”) will not be filed by the required filing deadline of January 29, 2018.
The Annual Financial Filings will not be filed before the Filing Deadline due to the fact that the Company has a new Chief Financial Officer and a new audit team, and thus the audit process has been delayed as the parties gather information.
The Company is working on the steps required to complete the Annual Financial Filings and expects to be able to file the Annual Financial Filings by February 2, 2018. The Company will provide updates as further information relating to the Annual Financial Filings becomes available.
The Company has applied to the applicable securities regulatory authorities and received a management cease trade order related to the Company’s securities to be imposed against the Chief Executive Officer and Chief Financial Officer of the Company to trade securities of the Company. The management cease trade order will be in effect until the Annual Financial Filings are filed, and requires that the Annual Financial Filings be filed on or before March 29, 2018.
Until the Annual Financial Filings are filed, the Company intends to provide information in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.
On behalf of the Board of Directors,
David Cohen Chairman
For more information, please contact:
Investor Relations: 1-778-373-0103 Email: firstname.lastname@example.org
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