Homeland Energy Group Provides Update on Outstanding Financial Statements and Change to Board of Directors
TORONTO, CANADA -- (Marketwired) -- 04/19/13 -- Homeland Energy Group Ltd. (TSX: HEG) ("Homeland" or the "Company") is pleased to announce that it has now filed its financial statements for the year ended December 31, 2012 along with its Management Discussion and Analysis for the year ended December 31, 2012 and its Annual Information Form for the year ended December 31, 2012 (the "Annual Filings"). The Company has been subject to a cease trade order as a result of its failure to file the Annual Filings by April 2, 2013. The cease trade orders will lapse effective April 22, 2013.
The Company also wishes to announce the resignation of Mr. Raaj Kumar from the board of directors following his retirement from the GMR Group. Mr. Kumar has been a director of the Company since June of 2009. The Company wishes to thank Mr. Kumar for his service and extend to him best wishes in his future endeavours. Mr. Ashis Basu, a former director of the Company, has been appointed to fill the vacancy created by the resignation of Mr. Kumar and Mr. Avinash Shah has assumed the role of Chairman of the Company.
Homeland Energy Group Ltd. (TSX: HEG) is a company seeking out interests in viable coal projects in South Africa and neighbouring countries as well as internationally. Homeland Energy Group Ltd. is currently traded on the Toronto Stock Exchange under the symbol "HEG" with 472,204,149 common shares issued and outstanding. www.homelandenergygroup.com
Contacts:
Homeland Energy Group Ltd.
Ajay Gupta
Chief Financial Officer
+1 416 506-1979
info@homelandenergygroup.com
www.homelandenergygroup.com