Sunset Cove Mining Inc.: Update
08.06.2016 | Newsfile
Montreal, June 8, 2016 - Today Sunset Cove Mining (TSXV: SSM) (the "Company") announces the British Columbia Securities Commission ("BCSC") on June 1st, 2016 had lifted the Cease Trade Order ("CTO") that had been in place since August 6, 2015 for not filing its 2015 Year End financials and subsequent continuous disclosure documents on time.As of June 1st the Company has now met all of its continuous disclosure reporting requirements and looks forward to having the Company's shares return to trading soon.
Mr. Lorne Woods, President and CEO of Sunset Cove would like to thank the shareholders for their support during these times. In addition Sunset Cove is proceeding with a small share for debt settlement with long time suppliers. Subject to the approval of the TSXV Exchange, these debts will be settled by the issuance of Common Shares at a price of $ 0.05 per share.
About Sunset Cove
Sunset Cove Mining Inc. is a dynamic Canadian junior mineral exploration and development company dedicated to driving shareholder value through the economical acquisition, exploration and development of strategic metals properties in to the point where they become attractive joint venture or acquisition targets. Sunset currently has four properties in its portfolio, the Lac Guéret West and North graphite properties; the La Pause and Lac des Vents Gold properties in Quebec.
Forward-Looking Statements
Some of the statements contained herein may be forward-looking statements that involve known and unknown risks and uncertainties. Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, and the uncertainty of access to additional capital. Sunset Cove disclaims any obligation to update any such forward-looking statements.
"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."
For further information, please contact:
Lorne Woods, President, Sunset Cove Mining
(877) 234-0692; ext. 250
lwoods@sunsetcovemining.com
www.sunsetcovemining.com