Nuinsco Resources Limited Files Financial Statements, Announces Revocation of Cease Trade Order
Toronto, Ontario (FSCwire) - Nuinsco Resources Ltd. (“Nuinsco” or “the Company”) today announced that it has filed on SEDAR its audited financial statements for the year ended December 31, 2015 and management’s discussion and analysis relating to the audited financial statements for the year ended December 31, 2015, its unaudited interim financial statements relating to the first quarter of 2016 ended March 31, 2016 and management’s discussion and analysis relating to the first quarter of 2016 ended March 31, 2016, and certification of these filings as required by National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings.
As a result of completing these filings the cease trade order (“CTO”) against the Company issued by the Ontario Securities Commission on May 5, 2016 has been revoked. The completion of these filings and revocation of the CTO are the first steps toward refinancing Nuinsco and listing the Company’s shares on a Canadian stock exchange.
About Nuinsco Resources Limited
Nuinsco is a growth-oriented, multi-commodity mineral exploration company that is focused on mineralized belts in Canada and internationally. In addition to its property holdings in Ontario, Saskatchewan and Turkey, Nuinsco owns a participating interest in the cash flows of Victory Nickel Inc. (CSE:NI) and a 7.5% interest in CBay Minerals Inc., a private company that is a dominant player in Quebec’s Chibougamau mining camp with assets including a permitted mill and tailings facility, eight past-producing copper/gold mines and a 38,850 hectare land position.
| Nuinsco Resources | |
| Paul Jones, Sean Stokes | |
| Phone: 416.626.0470 | |
| Fax: 416.626.0890 | |
| Email: admin@nuinsco.ca |
Please visit the Company’s website at www.nuinsco.ca.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements." All statements, other than statements of historic fact, that address activities, events or developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Nuinsco to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Nuinsco. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world copper and/or gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain tenure to properties and/or necessary permits and approvals, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Nuinsco disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Nuinsco believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/nuisco08052016.pdf
Source: Nuinsco Resources Ltd. (OTC Pink:NWIFF:US)
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