Toronto, Ontario--(Newsfile Corp. - April 29, 2013) - Argentium Resources Inc. (CNSX: AOK) ("Argentium" or the "Company") announced today that the filing of the Company''s audited annual financial statements for the year ended December 31, 2012, 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 April 30, 2013 (the "Filing Deadline").
As a result of difficult market conditions that are currently being experienced by junior mining companies generally, certain financing arrangements that management of the Issuer believed would be available to the Issuer were ultimately not available. Previously, the Issuer has had insufficient funds to pay its auditors to complete the audit required in connection with the Annual Financial Filings. Argentium has now made financing arrangements, which are believed by management to be sufficient to enable the completion of the required audit work.
The Company''s management is working diligently to complete the Unfiled Documents to permit the Company''s auditors to complete the required audit work. The Company anticipates that the audit work will be complete, and that it will be in a position to file the Unfiled Documents, on or before June 14, 2013.
The Company will be applying to the applicable securities regulatory authorities for a management cease trade order which imposes restrictions on trading in securities of the Company by the Company''s Chief Executive Officer and Chief Financial Officer. The management cease trade order would be in effect until the Annual Financial Filings are filed. Until the Annual Financial Filings are filed, the Company will provide information in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults.
About Argentium Resources Inc.
Argentium pursues silver mining exploration, development and production opportunities within North America and other international jurisdictions. Argentium''s project pipeline consists of a balance of high-potential pre-feasibility and early stage exploration properties. Argentium''s goal is to start generating cash flow with highly potential projects which can be used to finance further expansion of resources and exploration of other, untested, high-grade targets. Argentium is well-positioned for sustained growth and performance with a fundamental commitment to both sustainable growth for shareholders and to the environment.
Cautionary Statements
This press release contains forward-looking statements which reflect Argentium''s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Argentium disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.
For further information, please contact:
John Carter
Chief Executive Officer
Argentium Resources Inc.
Tel: 905-302-3843
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
