Toronto, Ontario--(Newsfile Corp. - June 10, 2013) - Argentium Resources Inc. (CNSX: AOK) ("Argentium" or the "Company") provides its third bi-weekly default status report under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").
On April 29, 2013, the Company announced that the filing of its 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") would not be filed by the required filing deadline of April 30, 2013.
As a result of this delay in filing the Annual Financial Filings and the application by the Company for a management cease trade order (a "MCTO"), the Ontario Securities Commission (the "OSC") issued a MCTO, which imposes certain restrictions on the trading of securities by insiders of the Company until the Company files the Annual Financial Filings. The MCTO will not affect the ability of persons who are not insiders or employees of the Company to trade their securities.
Pursuant to the provisions of the alternative information guidelines set forth in NP 12-203, the Company reports that, since the issuance of its default announcement on April 29, 2013, except as set forth in this default status report, there have not been any material changes to the information contained therein, nor any failure by the Company to fulfill its intentions as stated therein with respect to satisfying the provisions of the alternative information guidelines and there are no additional defaults or anticipated defaults subsequent to the disclosure therein, other than the delay in filing the Annual Financial Filings. Further, there is no additional material information respecting the Company and its affairs that has not been generally disclosed.
The Company continues to anticipate that the audit work will be complete, and that it will be in a position to file the Annual Financial Filings, on or before June 14, 2013.
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.
