Toronto, Ontario--(Newsfile Corp. - August 30, 2013) - Sunset Cove Mining Inc. (TSXV: SSM) (BVL: SSM) ("Sunset Cove Mining" or the "Corporation") announces that the Corporation's financial statements for the year ending March 31, 2013 have been completed and have been submitted to the company management and audit committee. We anticipate that they will be filed before the end of the day Tuesday, September 3, 2013. Immediately thereafter, the first quarter statements for the period ending June 30, 2013 will be filed.
Until Sunset Cove Mining completes the filing of the 2013 Annual Audited Financial Statements, Sunset will comply with the alternative information guidelines set out in National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require Sunset to issue bi-weekly default status reports by way of a news release so long as the 2013 Annual Audited Financial Statements have not been filed.
This action by the Corporation is intended to ensure that there is no inconvenience suffered by the shareholders of Sunset Cove Mining and the general investing public. The Corporation confirms that it is not the object of any proceedings under insolvency legislation and that there are no other material facts not generally disclosed.
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,
(877) 234-0692; ext. 250