Corporation Gold Treegenic

March 25, 2013 10:38 ET

Corporation Gold Treegenic Obtains Revocation of Cease Trade Orders

MONTRÉAL, CANADA--(Marketwire - March 25, 2013) - Corporation Gold Treegenic ("Treegenic" or the "Corporation"), an early stage mineral exploration company, is pleased to announce that the Autorité des marchés financiers has granted a full revocation (the "Revocation") of the cease trade orders previously filed against Treegenic (the "CTOs").

The CTOs were imposed for Treegenic's failure to file certain annual audited financial statements, annual management's discussion and analysis, and certification of annual filings.

The Corporation has now filed on SEDAR all its audited annual financial statements and annual management discussion and analysis for the financial years ending December 31, 2005, 2006, 2007, 2008, 2009, 2010 and 2011, and all its unaudited interim financial statements and interim management discussion and analysis for the March 31 2010 to September 30, 2012 periods.

Treegenic applied to have the CTOs revoked more than 12 months ago and its interim management and directorship invested significant time and effort in order for the Corporation to comply with its continuous disclosure requirements following a long period of inactivity. During the process, Treegenic has continued to pursue business opportunities and seeks new assets which would allow the Corporation to complete its reorganization as an early stage mineral exploration company.

Treegenic re-iterates its intention to pursue its activities and to continue its mission of becoming an early stage mineral exploration company through the acquisition, exploration and development of high potential exploration assets. The Corporation has been in discussion regarding the acquisition of certain assets and, now that the Revocation has been granted, should be in a position to secure assets in a near future.

The Corporation intends to issue further news releases as warranted by the progress of its various projects and its ability to enter into material contracts.

The Corporation will hold an annual and special meeting of shareholders in May 2013 (the "Meeting") to request shareholders' approval, without limitation, for the following items:

  1. Election of the Corporations directors;
  2. Appointment of the Corporation's auditors;
  3. Change of the Corporation's name to Tip Resources Corporation;
  4. Consolidation of the Corporation's issued and outstanding share capital; and
  5. Authorization to appoint additional directors in certain circumstances.

For more information on the Meeting, an information circular (the "Circular") will be mailed to the Corporation's shareholders in connection with the Meeting and will be available for consultation on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com.

Change of Corporate Name and Share Consolidation

Now that the Revocation has been obtained, the Corporation plans to proceed with the change of its corporate name and the consolidation of its share capital. The Corporation, subject to obtaining shareholders' approval at the Meeting, will advise its shareholders and the public in general as soon as it is ready to proceed with such consolidation.

About Corporation Gold Treegenic

Treegenic is an early stage mineral exploration company that is mainly focused on the acquisition, exploration and development of mining properties. However, the Corporation currently has no assets other than cash.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favorable terms and those material factors and assumptions disclosed in other public filings of the Corporation.

While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Corporation's filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Corporation to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Corporation's public filings under applicable Canadian securities laws are available at www.sedar.com. The Corporation further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.

Contact Information

  • Andre Brosseau
    President and Secretary
    514-395-1918