DOT Resources Ltd.
TSX VENTURE : DOT.H
NEX BOARD : DOT.H

DOT Resources Ltd.

August 19, 2015 16:05 ET

DOT Announces the Transfer of the Listing of its Shares to NEX

CALGARY, ALBERTA--(Marketwired - Aug. 19, 2015) - DOT Resources Ltd. (NEX:DOT.H) ("DOT" or the "Corporation") announces that the Corporation received notice from the TSX Venture Exchange Inc. ("TSX-V") that the shares of the Corporation were transferred to the NEX Board ("NEX") effective August 18, 2015.

NEX is a separate board of the TSX-V for companies previously listed on the TSX-V or the Toronto Stock Exchange which have failed to maintain compliance with the ongoing financial listing standards of those markets.

On May 6, 2015 the Alberta Securities Commission issued a cease trade order of the Corporation's shares as the Corporation was unable to file its annual audited financial statements, management's discussion and analysis and CEO and CFO certificates (collectively, the "2014 Annual Audited Financial Statements") by the filing deadline of April 30, 2015 as prescribed by National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102"). As DOT has not yet been able to complete its requirements under NI 51-102, the Corporation will continue to be subject to the cease trade order on NEX as well.

Don McKechnie, DOT's Chief Financial Officer reported, "DOT continues its negotiations with a number of potential investors and remains positive that a financing will be completed allowing the Corporation to complete its 2014 Annual Audited Financial Statements and related filing requirements to enable the resumption of trading of DOT's shares on NEX and subsequently will seek to resume its listing on the TSX-V.

ABOUT DOT

DOT is a Canadian corporation currently focused on the exploration and development of its copper property in south central British Columbia and advancing its involvement of the recently announced mineral concession in Paraguay. The Corporation's website can be accessed at www.dotresourcesltd.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, finalizing the financings detailed herein, resumption of trading on NEX or the TSX Venture Exchange Inc., and other factors and events described in this news release should be viewed as forward-looking statements to the extent that they involve estimates thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks including, finalizing the financing detailed herein; political, social and other risks inherent in carrying on business in a foreign jurisdiction and such other business risks as discussed herein and other publicly filed disclosure documents. There is no assurance the financing outlined above will close on such terms, or at all nor is there assurance that the Corporation's shares will resume trading on NEX or the TSX Venture Exchange Inc. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

Contact Information

  • John J. Komarnicki
    Chairman and Chief Executive Officer
    +1 (403) 606-2120

    Donald D. McKechnie
    Chief Financial Officer
    +1 (403) 561-6221