Running Fox Resource Corp.
TSX VENTURE : RUN
FRANKFURT : C8Q
PINK SHEETS : RFXRF

Running Fox Resource Corp.

April 18, 2007 20:53 ET

Running Fox Resource Corp.-Trent Moore Reports: Granted Request for Voluntary Management Cease Trade Order

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - Running Fox Resource Corp. (TSX VENTURE:RUN)(PINK SHEETS:RFXRF)(FRANKFURT:C8Q) -

The Alberta and British Columbia Securities Commissions have granted Running Fox Resource Corp.'s request for a voluntary management cease trade order (MCTO) in connection with the failure to file its Nov. 30, 2006, audited annual financial statements due to circumstances beyond its control. Under the terms of the MCTO, the company will provide biweekly update reports as to the completion of the audited financial statements.

As required by the ASC and BCSC, the notice of default issued under CSA Notice 57-301 is reprinted in its entirety as follows:



Running Fox Resource Corp. (the "Company")
Notice of Default
Per CSA Staff Notice 57-301


1. the reporting period(s) that the Company has not been able to file financial statements is for the period ending November 30, 2007;

2. the Company has not met its filing deadline due to the unavoidable illness of its Auditor, Mr. Gordon Gee, C.A., (Gordon K. W. Gee Ltd.);

3. the Company expects to file the financial statements on or before April 30, 2007;

4. May 30, 2007 is the date that is two months after the filing deadline and the securities commissions or regulators may impose an issuer cease trade order (CTO) if the financial statements are not filed by that time. An issuer CTO may be imposed sooner if the Company fails to file its Default Status Reports on time;

5. the Company intends to satisfy the provisions of Appendix B as long as it remains in default of the financial statement filing requirement;

6. the Company is not subject to any insolvency proceedings;

7. there is no other material information concerning the affairs of the Company that has not been generally disclosed.

Contact Information

  • Running Fox Resource Corp.
    Trent Moore
    VP
    (403) 742-0500
    Website: www.foxgold.ca