Silk Road Energy Inc.
TSX VENTURE : SLK.P

February 05, 2015 13:58 ET

Silk Road Energy Inc. Announces Suspension of Trading

CALGARY, ALBERTA--(Marketwired - Feb. 5, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Silk Road Energy Inc. (the "Corporation" or "Silk Road") (TSX VENTURE:SLK.P) announces that the TSX Venture Exchange (the "Exchange") suspended trading in the Corporation's shares on February 2, 2015 as a result of a cease trade order (the "Order") issued by the Alberta Securities Commission on February 2, 2015. The Order was issued due to the Corporation's inability to file, pursuant to the requirements of National Instrument 51-101 - Standards of Disclosure For Oil and Gas Activities: Form 51-101F1 - Statement of Reserves Data and Other Oil and Gas Information; Form 51-101F2 - Report on Reserves Data by Independent Qualified Reserves Evaluator or Auditor, and Form 51-101F3 - Report of Management and Directors on Oil and Gas Disclosure (collectively, the "Reserves Disclosure") by the filing deadline of January 28, 2015. The Corporation is currently working on preparing its Reserves Disclosure. Reinstatement to trading can occur only when the Order is revoked and the Exchange has concluded its reinstatement review to ensure the Corporation has satisfactorily complied with Exchange requirements.

The TSXV has neither approved nor disapproved the contents of this press release.

Neither TSXV Venture Exchange Inc. nor its Regulations Services Provided (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Silk Road Energy Inc.
    Zulfikar Rashid
    Director
    (403) 240-1821