PACIFIC WILDCAT RESOURCES CORP.
Vancouver, BC, Canada: Pacific Wildcat Resources Corp. (TSXV-PAW) ("PAW" or the "Corporation") wishes to advise further to its news releases of April 1, 2015 and May 1, 2015 wherein the Company announced (the "Default Announcement"), that, for reasons disclosed in the Default Announcement, the filing of the Company's annual financial statements, CEO and CFO certifications and management discussion and analysis for the year ended December 31,
2014 (the "Annual Filings") would not be completed by the prescribed deadline of April 30,
2015. Additionally the Company further advised in its Default Status Report releases of May,
15, 29, and June 12, until the audit is completed, the Company is not in a position to finalize its unaudited financial statements for the three months ended March 31, 2015 and its related Management's Discussion and Analysis and Chief Executive Officer and Chief Financial Officer certifications (the "Interim Filings") due on June 1, 2015.
Pursuant to the Management Cease Trade Order ("MCTO") issued on May 1, 2015 by the British Colombia Securities Commission ("BCSC") the Company had until July 2, 2015 to complete the outstanding Annual Filings. As the Company requires additional time to complete the outstanding Annual and Interim Filings, and did not meet the July 2, 2015 deadline, on July 3, 2015 the BCSC issued a full Cease Trade Order ("CTO") pursuant to section 164(1) of the Act, and will remain ceased until such time as the Company has completed the outstanding Filings, and the Executive Director has revoked the CTO.
Accordingly, the TSX Venture Exchange (the "Exchange") pursuant to Policy 3.3 "Timely Disclosure" section 3.8(x), effective July 6, 2015, suspended trading in the Company's securities as a result of the CTO issued. A copy of the Exchange bulletin can be obtained from tmx.com.
Reinstatement to trading can occur only when the CTO is revoked by the Executive Director and the Exchange has concluded its reinstatement review to ensure the Company has satisfactorily complied with its requirements.
The Company advises it is working to complete the outstanding Filings in the near future and will apply for a Revocation Order to the Executive Director and upon receipt of same, is confident that it will complete the reinstatement review in full satisfaction of the Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Don O'Sullivan", President & CEO
Contact information:
Pacific Wildcat Resources Corp. Email: info@pacificwildcat.comTelephone: +1-250-768-0009
Pacific Wildcat Resources Corp. website: www.pacificwildcat.com
About Pacific Wildcat Resources Corp. - About Pacific Wildcat Resources Corp. - Pacific Wildcat is a TSX Venture Exchange listed Canadian mineral exploration company having the trading symbol "PAW". PAW owns
100% of Stirling Capital Ltd and Cortec Pty Ltd, two UK companies that between them own a 70% interest in Cortec Mining Kenya Limited, a Kenyan company which holds the Mrima Hill Niobium and Rare Earth Project in Kenya. In July 2013 the Company completed an updated independent Niobium Resource estimate for 47.8 million
tonnes at 0.66% Nb2O5 (Indicated Classification) plus 94.4 million tonnes at 0.73 % Nb2O5 (Inferred Classification) at a 0.2% Nb2O5 cut-off. In July 2013 the Company completed an inaugural independent Total Rare Earth Resource estimate for 48.7 million tonnes at 4.44% TREO (Indicated Classification) plus 110.7 million tonnes at
3.61 % TREO (Inferred Classification) at a 1% TREO cut-off. With the Mining Licenses revoked by the Cabinet Secretary, Ministry of Mines in 2013, the Company commenced legal action against the Cabinet Secretary, Ministry of Mines and others. Following an initial unsuccessful legal action the matter is now before the Kenyan Court of Appeal. For information about Pacific Wildcat Resources Corp. and its development and exploration activities shareholders and other interested parties are invited to visit the company's website at www.pacificwildcat.com. More information on the foregoing mineral resource estimates is included in the Company's news release dated July 29, 2013, titled "High Grade and Large Tonnage Niobium and Rare Earth Resource for Mrima Hill" and in the Technical Report dated September 1, 2013, titled "NI 43-101 Technical Report for the Mrima Hill Niobium and Rare Earth Project, Kwale District, Kenya", which is filed on www.sedar.comand the Company's website. Mr. Benjamin C. Pollard, principal geologist of BMGS Perth Pty Ltd, a qualified person (as defined in NI 43-101) has reviewed and approved the technical information contained in this news release.
Investors are cautioned that trading in the securities of Pacific Wildcat Resources Corp. should be considered highly speculative. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. 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. Cautionary note: This press release may contain forward looking statements on matters such as cash flow, capital expenditures, work programs, the estimation of mineral resources and the Company's plans with respect to the exploration and development of its projects and its investment plans regarding TSX Venture Exchange approval and the completion of financing activities. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and a number of factors, including regulatory matters, metals prices and, but not limited to, general economic factors. There can be no assurance that the Company will be able to obtain all the permits that are required in order to commence mining operations at the Mrima Hill Project.
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