Pacific Rim Cobalt Corp. Provides Bi-Weekly Status Update Regarding Management Cease Trade Order
Pacific Rim Cobalt Corp. Provides Bi‐Weekly Status Update Regarding Management Cease Trade Order
June 13, 2019 – Vancouver, BC: Pacific Rim Cobalt Corp. (the “Company” or “Pacific Rim”) announces that
further to its application for a Management Cease Trade Order ( “MCTO”), which was granted on May 2,
2019, the Company is required to provide bi‐weekly status reports in accordance with the alternative
information guidelines in National Policy 12‐203 (the “ Guidelines”), until such time as the Company has
completed and filed its audited annual financial statements and management’s discussion and analysis in
respect of the financial year ended December 31, 2018 (the “Annual Report”).
Further to the Company’s announcement of May 30, 2019, due to t he same integration issues causing a
delay in completing and filing the Annual Report, the Company’s unaudited financial statements for the
three months ended March 31, 2019, and management’s discussion and analysis in respect thereof (the
“Q1 Report”), were not completed and filed on or before May 30, 2019 (the “Q1 Default”).The Company
reports that, since its May 2, 2019 default announcement in res pect of the MCTO (the “ Default
Announcement”), there has not been any failure by the Company to fulfill it s intentions with respect to
satisfying the provisions of the Guidelines, and there have been no additional defaults subsequent to such
announcement other than the Q1 Default.
Company management and its auditors have established a strategy and procedure for completion of
Annual Report and Q1 Report including details of the Company’s newly acquired Indonesian subsidiary,
and will provide an estimate as to the anticipated completion t imeframe as soon as possible. The
Company’s administrative team in Jakarta, Indonesia is assistin g with compiling all books and records of
newly acquired subsidiary.
There has been no additional material information concerning th e Company and its affairs since its
Default Announcement that has not been disclosed.
On behalf of the Board of Directors,
Pacific Rim Cobalt Corp.
“Ranjeet Sundher”
Ranjeet Sundher
CEO and Director
About Pacific Rim Cobalt Corp.
Pacific Rim Cobalt is a Canadian‐based exploration company focu sed on the acquisition and development
of production grade nickel and cobalt deposits, key raw materia l i n p u t s f o r t h e g r o w i n g l i t h i u m ‐ i o n
battery industry. Visit https://pacificrimcobalt.com/ to find out more.
Pacific Rim Cobalt Corp.
Ranjeet Sundher – President and CEO
(604) 922‐8272
Steve Vanry – CFO & Director
(604) 922‐8272
Sean Bromley – Director & Investor Contact
(778) 985‐8934
Reader Advisory
This news release may contain statements which constitute “forw ard‐looking information” that are
subject to risks and uncertainties. All statements herein, othe r than statements of historical fact, are to be
considered forward‐looking, including statements regarding the plans, intentions, beliefs and current
expectations of the Company, its directors, or its officers wit h respect to the future business activities of
the Company and with respect to the results of exploration and prospective plans in regards to the Cyclops
project. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”,
“ e x p e c t ” a n d s i m i l a r e x p r e s s i o n s , a s t h e y r e l a t e t o t h e C o m p a n y, or its management, are intended to
identify such forward‐looking statements. Although the Company believes the expectations expressed in
such forward‐looking information are based on reasonable assump tions, such information is not a
guarantee of future performance and actual results or developments may differ materially from those
contained in forward‐looking information. Information provided in this document is necessarily
summarized and may not contain all available material informati on. Although Pacific Rim has attempted
to identify important factors that could cause actual results, performance or achievements to differ
materially from those contained in the forward‐looking statemen ts, there can be other factors that cause
results, performance or achievements not to be as anticipated, estimated or intended. Factors that could
cause actual results to differ materially from those in forward‐looking information include, but are not
limited to, fluctuations in marke t prices, success of the opera tions of the Company, continued availability
of capital and financing and general economic, market or business conditions. There can be no assurances
that such information will prove accurate and, therefore, readers should not place undue reliance on
forward‐looking statements. The forward‐looking statements in t his news release are made as of the date
of this news release, and the Company does not assume any obligation to update any forward‐looking
information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Ser vices Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.