Champion Bear Announces Filing of Financial Statements
Champion Bear Announces Filing of Financial
Statements
Calgary, Alberta--(Newsfile Corp. - July 17, 2020) -
Champion Bear Resources Ltd. (TSXV: CBA)
("
Champion Bear
" or the "
Company
") announces that it has filed its annual financial statements for the
fiscal year ended December 31, 2019 and the interim financials statements for the three months ended
March 31, 2020 (together, the "
Financial Statements
"), related management's discussion and analysis
(together, the "
MD&A
") and officer certificates on
www.sedar.com
, as required by applicable Canadian
securities laws. The Company previously announced that it would miss the filing deadline to file its
Financial Statements, the MD&A and the related officer certifications (collectively, the "
Filings
"). A
management cease trade order ("
MCTO
") was issued by the Alberta Securities Commission (the
"
ASC
"), effective as of June 16, 2020, in connection with the filing delay. Champion Bear is providing
this status update in accordance with National Policy 12-203 - Management Cease Trade Orders ("
NP
12-203
"). The Company confirms as of the date of this news release that there is no other material
information concerning the affairs of the Company that has not been generally disclosed. Upon the filing
of the Filings, the Company believes that it has satisfied the conditions of the ASC in order to have the
MCTO lifted. In the interim, management and other insiders of the Company continue to be subject to a
trading black-out policy as described, in principle, in section 9 of National Policy 11- 207 -
Failure to File
Cease Trade Orders and Revocations in Multiple Jurisdictions
.
About Champion Bear
Champion Bear is a mineral exploration company focused exclusively on the historically prospective
regions of Ontario. The Company's primary targets are platinum group metals, precious metals, and
polymetallic base metals deposits. Champion Bear's aim is to create shareholder value through
selective property acquisition followed by focused exploration emphasizing drilling. The Company has
assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares.
Additional information about Champion Bear can be found on the Company's website at
www.championbear.com and on SEDAR at
www.sedar.com
. For further information, please contact:
Richard D. Kantor, Chairman and President of Champion Bear at phone: (403) 229-9522.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain "forward-looking statements" under applicable Canadian securities
legislation including statements relating to being able to have the MCTO lifted. Forward-looking
statements are necessarily based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which
may cause the actual results and future events to differ materially from those expressed or implied by
such forward-looking statements. All statements that address future plans, activities, events, or
developments that the Company believes, expects or anticipates will or may occur are forward-looking
information, including statements regarding the potential development of resources and drilling plans
which may or may not occur. Forward-looking statements and information contained herein are based
on certain factors and assumptions regarding, among other things, the ability to have the MCTO lifted;
the market price of the Company's securities, metal prices, exchange rates, taxation, the estimation,
timing and amount of future exploration and development, capital and operating costs, the availability
of financing, the receipt of regulatory approvals, environmental risks, title disputes, litigation risks,
failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims
and limitations on insurance coverage and other risks of the mining industry, changes in national and
local government regulation of mining operations, and regulations and other matters including the
COVID-19 pandemic. There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company
disclaims any intention or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/60032