Montan Announces Late Filing of Annual Financial Statements and Management Cease Trade Order
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MONTAN ANNOUNCES LATE FILING OF ANNUAL
FINANCIAL STATEMENTS AND MANAGEMENT CEASE TRADE ORDER
Vancouver, B.C., November 29 , 201 7 – Montan Mining Corp. (TSXv: MNY) (FSE: S5GM) (the
“Company” or “Montan”) announced today that as a result of delays in completion of its audit , the
Company has not filed its annual financial statements and accompanying management ’s discussion and
analysis for the fiscal year ended July 31, 2017 (the "Annual Filings") by November 28, 2017, being the
date that such filings are due under applicable Canadian securities law requirements. The Company has
applied for, and has been granted, a management cease trade order (the "MCTO") by the Briti sh Columbia
Securities Commission.
The Company currently expects to file the Annual Filings on or before December 15, 2017 and will issue
a news release announcing completion of such filings at such time. Until the Company files the Annual
Filings, it wi ll comply with the alternative information guidelines set out in National Policy 12 -203 –
Management Cease Trade Order for issuers who have failed to comply with a specified continuous
disclosure requirement within the times prescribed by applicable securi ties laws. The guidelines, among
other things, require the Company to issue bi -weekly default status reports by way of a news release so
long as the Annual Filings have not been filed.
During the MCTO, the general investing public will continue to be able to trade in the Company's listed
common shares. However, the Company's chief executive officer and chief financial officer will not be
able to trade in the Company's shares.
About Montan Mining Corp.
Montan Mining Corp. is an emerging gold producer focusing on monetizing mining assets in Peru. The
company is backed by an experienced management team with diverse technical, market, and finance
expertise and is supported by committed and sophisticated investors focused on building long term value
for shareholders.
For more information, please visit the corporate website at http://www.montanmining.ca or contact:
Investor Contact:
Luis F. Zapata
Executive Chairman
Tel: +1.604.358.1382
Email: [email protected]
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NEITHER THE 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 NEWS RELEASE.
Forward-Looking Statements: Certain statements in this press release are forward -looking statements within the meaning of
applicable securities laws. Forward -looking statements in this press release include that we will purchase the Peruvian company
Kairos Capital Peru S.A.C (“Kairos”) and M&S Transportes y Servicios Generales S.R.L (“Mirador”) from Pacific Alliance, or t hat
the company is assured of TSX Venture Exchange approval for its acquisition; and the implication that cash flo w at Mirador will
continue to increase. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or industry results, to be materially different f rom any future results,
performance or achievements expressed or implied by such forward -looking statement. Specific risks included that we may not be able
to secure sufficient mineral feed stock of appropriate grades, we may not be able to attract or reta in key employees necessary for our
operations, we may not be able to finance operations, we may not be able to sustain recoveries that ensure profitability, and we may
not be able to locate or negotiate transactions which result in growth of our business. We may not be able to become profitable even if
we are producing and milling to capacity, profitability depends on revenues and expenses which are not completely controllabl e; we
may not be able to secure mineral feed from other miners; and we may not be a ble to restart production because of technical or
expense issues. Readers are cautioned to review the risk factors of junior mining companies which apply equally to our compan y, and
to our management discussion and analysis as filed on SEDAR. Other than as required by law, we assume no obligation to update
these forward looking statements.