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| | January 31, 2006
East Asia Minerals Filing Financial Statements For The Fiscal Year Ended September 30, 2005 After Due Date
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| | VANCOUVER, B.C. -- January 31 -- East Asia Minerals Corporation (the "Company") will not be able to file its annual financial statements for the fiscal year ended September 30, 2005 and its MD&A by the filing deadline of January 28, 2006. The reason for the late filing relates to the coordination of accounting activities and records in Mongolia, the principal area of the Company's operations, Hong Kong, the Company's Asia office, and Vancouver, the Company's head office. The Company expects to file its financial statements on or before February 13, 2006.
Pending the filing of its annual audited financial statements and MD&A, the Company intends to satisfy the alternative information guidelines recommended by Canadian Securities Administrators ("CSA") Staff Notice 57-301. The Company has requested from the applicable Canadian securities regulators that a management cease trade order related to the Company's securities be imposed against some or all of the persons who have been directors, officers or insiders of the Company. If granted, such an order would not generally affect the ability of persons who have not been directors, officers or insiders of the Company to trade the Company's securities.
Canadian securities regulators may impose an order that all trading in securities of the Company cease, either permanently, or for such period as is specified in the order, if the Company does not file its audited annual financial statements and MD&A by March 28, 2006. The Company further acknowledges that an issuer cease trade order may be imposed prior to March 28, 2006 if the Company fails to file its bi-weekly Default Status Reports on time. The Company confirms that it intends to file the Default Status Reports, as required, until such time as the financial statements are filed.
The Company advises that there are no insolvency proceedings to which the Company is subject and there is no material information concerning the affairs of the Company that has not been generally disclosed.
FOR FURTHER INFORMATION, visit the Company's website at www.EastAsiaMinerals.com, or contact:
East Asia Minerals Corp.
Lyndon Bradish, President and CEO
Tel: +852 2719-1551 (Hong Kong)
Mobile +852 6103-9094
Fax: +852 2719-1664
E-mail: [email protected]
www.eastasiaminerals.com
CHF Investor Relations
Nick Kohlmann, M.Sc., Vice President
Tel: +1-416-868-1079 x222
Fax: +1-416-868-6198
Email: [email protected]
www.chfir.com
Should you wish to receive Company news via email, please email [email protected] and specify "EAS News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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