For Immediate Release. Vancouver, British Columbia, May 13, 2014. David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, the “Company”) reports that the Company became subject to a cease trade order by the British Columbia Securities Commission on May 9th for failure to file audited financial statements and accompanying Management Discussion and Analysis and other accompanying documents. The required filings were made yesterday, May 12th, and the cease trade order has been revoked by the BCSC.
The Company’s filings were late because of health and family issues suffered by the Company’s controller and bookkeeper. Now that the cease trade order has been revoked, the Company is making application to the TSX Venture Exchange to reinstate trading.
“Management regrets this unfortunate misstep with its filings,” said President and CEO David H. Brett. “However, despite challenging market conditions, we are optimistic about our portfolio of gold and base metal properties in BC. We also have renewed hope for our Quebec uranium assets in light of the recent election result, which brought to power what is seen by most as a government regime more favourable to mining.”
Pacific Bay Minerals Ltd.
David H. Brett, MBA,
President & CEO
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 release.