Lund Announces Intention to Terminate SEC Reporting
20 Outubro 2008 - 8:17PM
Marketwired
Lund Gold Ltd. (TSX VENTURE: LGD) ("Lund") today announced its
intention to file a Form 15F with the United States Securities and
Exchange Commission ("SEC"), in order to voluntarily terminate the
registration of its common shares under the Securities Exchange Act
of 1934, as amended (the "Exchange Act"). Lund expects that
termination of the registration of its common shares will become
effective 90 days after the date of filing of the Form 15F with the
Securities and Exchange Commission (the "SEC"). However, as a
result of the filing of a Form 15F, Lund's obligation to file
certain reports with the SEC will be immediately suspended.
Under SEC rules, a foreign private issuer such as Lund may
deregister a class of its securities under the Exchange Act, and
terminate the associated reporting obligations, if, among other
conditions, that class of securities is held of record by fewer
than 300 persons worldwide or less than 300 persons resident in the
United States.
Lund believes that the costs associated with continuing the
registration of its common shares under the Exchange Act, in
particular the costs associated with complying with the
requirements of the Sarbanes-Oxley Act, outweigh the benefits
received by Lund from maintaining its registration.
Lund will continue to meet its Canadian continuous disclosure
obligations through filings with the applicable Canadian securities
regulators. All of Lund's filings can be found at the System for
Electronic Document Analysis and Retrieval (SEDAR) at
www.sedar.com. Lund is currently up-to-date with all of its filings
in both Canada and the United States and is currently in full
compliance with the internal control and related provisions of
Canadian securities laws.
To find out more about Lund Gold Ltd. (TSX VENTURE: LGD), visit
our website at www.lundgold.com.
On behalf of the Board of Directors of LUND GOLD LTD.
Chet Idziszek, President
Cautionary Statement
This document contains "forward-looking statements" within the
meaning of applicable Canadian securities regulations. All
statements other than statements of historical fact herein,
including, without limitation, statements regarding our future
plans and objectives, are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and future events and
actual results could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from our expectations are disclosed in the
Company's documents filed from time to time via SEDAR with the
Canadian regulatory agencies to whose policies we are bound.
Forward-looking statements are based on the estimates and opinions
of management on the date the statements are made, and we do not
undertake any obligation to update forward-looking statements
should conditions or our estimates or opinions change.
Forward-looking statements are subject to risks, uncertainties and
other factors. Readers are advised not to place undue reliance on
forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
Contacts: Lund Gold Ltd. David Scott Investor Relations (604)
331-8772 (604) 331-8773 (FAX) Email: dscott@mine-tech.com Website:
www.lundgold.com
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