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Post by Franko10 ™ on Jan 12, 2005 19:04:30 GMT -5
U.S. Canadian Minerals Inc. Announces Continuing Investigation by SEC
via COMTEX
January 12, 2005
LAS VEGAS, Jan 12, 2005 (BUSINESS WIRE) --
U.S. Canadian Minerals Inc. (Pink Sheets: USCA) announced today that on Oct. 27, 2004, the United States Securities and Exchange Commission ("SEC") entered a formal order directing the investigation of U.S. Canadian Minerals Inc. (the "company") by the staff of the SEC. Pursuant to that formal order, the SEC staff commenced an investigation of the company and issued subpoenas to the company, its officers and directors, and others having relationships with the company, which subpoenas required the production of documents and the giving of testimony. The company and its officers and directors have produced documents and given testimony in cooperation with the investigation and intend to continue to cooperate fully in the future. As this investigation continues, the company welcomes the opportunity to answer any inquiries the staff of the SEC may have. As previously disclosed, on Oct. 28, 2004, the SEC announced the temporary suspension of trading in the company's securities. The suspension expired by its terms at 11:59 p.m. on Nov. 10, 2004. The SEC stated that the suspension was because of questions that had been raised about the accuracy of publicly disseminated information concerning among other things, the company's financing and mining activities and the value of the company's purported assets.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc., Las Vegas R. Williams, 702-433-8223
Copyright (C) 2005 Business Wire. All rights reserved.
via COMTEX
January 12, 2005
LAS VEGAS, Jan 12, 2005 (BUSINESS WIRE) --
U.S. Canadian Minerals Inc. (Pink Sheets: USCA) announced today that on Oct. 27, 2004, the United States Securities and Exchange Commission ("SEC") entered a formal order directing the investigation of U.S. Canadian Minerals Inc. (the "company") by the staff of the SEC. Pursuant to that formal order, the SEC staff commenced an investigation of the company and issued subpoenas to the company, its officers and directors, and others having relationships with the company, which subpoenas required the production of documents and the giving of testimony. The company and its officers and directors have produced documents and given testimony in cooperation with the investigation and intend to continue to cooperate fully in the future. As this investigation continues, the company welcomes the opportunity to answer any inquiries the staff of the SEC may have. As previously disclosed, on Oct. 28, 2004, the SEC announced the temporary suspension of trading in the company's securities. The suspension expired by its terms at 11:59 p.m. on Nov. 10, 2004. The SEC stated that the suspension was because of questions that had been raised about the accuracy of publicly disseminated information concerning among other things, the company's financing and mining activities and the value of the company's purported assets.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc., Las Vegas R. Williams, 702-433-8223
Copyright (C) 2005 Business Wire. All rights reserved.
