VANCOUVER, Jan. 4, 2019 /CNW/ - PRIZE MINING
CORPORATION ("Prize" or the "Company") (TSXV:PRZ)
(OTCQB:PRZFF) (MQSP:GR:FRANKFURT) wishes to advise that the Alberta
Securities Commission (the "ASC") filed a Notice of Application
dated December 21, 2018 for an
application on January 3, 2019
seeking an interim order pursuant to section 33 and 198 of the
Securities Act (Alberta),
which names the Company as a respondent. Among other things,
the Notice of Application indicates that the staff of the ASC are
investigating whether Prize contravened Alberta securities laws relating to continuous
disclosure and capital raising exemptions. Counsel for Prize
attended the hearing on January 3,
2019 to seek an adjournment in order to obtain sufficient
time to prepare its response to vigorously defend against the
matters noted in the Notice of Application relating to Prize.
The ASC issued an order (the "Order") dated January 3, 2019 to adjourn the hearing to
January 14, 2019. The Order
also requires that certain respondents named under the Notice of
Application cease trading in or purchasing securities of Prize
pending the determination of the hearing. Prize is not
subject to the cease trade order.
About Prize Mining Corp.
Prize is a junior mining issuer listed on the TSX Venture
Exchange. Prize is focused on the exploration and development
of the Manto Negro Copper Property in Mexico and the Kena Gold Property in BC.
Find out more at: www.prizemining.com
Reader Advisory
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.
This news release contains statements and information that,
to the extent that they are not historical fact, constitute
"forward-looking information" within the meaning of applicable
securities legislation. Forward-looking information is based on the
reasonable assumptions, estimates, analysis and opinions of
management made in light of its experience and its perception of
trends, current conditions and expected developments, as well as
other factors that management believes to be relevant and
reasonable in the circumstances at the date that such statements
are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from any future results, performance or achievements expressed or
implied by the forward-looking information. Accordingly, readers
should not place undue reliance on any such forward-looking
information. Further, any forward-looking statement speaks only as
of the date on which such statement is made. New factors emerge
from time to time, and it is not possible for the Company's
management to predict all of such factors and to assess in advance
the impact of each such factor on the Company's business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements. The Company does not undertake any
obligation to update any forward-looking information to reflect
information, events, results, circumstances or otherwise after the
date hereof or to reflect the occurrence of unanticipated events,
except as required by law including securities laws.
SOURCE Prize Mining Corporation