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Engineering, procurement, construction & management of crude oil refineries.
Message: Winfield News Release
news release
August 13, 2009
WINFIELD MCTO STILL IN EFFECT
Winfield Resources Limited (“Winfield”) (WWF.H:TSXV) has been advised by the BCSC that the Management Cease Trade Order Dated April 30, 2009 (“MCTO”) is still in effect.
Winfield is unable to file its annual audited financial statements, annual MD&A and annual certificates for the fifteen months ended March 31, 2009 by the filing deadline of July 29, 2009 and its interim financial statements, interim MD&A and interim certificates for the three months ended June 30, 2009 by the filing deadline of August 29, 2009.
The reason for the default is that Winfield could not proceed to raise the funds necessary to engage a new auditor for the audit of the financial statements for the fifteen months ended March 31, 2009 until the cease trade order was lifted on July 17, 2009. Winfield has now raised sufficient funds to commence the audit.
Winfield is currently preparing the annual financial statements anticipates filing its annual audited financial statements, annual MD&A and annual certificates and its interim financial statements, interim MD&A and interim certificates by September 30, 2009.
Winfield intends to satisfy the alternative information guidelines as long as Winfield remains in default.
Winfield is not subject to any insolvency proceedings.
There is no other material information concerning the affairs of Winfield which has not been generally disclosed.
Winfield’s primary business is the engineering, procurement, construction and management of crude oil refineries. Winfield’s intended business includes the building, owning and operating of one or more oil refineries in Northern Africa.
On behalf of the Board
Robert Michael Foley
President and CEO
For further information please contact:
Robert Michael Foley, President and CEO
(604) 351 3937 rmf@winfieldresources.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This release is not intended for distribution in the United States.
Certain statements herein may constitute “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied by such forward looking statements. These statements relate to future events and reflect the expectations of management regarding business prospects and opportunities. Such forward looking statements reflect current beliefs of management or of the third parties to which they are attributed and are based on information currently available to us. In some cases, the statements use such words as “may”, “will”, “intend”, “should”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other similar terminology. These statements reflect current expectations regarding future events and speak only as of the date hereof, or in the case of third party statements as of the date on which they were made. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, and there can be no assurance that actual results will be consistent with these forward looking statements.
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