CMQ FILES ANNUAL FINANCIAL STATEMENTS
26 Abril 2011 - 4:13PM
PR Newswire (Canada)
CALGARY, April 26 /CNW/ -- /NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, April 26 /CNW/ - CMQ Resources Inc. ("CMQ") (TSXV: NV) has
prepared and filed its annual financial statements and management
and discussion analysis for the year ended December 31, 2010. Those
filings can be viewed on SEDAR at www.sedar.com. Also, as
previously disclosed on April 1, 2011, CMQ has filed a final long
form prospectus with the securities regulatory authorities in each
of the Provinces of British Columbia, Alberta, Ontario and Quebec
in connection with its offering (the "Rights Offering") of rights
(the "Rights") to purchase common shares of CMQ ("Common
Shares"). The Rights Offering involves the issuance of Rights
to subscribe for up to 50,266,692 Common Shares, with each 0.13 of
a Right being exercisable for one Common Share at a price of $0.10.
The Rights Offering is expected to raise up to approximately
$5,000,000. CMQ has entered into a stand-by commitment agreement
with Matco Investments Ltd. ("Matco"), an insider and principal
creditor of CMQ, pursuant to which Matco has agreed to purchase, at
a price equal to $0.10 per Common Share, such number of Common
Shares not otherwise purchased under the Rights Offering so as to
provide CMQ with gross proceeds from the Rights Offering of not
less than $2,500,000. Rights may be exercised until 5:00 p.m.
(Toronto time) on May 10, 2011 (the "Expiry Time"). The
closing of the Rights Offering is scheduled to occur on May 11,
2011 and is subject to the satisfaction of customary closing
conditions. The final prospectus and certificates representing the
Rights (the "Certificates'') have been previously mailed to all
registered shareholders located in the provinces of British
Columbia, Alberta, Quebec and Ontario (the "Eligible
Jurisdictions''). Subject to certain exceptions, Certificates have
not been and will not be mailed to registered shareholders located
outside of the Eligible Jurisdictions. Such shareholders will not
be permitted to exercise their Rights and in certain cases the
rights agent engaged by CMQ will attempt to sell such Rights on
behalf of the relevant class of shareholders. Shareholders should
consult the final prospectus and their financial advisors to
determine their rights and entitlements under the Rights Offering.
Holders of Rights who fully exercise their Rights under the basic
subscription privilege will be entitled to subscribe pro rata for
additional Common Shares, if available, that were not subscribed
for initially on or before the Expiry Time. Registered shareholders
wishing to exercise their Rights must forward their Certificate,
completed in accordance with the instructions on such Certificate,
along with the applicable funds to Computershare Investor Services
Inc. by the Expiry Time. Beneficial shareholders should contact
their broker. Shareholders requiring additional information may
refer to a copy of the final prospectus available on SEDAR at
www.sedar.com. The Rights to purchase Common Shares are currently
listed on the TSX Venture Exchange (the "TSXV") under the
symbol NV.RT. A copy of the final prospectus has been filed on
SEDAR and is available for review at www.sedar.com. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy the securities in the United States, in any
province or territory of Canada or in any other jurisdiction. The
securities to be offered have not been, and will not be, registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any U.S. state securities laws and may
not be offered or sold in the United States or to United States
persons absent registration or absent an applicable exemption from
the registration requirements of the U.S. Securities Act and
applicable U.S. state securities laws. There shall be no sale of
the securities in any jurisdiction in which an offer to sell, a
solicitation of an offer to buy or a sale would be unlawful.
Forward-Looking Statements This press release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking statements")
within the meaning of Canadian securities laws. All statements
other than statements of historical fact are forward-looking
statements. Forward-looking statements typically contain statements
with words such as "anticipate", "believe", "plan", "continuous",
"estimate", "expect", "intend", "may", "will", "shall", "project",
"would", "should", or similar words suggesting future outcomes
Undue reliance should not be placed on forward-looking statements,
which are inherently uncertain, are based on estimates and
assumptions, and are subject to known and unknown risks and
uncertainties (both general and specific) that contribute to the
possibility that the future events or circumstances contemplated by
the forward-looking statements will not occur. There can be no
assurance that the plans, intentions or expectations upon which
forward-looking statements are based will in fact be realized.
Actual results will differ, and the difference may be material and
adverse to CMQ and shareholders. Forward-looking statements are
based on management's current beliefs as well as assumptions made
by, and information currently available to, management. Though
management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect. By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and
risks that forward-looking statements will not be achieved. The
forward-looking statements contained in this press release are made
as of the date hereof and CMQ does not undertake any obligation to
update publicly or to revise any of the included forward-looking
statements, except as required by applicable law. The
forward-looking statements contained herein are expressly qualified
by this cautionary statement. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/26/c7021.html
p For more information on CMQ visit the CMQ website at (ia
href="http://www.cmqresources.com"www.cmqresources.com/a/i) or
please contact: Ryan Jennings, CMQ Resources Inc., telephone
number (403) 294-6496. /p
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