CYN Cyntar Ventures Inc

Cayenne Gold Mines Ltd. ("Cayenne" or "the Company") (CNSX:CYN) announces that
the British Columbia Securities Commission has issued a Cease trade Order
("CTO") prohibiting the trading of the common shares of the Company effective
immediately. The CTO was issued to the Company as a result of the delay in
filing by the required date of the Company's audited consolidated annual
financial statements and related management discussion and analysis for its
financial year ending September 30, 2011 (the "2011 YE Financial Report").This
restriction will remain in place until the 2011 YE Financial Report is filed and
the Company's regulatory filings are brought up to date.


H. Alex Briden, the President & CEO of Cayenne commented "As detailed in our
press release dated February 6, 2012, the Company has entered into a Letter of
Intent ("LOI") with Blue Horizon Mining Inc. ("BH Mining") to acquire all of the
issued and outstanding shares of BH Mining. In this regard, Cayenne has been
focusing on advancing the contemplated transaction and has not yet filed its
audited annual financial statements for the year ending September 30, 2011. Our
management is working diligently together with BH Mining's management and our
auditor to finalize as soon as possible the financial statements after which an
application to the regulatory authorities will be made to revoke the CTO and
reinstate the common shares of the Company for trading."


This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, is
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the company's disclosure documents on the SEDAR website at
www.sedar.com. The Company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.

Cyntar Ventures (CSE:CYN)
Historical Stock Chart
From May 2024 to Jun 2024

Cyntar Ventures (CSE:CYN)
Historical Stock Chart
From Jun 2023 to Jun 2024