Symbol: TSX-V:RGZ
TORONTO, Aug. 15 /CNW/ - Randsburg International Gold Corporation
(TSX-V:RGZ) announced today that the TSX-Venture Exchange has halted trading
in the Company's shares as a result of the British Columbia Securities
Commission (the "BCSC") issuing a cease trade order (the "Order") dated August
9, 2006.
The Order, made under Section 164(1) of the British Columbia Securities
Act (the "Act"), indicates that the Executive Director of the BCSC has ordered
that all trading of the securities of the Company cease until such time as:
(1) the Company files a required technical report, completed in accordance
with the Act and with the regulations made by the BCSC under the Act; and (2)
the Executive Director of the BCSC makes an order under section 171 of the Act
revoking the Order.
The required technical report concerns the Company's Titan Project.
The Company is working with the BCSC to comply with the BCSC's request
and will update shareholders on its compliance efforts as further information
becomes available.
ABOUT RANDSBURG INTERNATIONAL GOLD CORPORATION
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Randsburg International Gold Corporation is a Canadian exploration
company listed on the TSX Venture Exchange (Symbol TSX-V:RGZ). The Company is
engaged in exploring for diamonds, titanium, iron, precious and base metals,
and platinum group metals (PGMs) in Brazil, Canada and Nevada. The Company has
three active exploration projects:
<<
1. Victory Strike diamond project in Brazil - 85% owned
2. Titan Project (iron-titanium-vanadium) in Northern Ontario - 100%
owned
3. Elephant Gold and Silver Project, Nevada - 50% owned
>>
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all
statements in this news release - including, without limitation, statements
regarding forecasts, plans and objectives of Randsburg International Gold
Corp. - are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from those
anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Copyright, 2006 Randsburg International Gold Corporation. This news
release can be reproduced and retransmitted in whole, with no changes
permitted, and providing it is supplied and made available without charge to
the end reader.
Randsburg Updates Shareholders on Cease Trade Order
Randsburg International Gold Corp on 6ix
Earlier from Randsburg International Gold
- Randsburg announces site for mini-bulk plant at Victory Strike; Hard rock core processing set to begin
- Randsburg Announces Discovery of Another Diamond-Bearing Kimberlite at Victory Strike - Four Additional Kimberlites Discovered
- Randsburg announces Elephant joint venture update
- Randsburg announces 58 million tonne iron-titanium-vanadium preliminary resource estimate for Titan deposit
- Randsburg announces discovery of two diamond-bearing kimberlites at Victory Strike - Dramatically expands size of claim holdings - Sulphides confirmed at Target Zelia447
Later from Randsburg International Gold
- Randsburg announces update on British Columbia Securities Commission review
- Randsburg International Gold Corp. - Annual general meeting held/Update on British Columbia Securities Commission review
- Update on arbitration with Duncan Park - Arbitration postponed indefinitely
- Randsburg International Gold Corp. - Clarification of Previous Titan and Victory Strike Disclosure
- Market Regulation Services - Trade Resumption - Randsburg International Gold Corp. - RGZ
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