Sahara Energy Ltd. (TSX VENTURE:SAH) (PINK SHEETS:SAHRF) reported that the British Columbia Securities Commission on February 18, 2010, and the Alberta and Ontario Securities Commissions on February 19, 2010 issued orders revoking their previous cease trade orders that trading cease in respect of the securities of the Company.

The press release is quoted as saying:

The previous cease trade orders were issued by Alberta Securities Commission on May 7, 2009 and by the British Columbia and Ontario Securities Commissions on May 11, 2009 for failure to file continuous disclosure materials, including the audited annual financial statements, annual MD&A and certification of annual filings for the year ended December 31, 2008. The Company was unable to file its continuous disclosure materials as a result of financial constraints due to its oil marketer being placed in receivership and the marketer’s failure to provide funds to the Company.

Click here to access the entire press release

Comment

Tweet