LONDON, UNITED KINGDOM -- (Marketwire) -- 06/26/09 -- African Copper PLC (the "Company") (AIM: ACU)(BOTSWANA:AFRICAN COPPER) announces that the Ontario Securities Commission (the "Commission") has granted a full revocation (the "Revocation") of the cease trade order imposed in Canada by the Commission against the securities of the Company. The cease trade orders of the other securities regulatory authorities, which were imposed in Canada following the imposition of the cease trade order by the Commission, are also expected to be revoked within the next few days.
The cease trade orders had been imposed for failure by the Company to file its interim consolidated financial statements for the three-month period ended March 31, 2009 and related management discussion and analysis (the "Interim Materials") within the time required by Canadian National Instrument 51-102 Continuous Disclosure Obligations. The reasons for the delay in the completion and filing of the Interim Materials were disclosed in the Company's news release dated May 15, 2009.
The Company filed the Interim Materials on June 22, 2009. The Interim Materials can be reviewed on SEDAR under the Company's profile at www.sedar.com or on the Company's website at www.africancopper.com.
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes the Company's expectation with respect to obtaining the revocation of all the outstanding cease trade orders of the other securities regulatory authorities and the anticipated timing of such revocations. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
African Copper Plc
Chief Financial Officer