BGM, Barkerville Gold Mines update

 

bgm aug 2012

 

BCSC Issues Cease Trade Order for Barkerville

Wednesday August 15, 2012, 11:47am PDT

Barkerville Gold Mines Ltd. (TSXV:) announced that after filing a technical report that does not meet NI 43-101 requirements, it received a cease trade order from the British Columbia Securities Commission that is effective from August 14.

As quoted in the press release:

The Company is advised that the cease trade order will remain in place until the Company files a technical report acceptable to the BCSC and addresses all technical disclosure concerns. The Company is working diligently to address the BCSC’s concerns and will file a revised technical report for the BCSC to review as soon as possible.

Our target was 15 cents, who knows what will happen next.