TORONTO, 05/17/12 - Royal Coal Corp. ("Royal Coal" or the "Company") (TSX VENTURE: RDA) (FRANKFURT: RLC) announces that it has received notice from the TSX Venture Exchange ("TSXV") confirming that the TSXV has suspended trading in the Company's securities as a result of a cease trade order issued after the Company failed to file audited annual financial statements for the year ended December 31, 2011 (the "Cease Trade Order"). Reinstatement to trading can occur only when the Cease Trade Order is revoked and the TSXV has concluded its reinstatement review to ensure the Company has satisfactorily complied with TSXV listing requirements.
If the Company does not complete its reinstatement and is unable to meet the continued listing requirements of the TSXV by August 1, 2012, the TSXV will automatically transfer the securities of the Company to the NEX board of the TSXV.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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TORONTO, 05/17/12 - Royal Coal Corp. ("Royal Coal" or the "Company") (TSX VENTURE: RDA) (FRANKFURT: RLC) announces that it has received notice from the TSX Venture Exchange ("TSXV") confirming that the TSXV has suspended trading in the Company's securities as a result of a cease trade order issued after the Company failed to file audited annual financial statements for the year ended December 31, 2011 (the "Cease Trade Order"). Reinstatement to trading can occur only when the Cease Trade Order is revoked and the TSXV has concluded its reinstatement review to ensure the Company has satisfactorily complied with TSXV listing requirements.
