I just puked a little bit...
Press Release Source: Buffalo Gold Ltd.
Buffalo Explains Trading Halt
Thursday May 15, 3:06 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - Brian McEwen, President and CEO of Buffalo Gold Ltd. (TSX VENTURE:BUF - News; OTCBB:BYBUF - News; FRANKFURT:B4K - News), wishes to inform its shareholders that trading in Buffalo's shares was halted this morning as a result of a cease trade order issued by the British Columbia Securities Commission for failing to file Buffalo's audited financial statements and management discussion and analysis for the fiscal year ended December 31, 2007 within the time prescribed by National Instrument 51-102.
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Buffalo's acquisitions during the last fiscal year, particularly the Sargold merger and Buffalo's spin-off of its uranium assets into Bondi Mining, significantly increased the complexity of the audit, resulting in the delay of the completion of the audit. Buffalo's management and auditors are working to complete the audit and Buffalo expects to file its year end statements and management discussion and analysis by May 23, 2008.
Mr. McEwen commented, "The cease trade order is in no way related to the financial health of the Company and we are working to rectify the situation as quickly as possible and apologize for any concerns this has caused our shareholders."
To find out more about Buffalo Gold Ltd. (TSX VENTURE:BUF - News; OTCBB:BYBUF - News; FRANKFURT:B4K - News), please visit the company website at www.buffalogold.ca.
On behalf of the Board of Directors of BUFFALO GOLD LTD.
Brian McEwen, President and CEO
This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Buffalo undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Julie Hajduk
Buffalo Gold Ltd.
Investor Relations
(604) 685-5492 or Toll Free: 1-888-685-5492
(604) 685-2536 (FAX)
Email: julie@buffalogold.ca
Website: www.buffalogold.ca
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Source: Buffalo Gold Ltd.
