White Tiger Announces Delay in Filing Annual Financial Statements, Md&a And Aif
TORONTO, ONTARIO -- (Marketwire) -- 03/30/12 -- White Tiger Gold Ltd. ("White Tiger" or the "Company") (TSX: WTG) announces that there will be a short delay in filing its annual audited financial statements, Management's Discussion & Analysis ("MD&A") and Annual Information Form ("AIF") for the Company's financial year ended December 31, 2011, as required by National Instrument 51-102 - Continuous Disclosure Obligations.
The delay is caused by the extensive additional procedures required to finalize the consolidation of the Company's accounts with those of recently acquired Century Mining Corporation. The Company is working with its auditors to complete the audit of the Company's financial statements for the year ended December 31, 2011 as soon as possible and anticipates filing such financial statements and related MD&A and AIF during the week of April 2, 2012.
Until its annual financial statements and related MD&A and AIF are filed, the Company intends to satisfy the provisions of the Alternative Information Guidelines set out in National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").
There is no other material information concerning the affairs of the Company that has not been generally disclosed.
About White Tiger
White Tiger is a TSX-listed mining and exploration company, focused on the development of mineral resources in Canada, the Russian Federation and Peru.
Caution Concerning Forward-Looking Information
This news release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements") relating, but not limited to, White Tiger's expectations, intentions and beliefs (including, without limitation, statements regarding, White Tiger's intention to satisfy the Alternative Information Guidelines of NP 12-203 and White Tiger's expectations with respect to the timing of completion of White Tiger's annual audit and the expected time for filing of White Tiger's audited annual financial statements, related MD&A and AIF. Words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology are used to identify forward-looking statements. Such statements are based on assumptions, estimates, opinions and analysis made by the management of White Tiger in light of their experience, current conditions and their expectations of future developments as well as other factors which they believe to be reasonable and relevant. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Risks and uncertainties that may cause actual results to vary include but are not limited to: White Tiger's failure to satisfy the Alternative Information Guidelines of NP 12-203, White Tiger's failure to file its audited annual financial statements and related MD&A and AIF within the expected timeframe and those risks set out in White Tiger's public documents filed on SEDAR. Although White Tiger believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this press release, and no assurance can be given that such events will occur in the disclosed time frames or at all.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable laws, White Tiger disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although White Tiger believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Contacts:
White Tiger Gold Ltd.
Daniel Major
Chief Executive Officer
info@whitetigergold.com
www.whitetigergold.com
Terre Partners
Joanna Longo
(416) 238-1414 (ext. 233)
jlongo@terrapartners.com
