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ACX Acadian Energy

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Share Name Share Symbol Market Type
Acadian Energy TSXV:ACX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Acadian Energy Inc. Confirms Delay in Reporting of Annual Financial Results

30/04/2013 9:01pm

Marketwired Canada


Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation" or "Acadian")
announced today that it will not be able to file its audited financial
statements for the year ended December 31, 2012, its management's discussion and
analysis relating to the financial statements, and the CEO and CFO certificates
(collectively, the "Required Documents") by April 30, 2013 as required under
securities laws. 


The Corporation has applied for an order from the relevant Canadian securities
regulatory authorities for a management cease trade order ("MCTO") as provided
for in National Policy 12-203 - Cease Trade Orders for Continuous Disclosure
Defaults ("NP 12-203") which prohibits trading in securities of the Corporation
by certain insiders of the Corporation. The granting of an MCTO is at the
discretion of the Canadians securities regulatory authorities and there is no
assurance that an order will be granted.


The delay in filing the Disclosure Documents is a result of insufficient
opportunity available for the necessary preparation and filing of the Disclosure
Documents. 


An MCTO would not generally affect the abilities of persons who have not been
directors, officers or insiders of the Corporation to trade securities of the
Corporation. The Corporation intends to satisfy the provisions of the alternate
information guidelines as set out in NP 12-203 for as long as the Corporation
remains in default, including the issuance of bi-weekly default status reports,
each of which will be issued in the form of a press release. 


There is no other material information concerning the affairs of the Corporation
that has not been generally disclosed. 


Additional Corporation information is also obtainable on the Corporation's web
site www.acadianenergy.com


About Acadian:

Acadian is a junior exploration and production company which is focused on the
exploration and development of New Albany shale oil and natural gas in the
Illinois Basin. The Corporation continues exploration development of the oil
potential of the New Albany Shale. Acadian trades on the TSX Venture Exchange
under the symbol ACX.


This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially from those
indicated by such statements. All statements, other than statements of
historical fact, included herein, including, without limitations statements
regarding future production, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Acadian Energy Inc.
Mark Lawrence
CEO
281-751-7720
mlawrence@acadianenergy.com
www.acadianenergy.com

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