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ADB.H

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:ADB.H 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 -

Admiral Bay Provides Corporate Update

25/02/2013 7:53pm

Marketwired Canada


Admiral Bay Resources Inc. (TSX VENTURE:ADB.H) ("Admiral Bay" or the "Company")
has sold its three percent override interest in certain oil leases in the Devon
Field in Bourbon County Kansas to an unrelated third party for $115,000 (US).
These monies will be used to pay trade payables and certain sales tax amounts
due to the State of Kansas. Remaining funds will be used to continue to attempt
resolve certain outstanding litigation and wind down the Company.


The Company's remaining asset is certain acreage located in Pennsylvania which
the Company and its partner have agreed to sell off if possible.


The Company has still not been able to find a suitable transaction to allow it
to continue as a going concern and does not expect the cease trade order issued
by the TSX Venture Exchange December 6, 2011 when it was unable to file its FYE
2011 financial statements to be lifted in the foreseeable future.


Statements in this release that are not historical facts are "forward-looking
statements" within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned that any such statements are not guarantees
of future performance and that actual developments or results may vary
materially from those in these "forward-looking statements".


FOR FURTHER INFORMATION PLEASE CONTACT: 
Admiral Bay Resources Inc.
Steven Tedesco
President & C.E.O.
(303) 350-1255
(303) 708-1861 (FAX)
info@admiralbay.com

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