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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. Announces Delay in Filing of Annual Financial Statements

01/05/2012 12:04am

Marketwired Canada


Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation") announces that the
filing of its annual financial statements for the year ended December 31, 2011
and related Management Discussion and Analysis (the "Required Filings") will be
delayed. As a result of the failure to file the Required Filings on time, the
Corporation will be subject to a general cease trade order issued by Ontario
Securities Commission and the British Columbia Securities Commission in
accordance with National Policy 12-203.


The Corporation's Chief Financial Officer and its auditors are actively working
to resolve the difficulties. The Corporation expects to file its annual
financial statements and related Management Discussion and Analysis for the year
ended December 31, 2011 on or before May 15, 2012.


The Required Filings will not be filed before the filing deadline due to
administrative delays. The Corporation is not subject to any insolvency
proceeding. All material information concerning the affairs of the Corporation
has been disclosed to the public through news releases and filed on SEDAR.


Additional 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.


1 Year Acadian Energy Chart

1 Year Acadian Energy Chart

1 Month Acadian Energy Chart

1 Month Acadian Energy Chart