USA Graphite Announces Delay in Filing Annual Report Form 10-K
14 June 2013 - 9:03PM
Marketwired
USA Graphite Inc. (OTCQB: USGT) ("USA Graphite"), a publicly traded
U.S. exploration company focused on the acquisition, exploration,
and development of world class graphite properties in North
America, today announced a temporary delay in filing of its Annual
Report on Form 10-K for the year ended February 28, 2013. The Form
10-K was required to be filed with the Securities and Exchange
Commission (SEC) no later than 5:30 p.m. E.D.T. on June 13, 2013.
The late filing of USGT's Annual Report on Form 10-K is the
result of unforeseen delays in the timely delivery of information
required for the preparation of the Company's financial statements
for the audit. The Company believes that the underlying
communication issues have been resolved and that the financial
statements and subsequent audit will be completed without further
delay. The Company anticipates filing its Form 10-K during the week
of June 17, 2013.
The Company expects that, as a result of the delayed filing,
early next week the trading symbol "USGT" will temporarily be
changed to "USGTE" until such time the filing is made. This
temporary symbol change will not affect trading of the Company's
shares and requires no additional action by shareholders who hold
their stock with registered brokers or in physical stock
certificate form.
About USA Graphite:
USA Graphite is a publicly traded U.S. exploration company
focused on the acquisition, exploration, and development of
graphite properties in North America. USA Graphite intends to
establish itself as a strategic domestic graphite supplier in the
United States. The Company is currently advancing three (3)
graphite projects in Nevada offering, what the Company believes to
be, considerable potential for the discovery of economic reserves
of large flake, high-grade graphite; Blue Wing Mountains (1,985
acres - Pershing County), Gordon Creek (200 acres - Elko County),
and Ruby Mountains (785 acres - Elko County). For additional
information please visit http://www.usa-graphite.com.
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The
statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995. Notice Regarding Forward Looking Statements:
This press release includes forward-looking statements that involve
a number of risks and uncertainties, including the success of the
programs it is commercializing and developing. Further, the risks
involve the ability of the Company to raise capital to fund its
operations and the capital requirements for the development and
marketing of its products. Investors are encouraged to review the
risk factors listed or described from time to time in the Company's
filings (10K, 10Qs, S-1, and others) with the Securities and
Exchange Commission.
For further information please contact: USA Graphite Investor
Relations E-mail: investors@usa-graphite.com USA Graphite
Website: www.usa-graphite.com Toll-free: (877) 565-8881