Vancouver, Canada, June 20, 2009 --(PR.com
)-- The Silver Recycling Company (TSR - TSX venture) (ETR:YRE) (PINK:TSRCF) is providing its second Default Status Report in accordance with National Policy 12-203: Cease Trade Orders for Continuous DisclosureDefaults ("NP 12-203)- March 6, 2009, the Corporationannounced that it expected there would be a delay in filing its Second Quarter 2008 and Third Quarter 2009 interim financial statements for reasons disclosed within that announcement.
The Corporation expects to file the financial statements on or before June 22, 2009. The Company reports no other material changes at this time.
TSR intends to continue to satisfy the requirements of Section 4.4 of National Policy 12-203 - AlternativeInformation Guidelines ("AIG") by issuing bi-weekly Default Status Reports, each of which will be issued in the form of a news release. The Corporation intends to issue its next Status Report on June 22, 2009.
About The Silver Recycling Company
The Silver Recycling Company is seeking to consolidate a number of privately owned precious metals recycling and refining companies in the United States. The Silver Recycling Company is continuing to review and conduct due diligence within its candidate companies for acquisition and integration in alignment with the Company’s business strategy.
To find out more about
The Silver Recycling Company, please
The Silver Recycling Company
2006 - 1331 Alberni St.,
Vancouver, B.C. V6B 2M8
Forward Looking Statements:
This news release contains certain “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan”, “except”, “project”, “intend”, “believe”, “anticipate”, “estimate”, and other similar words, or statements that certain events or conditions “may” or “will” occur.
Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Assumptions upon whichsuch forward-looking statements are based included that all required third party regulatory and governmental approvals will be obtained.
Many of these assumptionsare based on factors and events that are not within the control of TSRand there is no assurance they will prove to be correct. Although TSRhas attempted to identify important factors that could cause actualactions, events or results to differ materially from those described inforward-looking statements, there may be other factors that causeactions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events coulddiffer materially from those anticipated in such statements. TSR undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.