Business NewsMarketWire • Starrex Management Cease-Trade Order Issued by Ontario Securities Commission in Accordance With the Company's Application

Starrex Management Cease-Trade Order Issued by Ontario Securities Commission in Accordance With the Company's Application

Starrex Management Cease-Trade Order Issued by Ontario Securities Commission in Accordance With the Company's Application

TORONTO, ONTARIO--(Marketwired - Dec. 31, 2015) - Starrex International Ltd. ("Starrex" or the "Company") (CSE:STX) announces that, further to its news releases dated December 9 and 23, 2015 regarding its intention to restate and re-file: (i) its first, second and third quarter unaudited interim financial statements for the periods ended March 31, June 30 and September 30, 2015 (originally filed on May 29, August 28 and November 30, 2015); (ii) the corresponding management's discussions and analyses for the quarterly periods ended March 31, June 30 and September 30, 2015 (originally filed on May 29, August 28 and November 30, 2015); and (iii) the management's discussion and analysis for the year ended December 31, 2014, originally filed on April 30, 2015, and in accordance with the Company's application for a management cease-trade order pursuant to National Policy 12-203 pending completion of those re-statements and re-filings, the Ontario Securities Commission issued on December 30, 2015 a management cease-trade order prohibiting the Company's Chief Executive Officer, Philip Garrett Clayton, and Chief Financial Officer, Deborah Ramiriz, from all trading in and all acquisitions of securities of Starrex for a period of 15 days.

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