Update on Distribution to Shareholders of Antrim Energy Inc.
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CALGARY, Alberta, Sept. 07, 2018 (GLOBE NEWSWIRE) -- As previously announced, Antrim Energy Inc. (“Antrim" or the "Company”) (former stock symbols: TSXV:AEN and AIM:AEY), voluntarily dissolved on April 26, 2017 with the Company’s remaining funds to be distributed by the Company's transfer agent to the Company's shareholders as of the dissolution date, following receipt of a final Tax Clearance Certificate from the Canada Revenue Agency (“CRA”).
Post dissolution, an application for a Tax Clearance Certificate was filed by the administrative agent, 2015960 Alberta Ltd., and while the CRA has confirmed that it received the application, over a year has passed since the application was filed. During this time, despite the administrative agent regularly following up on the status of the application with the CRA, no written correspondence was received from the CRA with respect to the application and while the administrative agent is aware of media reports about backlogs in the Audit Division of the CRA, this may or may not be a contributing factor with respect to the lack of response.
Given the lengthy delay and lack of communication, the administrative agent filed a formal complaint with the CRA. Subsequent to filing the complaint, the CRA has contacted the administrative agent to co-ordinate a review of the application. No timeline can be given with respect to CRA further processing the application.
For further information please visit Antrim's SEDAR profile at www.sedar.com.
For further information, please contact:
Anthony Potter
2015960 Alberta Ltd.
Email: 2015960albertaltd@gmail.com
Telephone: + 1 403 264 5111
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