SILVER FALCON MINING (SFMI)
SCHEDULES FORM 10 FILING MARCH 2009.
New York, NY -- (MARKET WIRE) -- 02/26/09 -- Silver Falcon Mining, Inc. (OTCBB:SFMI.PK - News)
updates its shareholders regarding the Company’s registration process with the United States Securities and Exchange Commission (USSEC). Currently, the Company’s auditor has confirmed that their work is nearly done and that the audited financials for 2008 will be sent to SFMI’s law firm in early March for completion of this FORM 10 filing under the “The Securities Exchange Act of 1934.”
The filing of a FORM 10 registration statement requires audited financials and other current and historical business information. Upon USSEC approval, the Company will list SFMI on the OTCBB. This OTCBB listing requires that the Company maintain year end, quarterly, insider holdings and other pertinent disclosure filings with the USSEC.
Pierre Quillam, CEO, SFMI states,” We understand the necessity of audited financials and other transparent declaration filings with the Security and Exchange Commission. After reviewing key issues on this registration process, SFMI’s Board concluded that filing under the ‘1934 ACT’ instead of the ‘1933 ACT’ gives SFMI more transparency. This decision caused a delay in the original time expectancy on filing a registration statement because of more in-depth disclosures needed with FORM 10 preparations.
Once effective this allows SFMI to be listed on more recognized trading platforms in the USA and/or abroad. We are very excited at the prospects of not only starting production at our Melba, Idaho mill, but doing so as a fully reporting entity. ”
Further Information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL 800-631-8127; www.silverfalconmining.com .
Silver Falcon Mining cautions that statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Yes International Ltd.
Attn: Rich Kaiser
3419 Virginia Beach Blvd., #252
Virginia Beach, VA 23452