|By Marketwired .||
|August 4, 2014 01:26 PM EDT||
TORONTO, ON--(Marketwired - August 04, 2014) - Green and Hill Industries (PINKSHEETS: GHIL) dba Ross' Gold (the "Company") is pleased to update its shareholders on its ongoing operations and intention to become a fully reporting company.
The Company filed its Annual Report ended April 30, 2014 and Annual Report and Certification on OTC Markets last week as per OTC Pink regulations which may be viewed at http://www.otcmarkets.com/stock/GHIL/filings.
The Company received a Cease Trade Order (CTO) from the British Columbia Securities Exchange (BCSC). As the Company's officers are located in the jurisdiction of British Columbia, it is subject to Multilateral Instrument 51-105 Issuers Quoted in the US OTC Markets (MI 51-105).
The BCSC noted that the Company "has not filed the correct form"; specifically Audited Financials and M.D. & A. with the financials. The Company is not required to file audited financials for OTC Pink Sheets, and the CTO does not affect non-residents' of Canada ability to trade the Company's common shares in the United States, Europe and so forth.
The Company had planned to begin fully reporting in the Fall of 2014, and is now moving that schedule forward with plans to becoming fully reporting with audited financials as soon as possible.
The Company notes that it continues to move forward with its business plan, and filed an Annual Information Form (AIF) detailing its plans as well as disclosing a number of material events at www.Sedar.com; a Canadian mandatory document filing and retrieval system for all Canadian public companies. It is in general similar to EDGAR, the filing system of a similar nature operated by the Securities and Exchange Commission of the United States of America, for all United States public companies. SEDAR is operated by the Canadian Securities Administrators, a coordinating body comprising the 13 Canadian provincial and territorial securities commissions.
About Ross' Gold
Ross' Gold plans to license its' established brand through partnerships with government approved licensed producers in Canada for medical cannabis strains called Ross' Platinum, Ross' Gold, Ross' Silver and Ross' Bronze with specific THC/CBD levels for specific ailments. The Company has a line of retail cannabis related products that will be sold in Canada. The Company has an established international brand with the celebrity of Olympic Gold Medal winner Ross Rebagliati. Please visit www.rossgold.com for more information.
Safe Harbor Statement
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, projections of worldwide sales of Ross' Gold's products and global markets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined at www.rossgold.com and other periodic reports filed from time-to-time at www.sedar.com and www.otcmarkets.com
Ross' Gold (the 'Company')
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