Salamon Group, Inc. (SLMU) Clarifies Issues With Dual Domain Reporting Requirements
LAS VEGAS, NV--(Marketwire - May 3, 2012) - SALAMON GROUP, INC. (OTCQB: SLMU) (PINKSHEETS: SLMU) is a Nevada corporation trading on the OTC "QB" which has met all current reporting requirements to meet or exceed the OTC "QB" qualifications, and as such is current and up to date with US Securities and Exchange Commission (SEC) filings.
Salamon Group Corporate headquarters are domiciled in British Columbia, Canada and are required to file and meet the requirements of the British Columbia Securities Exchange Commission (BCSEC), in order to allow BC residents to trade in the US securities of Salamon Group.
BCSEC is requiring the Company to file "Material of Event" forms for its press releases. Salamon Group believed they met the BCSEC filing requirements, by remaining current and up to date with its US SEC filings, as well as Sedar filings. BCSEC, however, is requiring more documentation, as such, the Company will comply with their demands. Once compliant, BC residents can again trade SLMU's shares. This requirement is ONLY for companies who are based and/or have directors and officers who live in British Columbia.
Salamon Group was notified, Wednesday, May 2nd at 2:15 pm PST of a request for documents. The Company immediately contacted the appropriate corporate finance manager at the BCSEC, culminating in document delivery this morning at the BCSEC office. The Company will comply with a filing of the documentation requirement of the British Columbia Securities Exchange Commission by tomorrow.
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About SALAMON GROUP, Inc. Salamon Group, Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the construction management and acquisition of renewable energy power projects. Sunlogics Power also looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers. Visit: http://www.sunlogicspowerfund.com/
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SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
Contact: William Nalley Orsay Groupe, Inc. 305-515-8077