International KRL Resources Corp. Files Form 15F to Voluntarily Terminate Reporting Obligations with the SEC

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[{"type":"text","content":"\n\n\n\nVANCOUVER, June 17 /CNW/ - International KRL Resources Corp. (TSX-V:IRK)\ntoday announced that it has filed a Form 15F with the United States Securities\nand Exchange Commission (the "SEC") to voluntarily terminate its reporting\nobligations under the United States Securities Exchange Act of 1934, as\namended. International KRL expects the termination to take effect no later\nthan ninety days after filing the Form 15F. As a result of the filing of the\nForm 15F, International KRL will immediately cease to file certain reports,\nincluding Form 20-F and Form 6-K, with the SEC.\n\n\nThe Company's administrative burdens and costs associated with being a\nU.S. reporting company, particularly with respect to the SEC Sarbanes-Oxley\nrequirements, have increased materially in the past few years. International\nKRL maintains these burdens and costs outweigh any benefits derived from the\nCompany's foreign issuer status with the SEC, particularly as the great\nmajority of International KRL shareholder base is Canadian.\n\n\nAs a TSX Venture Exchange listed reporting issuer, International KRL will\ncontinue to meet its Canadian continuous disclosure obligations through\nfilings with the applicable Canadian securities regulators. The Company's\nfilings can be found on the System for Electronic Document Analysis and\nRetrieval ("SEDAR") at www.sedar.com. For more information on the property\nportfolio and International KRL Resources Corp. please visit the Company's\nwebsite - www.krl.net.\n\n\nON BEHALF OF THE BOARD\n\n\n"Seamus Young"\n\n\n-------------------------\n\n\nSeamus Young\n\n\nPresident and CEO\n\n\nStatements contained in this news release that are not historical facts\nare forward-looking statements, which are subject to a number of known and\nunknown risks, uncertainness and other factors that may cause the actual\nresults to differ materially from those anticipated in our forward looking\nstatements. Although we believe that the expectations in our forward looking\nstatements are reasonable, actual results may vary, and we cannot guarantee\nfuture results, levels of activity, performance or achievements.\n\n\nThe TSX Venture Exchange has neither approved nor disapproved the\n\n\ninformation contained herein.\n\n\n","length":2353,"tagName":"div"}]

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