Matrikon clarifies trading halt and management cease trade order

April 16, 2009
MatrikonOPC
News

Summary

Matrikon had trading in its shares halted by the Investment Industry Regulatory Organization of Canada prior to market open as a result of an administrative error.

April 16, 2009 - Matrikon Inc. (TSX: MTK) has had trading in its shares halted by the Investment Industry Regulatory Organization of Canada (“IIROC”) prior to market open today as a result of an administrative error. Yesterday, Matrikon announced that a Management Cease Trade Order (“MCTO”) had been granted by the Alberta Securities Commission (“ASC”) due to the late filing of the second quarter financial statements and other related filings. Communication between the ASC and IIROC called the order a CTO (Cease Trade Order), thus IIROC halted trading while awaiting confirmation from ASC. Once that confirmation is received, trading will resume. (Trading resumed at 10:30 ET).As stated yesterday, Matrikon will report consolidated results for Q2-09 on Saturday, April 18, 2009. A conference call will be held on Monday, April 20 at 8:30 am ET (6:30 am MT). To participate live, call 416-644-3414 in the Toronto area and 1-800-733-7560 for all other areas.A replay will be available until midnight, May 10, 2009. To access the playback service, please dial 416-640-1917 in Toronto or 1-877-289-8525 elsewhere, reservation number 21302363#.

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