HANDENI GOLD INC : THE MOVE FROM OTCBB to OTCQB

In a recent email communication the Handeni Gold management was alerted to a small news announcement on the Bloomberg website stating that the company had been deleted from the OTCBB due to inactivity under SEC Rule 15c2-11.

On further investigation it transpired that Handeni Gold Inc has been automatically relocated to the OTCQB – the function of which is described below as an excerpt from http://gopublic101.blogspot.com/2010/06/otcbb-vs-otcqb-what-you-need-to-know.html

“This new OTCQB marketplace will ensure that investors know that Pink OTC has many Fully-Reporting Issuers approved for trading solely on the Pink OTC platform. In the future, as long as the issuer is listed with the Pink Sheets and is current in its reporting, it will be designated as an OTCQB security. If a company is late in its reporting requirements, it would be dropped to the designation of Pink Sheets. Once current again with the SEC, the Issuer will be moved immediately back to the OTCQB marketplace. “

Further explanation is to be found at http://www.reverse-merger.com/tag/going-public/ specifically with regards to the news quote on Bloomberg  – the most pertinent section being

“The now privately owned and operated OTCBB quietly delisted approximately 1,000 fully reporting and current, public companies from its quotation medium, initially citing “failure to comply with Rule 15c2-11”. Subsequent delistments cited “Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.” 

Delistments Means Little to Nothing

Most, if not all, of these companies did not receive notice of their “delisting”. Moreover, most, if not all, of these companies still do not know that they are no longer OTCBB quoted companies. In fact, the change has had little if no impact on these companies and will likely not have future impact. Each of these companies continues to be quoted on the OTCQB on the website for OTC Markets.

Issuer Reporting Obligations

Issuers on the OTCQB must be fully reporting and current in their reporting obligations with the SEC. “

If you had picked up this titbit rest assured that in fact this merely means that Handeni Gold Inc, is completely up to date with all filings and thus now quoted on the OTCQB.

For our latest filings please visit http://secfilings.com/SearchResults.aspx?ticker=HNDI

Sincerely Handeni Gold IR.

For further details please contact

Bob Dynes

Investor Relations

HANDENI GOLD INC

Office:    604-642-6165

Fax: 604-642-6168

Mobile:    778-881-6165

Email: bob@handenigold.com

Suite 500, 666 Burrard Street,

Vancouver, BC Canada V6C 3P6

Website : www.handenigold.com

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It looks like the Handeni District in Tanzania is beginning to heat up, and its not because of the summer sun

Right in the heart of our 800 sq kms of Prospecting Licences in the Handeni District sits, the Prospecting Licence of Canaco Resources Inc.  And as any good neighbour knows, you should always keep an eye on your neighbour’s “yard”, for anything that is different or unusual.

Well our neighbour, Canaco Resources Inc., released some exciting news on their “yard” with the announcement that they have:

“…….entered into a memorandum of understanding (MOU) with an arm’s length third party, a Chinese gold producer, to create a joint venture to develop Canaco’s Magambazi project in Tanzania.  Under the terms of the MOU, Canaco and the Chinese gold company will form a joint venture to develop and explore the Handeni project. Canaco’s initial contribution to the joint venture will be the Handeni property, including the Magambazi project and all rights and obligations within the Handeni property…..”For the complete news release see the following link:  http://canaco.mwnewsroom.com/press-releases/canaco-enters-agreement-for-development-of-magamba-tsx-venture-can-201208020809637001

The interesting thing about this development, for Handeni Gold, is that a drilling program on our Magambazi East project has “…….detected a gold enriched mineraliz[ed] zone extending for a distance of approximately 500m to the south east of the Magambazi Hill mineralization….as defined by Canaco Resources………” See news release dated May 31, 2012 for more details. ( http://www.handenigold.com/gold-mineralization-trends-defined-north-south-and-south-east-magambazi-hill-handeni-gold%E2%80%99s-first-ph )

With this MOU announcement by Canaco Resources Inc and their “…….. indicated mineral resource of 15.2 million tonnes grading 1.48 grams per tonne gold and containing 721,300 ounces, as well as an inferred mineral resource estimate of 6.7 million tonnes grading 1.36 grams per tonne gold and containing 292,400 ounces…..” on the Magambazi Hill Prospecting Licence (see Canaco’s May 15, 2012 news release),  the Handeni District is shaping up to be an interesting area to explore for gold.

And as all junior resource investors know, “area plays” are some of the most exciting in the industry.  The IR Corner will keep an eye out, for any evidence that the area is turning into a “play”, by listing the companies exploring in the area.

Photograph: One of the Handeni Gold Inc. Targets     “Masala Hill”.

Bob Dynes
Investor Relations
HANDENI GOLD INC
Office:  604-642-6165
Fax: 604-642-6168
Mobile:  778-881-6165
Email: bob@handenigold.com
Suite 500, 666 Burrard Street,
Vancouver, BC Canada V6C 3P6
Website : www.handenigold.com

Greetings from the Handeni Investor Relations Corner:

Welcome to the first of many reports from the Investor Relations Department of Handeni Gold. We have decided to communicate with our shareholders and the investing public through various social media programs of which this blog is one. In keeping in line with our Chairman of the Board’s message to our shareholders, Dr. Reginald Mengi states: “We value and appreciate the support of all of our stakeholders, and are working towards an improved and proactive Investor Relations Program….” To fulfill this message from our Chairman, the IR Corner will report the latest news in and around Handeni Gold, Tanzania and Africa, the gold and stock markets, and general information that may be of interest to our shareholders or potential investors. Hopefully these reports will be both informative and entertaining to keep you coming back for more.

On Monday July 16th, 2012 I received calls from shareholders wondering where our latest quarterly filings were. After all it was 45 days after the quarter end, and securities regulations state that the quarterly reports are to be released within 45 days. So where were they? Well, since Handeni Gold has a year end of May 31, our 4th quarter (March, April, May) filing is reported as part of our annual filing, and the annual filing does not have to be released until Aug 29, 90 days after the year end. Due to the extra work involved with an annual filing, the securities industry has allowed public companies 90 days to complete their reports. We are currently working on our annual filing with our auditors, geologists and lawyers, and the company has informed the IR Department that our Form10K should be released well within our allotted time frame.  We will keep you informed of any changes.  The Form10K filing, when completed, will be available for viewing on Edgar (www.sec.gov) in the US and Sedar (www.sedar.com) in Canada.

A quarterly filing is referred to as a Form 10Q and an annual filing is referred to as a Form 10K

For future reference the following filing deadlines are applicable:

4th  Qtr….(March, April, May)…Aug 29, 2012…Form 10K

1st   Qtr….(June, July, Aug.)…….Oct 15, 2012…Form 10Q

2nd Qtr….(Sept, Oct, Nov.)………Jan 15, 2013…Form 10Q

3rd Qtr….(Dec, Jan, Feb.)……. .. Apr 15, 2013…Form 10Q

4th Qtr….(March, April, May)….Aug 29, 2013…Form 10K

Bob Dynes
Investor Relations
HANDENI GOLD INC
Office:  604-642-6165
Fax: 604-642-6168
Mobile:  778-881-6165
Email: bob@handenigold.com
Suite 500, 666 Burrard Street,
Vancouver, BC Canada V6C 3P6
Website : www.handenigold.com