If you have the Plus plugin, you can create Custom Post Info lines that show what you want the way you want it, they are located at the bottom of the Main options > Post Specifics page.
If you don’t, you can add the rule below to the theme Global Custom CSS rule box
.entry-date:before {display:none;}
The continue reading can be change in the theme settings in Main Options > Post Specifics > Excerpts / Full Posts > Continue reading message box