The Annual Financial Filings will not be filed on or before the Filing Deadline due to the fact that there have been delays associated with the change in auditor this year, as well as staffing issues of the Company's new auditors,
The Company's Board of Directors and management confirm that they and the Company's auditors are working diligently to complete the final steps in the audit process and minimize the filing delay as much as possible. The Company confirms that there is no other material information concerning the affairs of the Company that has not been publicly disclosed.
The Company expects to be able to file the Annual Financial Filings on or before
The Company has applied to the applicable securities regulatory authorities and received a management cease trade order ("MCTO") imposed against the Chief Executive Officer, the Chief Financial Officer and the directors of the Company precluding them from trading securities of the Company. The MCTO will be in effect until the Annual Financial Filings are filed and requires that the Annual Financial Filings be filed on or before
Until the Annual Financial Filings are filed, the Company intends to issue biweekly default status reports in accordance with National Policy 12-203 - Management Cease
About
Additional information on
ON BEHALF OF THE BOARD OF DIRECTORS
« signed » | « signed » |
Frederick Kozak | |
CEO and President, Auxico Resources Canada Inc. | Chairman, |
fk@auxicoresources.com | mb@auxicoresources.com |
Cell: +1 403 606 3165 | Cell: +1 514 296 1641 |
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
SOURCE
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