Highlights
The Company anticipates its YE 2022 audits to be complete within approximately two to three weeks; will file bi-weekly default status reports during the period of the MCTO.
During the MCTO period the Company's shares will continue to trade freely; Officers and Directors of the Company will be restricted from buying or selling stock, or issue additional securities, until the Annual Filings are complete and the MCTO is lifted.
The Company has received guidance from its accounting team that it is track for its Q1 interim financial statements on or before
The Company confirms there is no insolvency proceeding against it and there is no other material information concerning the affairs of the Company that has not been generally disclosed.
In connection with the Company's inability to file the Annual Filings on time, the Company had applied for a Management Cease
The Company expects to file the Annual Filings as soon as they are available, but in any event no later than
Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports, in the form of news releases, for so long as the Annual Filings have not been filed.
During the MCTO, the general investing public will continue to be able to trade in the Company's common shares listed on the Canadian Securities Exchange. However, the Company's Chief Executive Officer and Chief Financial Officer and such other directors, officers and persons as determined by the applicable regulatory authorities will not be able to trade in the Company's shares, nor will the Company be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company until such time as the Annual Filings and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted.
The Company confirms as of the date of this news release that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the Company that has not been generally disclosed.
Contact:
Chief Executive Officer
Email: jt@element79.gold
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