Pacific Arc Resources Ltd. Announces Revocation of Cease Trade Order and Reinstatement of Trading

Core Viewpoint - The British Columbia Securities Commission has revoked the failure to file cease trade order for Pacific Arc Resources Ltd, allowing the company to proceed with its trading reinstatement process [1][2]. Group 1: Financial Compliance - The initial cease trade order was due to delays in filing annual financial statements for the fiscal year ended January 31, 2025, which were due by May 31, 2025 [2]. - A second cease trade order was issued for the delay in filing interim financial statements for the period ended July 31, 2025 [2]. Group 2: Corporate Governance - The company is under a 90-day notice to hold its next Annual General Meeting (AGM) due to non-compliance with Exchange Policy 3.2, section 4.1, with the AGM anticipated to be held on or before January 15, 2026 [3]. - Stephen Brohman has been appointed as the new CFO effective July 22, 2025, following the resignation of Alex McAulay [3]. - The board currently consists of three members, with two being independent, and John MacPhail serves as both Chairman and CEO [4]. Group 3: Financial Transactions - The company has received unsecured loans totaling CAD $42,000 from arms-length parties, with one loan of CAD $25,000 carrying a 12% interest rate, while the others are non-interest bearing [4]. - A non-brokered private placement of 18,628,710 shares at CAD $0.015 per share was announced but subsequently terminated [5]. Group 4: Strategic Direction - The company has faced challenges in pursuing transactions over the past several years but remains committed to identifying opportunities that will provide value to shareholders [6].