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Newlox Provides Update On Status Of Financial Statements
Thenewswire· 2025-08-13 21:05
Core Viewpoint - Newlox Gold Ventures Corp. is currently facing a delay in filing its audited financial statements for the fiscal year ended March 31, 2025, primarily due to a change in management and difficulties in obtaining necessary documents from Costa Rica for the audit [1][3]. Group 1 - The Corporation announced it would not be able to file its Annual Financial Statements and related documents by the deadline of July 29, 2025 [1]. - A management cease trade order (MCTO) was issued by the British Columbia Securities Commission on July 30, 2025, prohibiting the CEO and CFO from trading in the Corporation's securities until the Required Filings are submitted [2]. - The Corporation has committed to providing bi-weekly default status reports to comply with the alternative information guidelines under NP 12-203 while remaining in default [5]. Group 2 - Since the initial default announcement, there have been no material changes to the information disclosed, and the Corporation has not failed to meet its stated intentions regarding the alternative information guidelines [4]. - Newlox Gold Ventures Corp. is focused on recovering gold and silver from artisanal and small-scale mining operations in Latin America, utilizing technology to recover precious metals and contribute to local economic development [6].
Red White & Bloom Brands Provides Update on Status of Annual Filings
Globenewswire· 2025-06-13 22:00
Core Viewpoint - Red White & Bloom Brands Inc. is currently under a management cease trade order (MCTO) due to delays in filing its financial statements for the fiscal year ended December 31, 2024, and is providing updates on the status of this order [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO was granted on May 1, 2025, by the British Columbia Securities Commission under National Policy 12-203 [1][2]. - The company is required to issue bi-weekly default status reports while remaining in default of the Annual Filings requirement [5]. Group 2: Financial Filings Update - The audit for the Annual Filings is ongoing, with an expected update on the timing around June 23, 2025, if the filings are not completed by then [3]. - The company is also working on its interim financial statements for the first quarter ended March 31, 2025, which will be filed within five business days after the Annual Filings are completed [3]. Group 3: Trading Status - During the MCTO, the general investing public can continue to trade the company's common shares, but the company's CEO, president, and CFO are prohibited from trading [4]. Group 4: Company Overview - Red White & Bloom Brands Inc. operates as a multi-jurisdictional cannabis operator, focusing on major U.S. markets such as California, Florida, Missouri, Michigan, and Ohio, as well as Canadian and international markets [6].
Pasinex Announces Issuance of Failure to File Cease Trade Order
Globenewswire· 2025-05-08 11:30
Core Viewpoint - Pasinex Resources Limited has received a Failure to File Cease Trade Order from the British Columbia Securities Commission due to delays in filing its audited annual consolidated financial statements for the year ended December 31, 2024 [1][2] Group 1: Regulatory Actions - The Failure to File Cease Trade Order (FFCTO) prohibits trading of the Company's securities in Canada, including common shares on the Canadian Securities Exchange [1] - The FFCTO was issued because the Required Documents, including the audited financial statements and Management's Discussion and Analysis, were due by April 30, 2025, but were not filed on time [2] Group 2: Reasons for Delay - The delay in filing is attributed to internal changes, including the resignation of the Chief Financial Officer in late 2024 and the appointment of a new auditor and CFO in early 2025 [3] - Changes in leadership and component auditors at Pasinex AŞ, the Company's Turkish subsidiary, have also contributed to the delays in completing the audit [3] Group 3: Company Response - The Company is actively working with its accounting staff and external auditors to complete the audit and expects to file the Required Documents shortly [4] - The FFCTO will remain in effect until the Required Documents are filed, and the Company has confirmed that the order will be lifted promptly upon completion of these filings [4] Group 4: Company Overview - Pasinex Resources Limited is focused on developing a profitable zinc mining operation, with high-grade zinc deposits in Türkiye (25% to 50% zinc) and Nevada (14% to 24% zinc) [5] - Over the past decade, the joint venture in Türkiye has produced over 160 million pounds of zinc, generating more than $125 million CAD in sales from mining over 200,000 tonnes of ore with grades between 30% and 50% zinc [5] - The Company is advancing high-grade zinc properties, such as Sarikaya, and holds a 51% interest in the Gunman Project in Nevada [5]