Management Cease Trade Order

Search documents
Prime Drink Group Provides Bi-Weekly MCTO Status Report
Globenewswire· 2025-08-30 00:00
Core Viewpoint - Prime Drink Group Corp. has received an extension from the British Columbia Securities Commission to file its annual financial statements, now due by September 29, 2025, following a management cease trade order [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO prohibits the Chief Executive Officer and Chief Financial Officer from trading the company's securities until the annual financial filings are submitted and the MCTO is revoked [2]. - Shareholders retain the ability to trade their securities despite the MCTO [2]. Group 2: Financial Filing Extension - The deadline for filing the annual financial statements for the period ended March 31, 2025, has been extended to September 29, 2025 [1]. - The company is actively working to meet this new deadline [2]. Group 3: Compliance and Reporting - The company will continue to comply with alternative information guidelines by issuing bi-weekly default status reports until the annual financial filings are submitted [3].
Newlox Provides Update on Status of Financial Statements
Thenewswire· 2025-08-27 03:10
Group 1 - The Corporation, Newlox Gold Ventures Corp., is currently unable to file its audited financial statements for the fiscal year ended March 31, 2025, by the deadline of July 29, 2025, due to a management change and difficulties in obtaining necessary documents from Costa Rica for the audit [1][3] - A management cease trade order (MCTO) was issued by the British Columbia Securities Commission on July 30, 2025, prohibiting the Chief Executive Officer and Chief Financial Officer from trading in the Corporation's securities until the required filings are completed [2] - The Corporation has committed to providing bi-weekly default status reports in accordance with National Policy 12-203 while it remains in default of the filing requirements [5] Group 2 - Newlox Gold Ventures Corp. is focused on the recovery of gold and silver from artisanal and small-scale mining operations across Latin America, utilizing technology to recover precious metals and contribute to local economic development [6]
Prime Drink Group Provides Bi-Weekly MCTO Status Report and Announces Closing of Private Placement
Globenewswire· 2025-08-16 00:44
Core Points - Prime Drink Group Corp. has received an extension from the British Columbia Securities Commission to file its annual financial statements, now due by September 29, 2025 [1][2] - A management cease trade order has been issued, preventing the CEO and CFO from trading the company's securities until the annual financial filings are submitted [2] - The company will continue to provide bi-weekly default status reports until the annual financial filings are completed [3] Private Placement - The company completed a non-brokered private placement, raising gross proceeds of $845,000, issuing 10,242,424 common shares and 7,681,818 warrants [4] - Broker warrants were issued as finders' fees, totaling 921,818, with the same purchase price of $0.11 per share for three years [5] - The net proceeds from the private placement will be used for business development and general working capital [6]
Altima Energy Provides MCTO Status Update and Conditional Acceptance to Close Financing for Gross Proceeds of $5,500,000
Newsfile· 2025-08-02 01:22
Core Viewpoint - Altima Energy Inc. is currently under a management cease trade order (MCTO) due to delays in filing required financial documents, while also securing conditional approval for a private placement financing of $5,500,000 [1][2][6]. Group 1: MCTO Details - The MCTO was applied for on July 2, 2025, due to delays in filing audited annual financial statements for the year ended February 28, 2025, and related documents [2]. - The MCTO restricts the Chief Executive Officer and Chief Financial Officer from trading in the company's securities until the required documents are filed and the MCTO is revoked [2]. - The company expects to file the required documents by August 29, 2025, and the interim financial report for Q1 2025 is now expected to be filed by September 1, 2025 [3]. Group 2: Financing Details - The company received conditional acceptance from the TSX Venture Exchange to close a financing round totaling $5,500,000, which involves issuing 20,000,000 units at a price of $0.275 per unit [6][7]. - Each unit consists of one common share and one share purchase warrant, with the warrants exercisable at $0.40 per share for two years [7]. - A portion of the financing proceeds will be allocated to repay a loan of $2,300,000, pending Exchange approval [8]. Group 3: Company Overview - Altima Energy Inc. is an oil and gas exploration and production company based in Vancouver, focusing on hydrocarbon asset development across North America [9]. - The company aims to drive operational excellence and sustainable growth through advanced technology and industry expertise, with a commitment to long-term value creation for shareholders [9].
Germanium Mining Corp. Corporate Update
Thenewswire· 2025-07-31 02:25
The Company is applying for an MCTO, which if granted, will restrict all trading in securities of the Company by the CEO, CFO, and other insiders of the Company until the Required Filings are filed. The MCTO does not affect the ability of other shareholders to trade in the Company's securities. The Company confirms that it intends to satisfy the provisions of the alternative information guidelines set out in NP 12-203 and issue bi-weekly default status reports for as long as the Required Filings remain outs ...
Westkam Gold Corp. Provides Update on Management Cease Trade Order
Globenewswire· 2025-07-29 11:15
Vancouver, BC, Canada, July 29, 2025 (GLOBE NEWSWIRE) -- WestKam Gold Corp. (TSXV:WKG) (the “Company” or “WestKam”), is providing a bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). On July 2, 2025 (the “MCTO Announcement”), the Company announced that it had applied to the British Columbia Securities Commission (the “BCSC”) for a management cease trade order (the “MCTO”) in connection with the delay by the Company in filing its interim f ...
Regenx Announces Delay in Filing of Annual Filings and Application for Management Cease Trade Order
Globenewswire· 2025-07-24 23:07
Core Viewpoint - Regenx Tech Corp. is facing delays in filing its annual financial statements due to payment issues with its auditor, which has led to the need for a management cease trade order application to the Alberta Securities Commission [1][2][3] Group 1: Filing Delays - The Corporation will not meet the July 29, 2025 deadline for its Annual Filings due to delays in auditor payment [1] - Regenx expects to file the Annual Filings by September 29, 2025, and will issue a news release upon completion [3] - The delay in filing is attributed to the inability to pay the auditor, which has hindered the completion of the audit [1][3] Group 2: Management Cease Trade Order - In response to the filing delay, the Corporation has applied for a management cease trade order (MCTO) to prevent management from trading securities until the filings are completed [2] - The Alberta Securities Commission has not yet made a decision on the MCTO application, which could lead to an issuer cease trade order if filings are not timely [2] Group 3: Compliance and Reporting - Until the Annual Filings are submitted, the Corporation will adhere to alternative information guidelines, including bi-weekly default status reports [3] - Management and insiders are subject to an insider trading blackout policy during this period [4] Group 4: Company Overview - Regenx Tech is a cleantech company focused on recycling end-of-life diesel catalytic converters using proprietary technology to recover precious metals [5]
Altiplano Makes Application for Management Cease Trade Order As Part of the 2025 Audit Filing Process
Newsfile· 2025-07-24 19:41
Core Viewpoint - Altiplano Metals Inc. is experiencing a delay in filing its financial statements for the year ended March 31, 2025, due to the time required for audit procedures and delayed financial information from its Chilean subsidiaries. The company is applying for a Management Cease Trade Order (MCTO) to allow additional time for the completion of the audit and filing process [1][2][3]. Group 1 - The company anticipates that the audit will be completed by August 1, 2025, but has allowed for a potential completion date of up to August 30, 2025, due to uncertainties in the auditor's review process [1][2]. - The MCTO, if granted, will restrict trading by the company's CEO and CFO in the company's securities but will not affect other shareholders [3]. - The company plans to issue bi-weekly default status reports until the required filings are completed, ensuring compliance with alternative information guidelines [4]. Group 2 - Altiplano Metals is focused on gold, silver, and copper production in the Americas, with a diversified portfolio that includes exploration properties and a developing mine [5]. - The company aims to create long-term stakeholder value through sustainable production, reinvestment in exploration, and acquisition opportunities [5]. - Altiplano is part of a group of companies led by experienced professionals in the resource sector, emphasizing their capability in advancing mining projects [7].
Altima Energy Provides Bi-Weekly MCTO Status Update and Corporate Update
Newsfile· 2025-07-16 21:50
Core Viewpoint - Altima Energy Inc. is providing updates on its management cease trade order, proposed acquisitions, and a private placement financing initiative totaling up to $5,500,000 [1][4]. Group 1: Management Cease Trade Order (MCTO) - On July 2, 2025, the company applied for a management cease trade order due to delays in filing its audited annual financial statements for the year ended February 28, 2025 [2]. - The MCTO restricts the CEO and CFO from trading in the company's securities until the required documents are filed and the order is revoked [2]. - The company expects to file the required documents by August 29, 2025 [2]. Group 2: Property Acquisition - The company has paid a non-refundable deposit of $150,000 for the prospective acquisition of the Red Earth Property in Northern Alberta, with a total consideration of $1,050,000 CAD [3]. - This acquisition is arms-length, and while no binding agreement is in place yet, the company anticipates finalizing it upon closing the financing [3]. Group 3: Private Placement Financing - On July 8, 2025, the company announced a private placement for gross proceeds of up to $5,500,000, pending acceptance by the TSX Venture Exchange [4]. - The anticipated closing date for the private placement is around July 18, 2025 [4]. Group 4: Company Status and Compliance - The company confirms that there have been no material changes to the information disclosed in the original announcement and continues to comply with NP 12-203 guidelines [5][6]. - There are no other material undisclosed affairs concerning the company [5]. Group 5: Company Overview - Altima Energy is an oil and gas exploration and production company based in Vancouver, focusing on hydrocarbon asset development across North America [7]. - The company aims for operational excellence and sustainable growth while enhancing shareholder returns through disciplined asset management [7].
WestKam Gold Corp. Provides Update on Management Cease Trade Order, Announces Appointment of Interim CFO and Announces Private Placement
Globenewswire· 2025-07-15 11:30
Core Viewpoint - WestKam Gold Corp. is facing a management cease trade order (MCTO) due to delays in filing interim financial statements, with the appointment of a new Interim CFO to expedite the process [1][2]. Group 1: Management and Financial Updates - The MCTO was issued by the British Columbia Securities Commission (BCSC) because the Company failed to file its interim financial statements by the June 30, 2025 deadline [1]. - The CFO, Pam Saulnier, went on unexpected medical leave, prompting the appointment of Akash Patel as the Interim CFO to assist in completing the Interim Filings [2][6]. - The MCTO restricts the CEO and CFO from trading the Company's securities until the Interim Filings are submitted and the MCTO is revoked, but it does not affect shareholders' trading abilities [3]. Group 2: Compliance and Reporting - The Company is adhering to National Policy 12-203 regarding Management Cease Trade Orders, which includes issuing bi-weekly default status reports until the Interim Filings are completed [4]. - As of the latest update, there have been no material changes to the information in the MCTO Announcement, and the Company has not failed to meet its stated intentions regarding the Guidelines [5]. Group 3: Private Placement - WestKam Gold Corp. plans to undertake a non-brokered private placement to raise up to $250,000 through the sale of up to 3,571,428 units at a price of $0.07 each [7]. - Each unit will consist of one common share and one common share purchase warrant exercisable at $0.10 for two years following the close of the Offering [7]. - Proceeds from the Offering will be used for exploration on the Will Property and for unallocated working capital, subject to regulatory approvals [8]. Group 4: Company Overview - WestKam Gold Corp. focuses on acquiring and developing mineral properties in Western Canada, seeking projects in established mining districts with potential for significant resources [10].