Barnard said EBC has formally applied for approval from Canada’s Minister of Finance to discontinue under the Bank Act. Management expects the required regulatory approvals will be granted during the second fiscal quarter of the current year, after which the company plans to liquidate EBC’s remaining assets and liabilities and distribute the net assets to CXI as sole shareholder. As of Jan. 31, 2026, net assets directly associated with EBC were approximately $4.7 million.Group CFO Gerhard Barnard said the c ...