Green River Gold Corp. Provides Bi-Weekly Status Report
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) has provided a bi-weekly default status report regarding its Management Cease Trade Order (MCTO). The company failed to file its required annual financial documents for the year ended September 30, 2024, by the January 28, 2025 deadline.
The company is currently working to complete a $900,000 convertible debenture financing, expected to close in the week of March 24, 2025. This financing is important for initiating the audit process. The MCTO deadline of March 28, 2025, for Annual Filings will not be met due to the delayed start of the audit. During this period, directors, officers, and insiders are restricted from trading company securities.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) ha fornito un rapporto bi-settimanale sullo stato di default riguardante il suo Management Cease Trade Order (MCTO). L'azienda non è riuscita a presentare i documenti finanziari annuali richiesti per l'anno chiuso il 30 settembre 2024, entro la scadenza del 28 gennaio 2025.
L'azienda sta attualmente lavorando per completare un finanziamento tramite obbligazioni convertibili da $900,000, previsto per chiudere nella settimana del 24 marzo 2025. Questo finanziamento è importante per avviare il processo di audit. La scadenza del MCTO del 28 marzo 2025 per le presentazioni annuali non sarà rispettata a causa del ritardo nell'inizio dell'audit. Durante questo periodo, i direttori, gli ufficiali e gli insider sono vietati dal commerciare titoli della società.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) ha proporcionado un informe de estado de incumplimiento quincenal respecto a su Orden de Cese de Comercio por Parte de la Dirección (MCTO). La empresa no presentó los documentos financieros anuales requeridos para el año que finalizó el 30 de septiembre de 2024, antes de la fecha límite del 28 de enero de 2025.
Actualmente, la empresa está trabajando para completar un financiamiento de debentures convertibles de $900,000, que se espera cierre en la semana del 24 de marzo de 2025. Este financiamiento es importante para iniciar el proceso de auditoría. La fecha límite del MCTO del 28 de marzo de 2025 para las presentaciones anuales no se cumplirá debido al retraso en el inicio de la auditoría. Durante este período, los directores, funcionarios e insiders tienen restricciones para negociar valores de la empresa.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF)는 경영 중지 거래 명령(MCTO)에 관한 격주 기본 상태 보고서를 제공했습니다. 이 회사는 2024년 9월 30일 종료된 연도의 필수 연간 재무 문서를 2025년 1월 28일 마감일까지 제출하지 못했습니다.
현재 이 회사는 $900,000의 전환사채 자금 조달을 완료하기 위해 노력하고 있으며, 이는 2025년 3월 24일 주에 마감될 것으로 예상됩니다. 이 자금 조달은 감사 프로세스를 시작하는 데 중요합니다. 감사 시작의 지연으로 인해 연간 제출을 위한 MCTO 마감일인 2025년 3월 28일은 충족되지 않을 것입니다. 이 기간 동안 이사, 임원 및 내부자는 회사 증권 거래가 제한됩니다.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) a fourni un rapport bi-hebdomadaire sur l'état de défaut concernant son Ordre d'Arrêt de Commerce de Gestion (MCTO). L'entreprise n'a pas réussi à déposer ses documents financiers annuels requis pour l'année se terminant le 30 septembre 2024, avant la date limite du 28 janvier 2025.
L'entreprise travaille actuellement à finaliser un financement par obligations convertibles de 900 000 $, qui devrait se clôturer durant la semaine du 24 mars 2025. Ce financement est important pour initier le processus d'audit. La date limite du MCTO du 28 mars 2025 pour les dépôts annuels ne sera pas respectée en raison du retard dans le début de l'audit. Pendant cette période, les administrateurs, les dirigeants et les initiés sont interdits de négocier des titres de la société.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) hat einen zweiwöchentlichen Bericht über den Status des Verzugs bezüglich seiner Management Cease Trade Order (MCTO) veröffentlicht. Das Unternehmen hat es versäumt, die erforderlichen Jahresfinanzdokumente für das am 30. September 2024 endende Jahr bis zur Frist am 28. Januar 2025 einzureichen.
Das Unternehmen arbeitet derzeit daran, eine finanzierung über wandelbare Anleihen in Höhe von 900.000 USD abzuschließen, die in der Woche vom 24. März 2025 erwartet wird. Diese Finanzierung ist wichtig, um den Prüfungsprozess einzuleiten. Die MCTO-Frist für die jährlichen Einreichungen am 28. März 2025 wird aufgrund des verzögerten Beginns der Prüfung nicht eingehalten. In dieser Zeit sind Direktoren, Führungskräfte und Insider vom Handel mit Unternehmenswertpapieren ausgeschlossen.
- Secured $900,000 convertible debenture financing closing expected by March 24, 2025
- Failed to meet annual financial filing deadline of January 28, 2025
- Will miss extended MCTO deadline of March 28, 2025 for Annual Filings
- Audit process has not started yet
- Trading restrictions imposed on company insiders
Edmonton, Alberta--(Newsfile Corp. - March 21, 2025) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company") is providing this bi-weekly default status report in accordance with National Policy 12-203 – Management Cease Trade Orders ("NP 12-203").
On February 6, 2025, the Company disseminated a news release (the "MCTO Notice") disclosing that it had voluntarily applied to the Alberta Securities Commission (the "ASC") for a management cease trade order ("MCTO") as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management discussion & analysis (the "Annual Filings") for the year ended September 30, 2024 by the filing deadline of January 28, 2025. On February 6, 2025, the Company announced that the ASC granted the MCTO.
The Company confirms that since the date of the MCTO Notice: (i) there has been no material change to the information set out in the MCTO Notice that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.
The Company confirms that its directors, officers and insiders cannot trade the Company's securities until the Annual Filings have been made.
The Company is working diligently to facilitate the audit of the financial statements for the year ended September 30, 2024. The key to this happening is closing the issue of
About Green River Gold Corp.
Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned Fontaine Gold Project, Quesnel Nickel/Magnesium/Talc Project, and Kymar Silver Project which are located in renowned mining districts in British Columbia.
The Fontaine Gold and Quesnel Nickel properties cover an area exceeding 200 square kilometres and straddle a 32-kilometre length of the Barkerville and Quesnel Terranes. They are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo Gold Project.
The Kymar Silver Project is located in southeast BC, approximately 28 kilometres west of the town of Invermere in the Golden Mining Division. The property is made up of two mineral tenures, totaling 1,625 hectares, along the southeast flank of Mount Catherine.
For more information contact:
Green River Gold Corp.
Mr. Perry Little
President and Chief Executive Officer
780-993-2193
Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedarplus.ca.
Forward-Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information.
In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct.
The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.
The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245683
FAQ
Why did Green River Gold Corp (CCRRF) receive a Management Cease Trade Order in 2025?
What is the size of the convertible debenture financing announced by CCRRF?
When is CCRRF expected to complete its Annual Filings under the MCTO?
What trading restrictions are in place for CCRRF under the Management Cease Trade Order?
