Green River Gold Corp. Requests Management Cease Trade Order to Allow for Finalization of Pending Annual Financial Statements and Management's Discussion and Analysis
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has requested a temporary Management Cease Trade Order (MCTO) from the Alberta Securities Commission (ASC) regarding the delayed filing of its annual financial statements for the year ended September 30, 2024. The delay is attributed to increased complexity in financial statements due to the company's expansion into a new line of business.
The required Annual Filings deadline is January 29, 2025, but the company expects to complete them by March 28, 2025. The MCTO would prohibit management from trading company securities until the Annual Filings are completed. During this period, management and insiders are subject to a trading black-out. The company will follow alternative information guidelines as required by National Policy 12-203.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) ha richiesto un'ordinanza temporanea di cessazione del commercio gestionale (MCTO) dalla Commissione per i valori mobiliari dell'Alberta (ASC) riguardo al ritardo nella presentazione dei suoi bilanci annuali per l'anno conclusosi il 30 settembre 2024. Il ritardo è attribuito all'aumento della complessità dei bilanci a causa dell'espansione dell'azienda in una nuova linea di business.
La scadenza per le presentazioni annuali richieste è il 29 gennaio 2025, ma l'azienda prevede di completarle entro il 28 marzo 2025. L'MCTO vieterebbe alla direzione di scambiare titoli dell'azienda fino al completamento delle presentazioni annuali. Durante questo periodo, la direzione e gli insider saranno soggetti a un blocco commerciale. L'azienda seguirà le linee guida alternative per l'informazione come previsto dalla Politica Nazionale 12-203.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) ha solicitado una orden de cese de comercio administrativo temporal (MCTO) a la Comisión de Valores de Alberta (ASC) en relación con el retraso en la presentación de sus estados financieros anuales para el año que terminó el 30 de septiembre de 2024. El retraso se atribuye a una mayor complejidad en los estados financieros debido a la expansión de la empresa en una nueva línea de negocio.
La fecha límite para la presentación anual requerida es el 29 de enero de 2025, pero la empresa espera completarla para el 28 de marzo de 2025. El MCTO prohibiría a la dirección comerciar con los valores de la empresa hasta que se completen las presentaciones anuales. Durante este período, la dirección y los internos estarán sujetos a un bloqueo comercial. La empresa seguirá las pautas de información alternativa según lo exigido por la Política Nacional 12-203.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF)는 알버타 증권 위원회(ASC)에 대해 2024년 9월 30일 종료 연도의 연간 재무제표 제출 지연에 관한 임시 경영 중단 영장(MCTO)을 요청했습니다. 지연은 회사의 새로운 사업 분야 확장으로 인해 재무제표의 복잡성이 증가한 것에 기인합니다.
필수 연간 제출 기한은 2025년 1월 29일이지만, 회사는 2025년 3월 28일까지 이를 완료할 것으로 예상하고 있습니다. MCTO는 연간 제출이 완료될 때까지 경영진이 회사 증권을 거래하는 것을 금지할 것입니다. 이 기간 동안 경영진과 내부자는 거래 블랙아웃 상태에 있습니다. 회사는 국가 정책 12-203에 따라 요구되는 대체 정보 지침을 따를 것입니다.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) a demandé une ordonnance temporaire de cessation de la négociation par la direction (MCTO) à la Commission des valeurs mobilières de l'Alberta (ASC) concernant le retard dans le dépôt de ses états financiers annuels pour l'exercice clos le 30 septembre 2024. Le retard est attribué à une complexité accrue des états financiers en raison de l'expansion de l'entreprise dans une nouvelle ligne d'activité.
La date limite pour les dépôts annuels requis est le 29 janvier 2025, mais l'entreprise s'attend à les finaliser d'ici le 28 mars 2025. Le MCTO interdirait à la direction de négocier des titres de l'entreprise jusqu'à ce que les dépôts annuels soient complétés. Pendant cette période, la direction et les initiés sont soumis à un blackout commercial. L'entreprise suivra les directives d'information alternatives comme l'exige la Politique nationale 12-203.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) hat bei der Alberta Securities Commission (ASC) eine tijdelijke Verwaltungsunterbrechungsanordnung (MCTO) beantragt, die sich auf die verspätete Einreichung ihrer Jahresfinanzberichte für das Jahr zum 30. September 2024 bezieht. Die Verzögerung ist auf die zunehmende Komplexität der Finanzberichte aufgrund der Expansion des Unternehmens in einen neuen Geschäftszweig zurückzuführen.
Die Frist für die erforderlichen Jahresberichte endet am 29. Januar 2025, jedoch erwartet das Unternehmen, diese bis zum 28. März 2025 abzuschließen. Die MCTO würde der Geschäftsführung den Handel mit Unternehmenswertpapieren bis zur Fertigstellung der Jahresberichte verbieten. Während dieses Zeitraums unterliegt die Geschäftsführung und interne Personen einem Handelsverbot. Das Unternehmen wird die alternativen Informationsrichtlinien gemäß der Nationalen Richtlinie 12-203 befolgen.
- None.
- Delay in filing annual financial statements beyond regulatory deadline
- Trading restrictions on management pending financial statements completion
- Increased complexity in financial reporting due to business expansion
Edmonton, Alberta--(Newsfile Corp. - January 28, 2025) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company") announces that it has requested a temporary Management Cease Trade Order ("MCTO") from the Alberta Securities Commission ("ASC") in connection with the Company's filing of its audited annual financial statements, management's discussion and analysis and the applicable CEO and CFO certifications in respect of such filings for the financial year ended September 30, 2024 (collectively the "Annual Filings").
The Company's financial statements have significantly increased in complexity over the last year due to the Company's expansion into a new line of business. The Company is requesting the MCTO in order to secure additional time for the Company's auditors to complete the audit of the financial statements for the year ended September 30, 2024.
Accordingly, the Company has applied to the ASC for the MCTO that will prohibit the management of the Company from trading in the securities of the Company until such time as the Annual Filings are filed. No decision has yet been made by the ASC on this application. The ASC may grant the application and issue the MCTO or it may impose an issuer cease trade order if the Annual Filings are not filed in a timely fashion.
The Company notes that:
- The Company is required to file its September 30, 2024 Annual Filings by January 29, 2025 (the "Filing Deadline"), as required pursuant to National Instrument 51-102 - Continuous Disclosure Obligations. At this time the Company is uncertain as to whether it will be able to complete its Annual Filings on or before the Filing Deadline.
- The Company and its auditors are working diligently to prepare and file the Annual Filings, on or before March 28, 2025.
- The Company confirms that, other than as disclosed in prior press releases, there is no material information concerning the affairs of the Company that has not been generally disclosed since the filing on August 29, 2024 of the Company's latest interim financial reports for the three and nine months ended June 30, 2024 & 2023.
- Until the Company has filed the Annual Filings, members of the Company's management and other insiders are subject to an insider trading black-out.
- During the period of default and until filing of the Annual Filings, the Company intends to satisfy the provisions of the alternative information guidelines as required by National Policy 12-203 Management Cease Trade Orders.
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, totalling 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/238772
FAQ
Why did Green River Gold Corp (CCRRF) request a Management Cease Trade Order in January 2025?
When will CCRRF file its delayed 2024 annual financial statements?
What trading restrictions apply during CCRRF's MCTO period?
What caused the delay in CCRRF's 2024 annual financial statements?
