Peruvian Metals Announces Application for Management Cease Trade Order
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) announces a delay in filing its annual financial statements and related documents for the fiscal year ended March 31, 2024. The delay is due to difficulties experienced by the company's auditors, Zeifmans LLP, in obtaining information from local auditors in Peru. The company expects to file the required documents by August 16, 2024, instead of the original deadline of July 29, 2024.
As a result, Peruvian Metals has applied for a management cease trade order to restrict trading in company securities by its CEO and CFO. The company intends to comply with alternative information guidelines while the filings remain outstanding and confirms there are no insolvency proceedings against it.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) annuncia un ritardo nel deposito dei suoi bilanci annuali e dei documenti correlati per l'esercizio fiscale chiuso il 31 marzo 2024. Il ritardo è dovuto a difficoltà incontrate dai revisori contabili della società, Zeifmans LLP, nel ottenere informazioni dai revisori locali in Perù. L'azienda prevede di presentare i documenti richiesti entro 16 agosto 2024, invece della scadenza originale del 29 luglio 2024.
Di conseguenza, Peruvian Metals ha richiesto un ordine di cessazione della gestione delle negoziazioni per limitare il trading dei titoli aziendali da parte del suo CEO e CFO. La società intende conformarsi alle linee guida per l'informazione alternativa mentre i depositi restano pendenti e conferma che non ci sono procedure di insolvenza nei suoi confronti.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) anuncia un retraso en la presentación de sus estados financieros anuales y documentos relacionados para el año fiscal que terminó el 31 de marzo de 2024. El retraso se debe a las dificultades experimentadas por los auditores de la compañía, Zeifmans LLP, para obtener información de los auditores locales en Perú. La empresa espera presentar los documentos requeridos para el 16 de agosto de 2024, en lugar de la fecha límite original del 29 de julio de 2024.
Como resultado, Peruvian Metals ha solicitado una orden de cese de comercio por parte de la gestión para restringir la negociación de los valores de la empresa por parte de su CEO y CFO. La compañía tiene la intención de cumplir con las pautas de información alternativa mientras los depósitos estén pendientes y confirma que no hay procedimientos de insolvencia en su contra.
페루 메탈스 코퍼레이션( TSXV: PER) (OTCQB: DUVNF)은 2024년 3월 31일 종료된 회계 연도에 대한 연례 재무 제표 및 관련 문서 제출이 지연되었다고 발표했습니다. 이 지연은 회사의 감사인인 Zeifmans LLP가 페루의 현지 감사인으로부터 정보를 받는 데 어려움이 있었기 때문입니다. 회사는 원래 마감일인 2024년 7월 29일 대신 2024년 8월 16일까지 필요한 문서를 제출할 것으로 예상하고 있습니다.
그 결과, 페루 메탈스는 CEO와 CFO의 회사 증권 거래를 제한하기 위해 경영 정지 명령을 신청했습니다. 회사는 제출이 진행되는 동안 대체 정보 지침을 준수할 계획이며, 자산 압류 절차가 진행 중이 아님을 확인합니다.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) annonce un retard dans le dépôt de ses états financiers annuels et des documents connexes pour l'exercice fiscal clos le 31 mars 2024. Ce retard est dû aux difficultés rencontrées par les réviseurs de la société, Zeifmans LLP, pour obtenir des informations de la part des réviseurs locaux au Pérou. L'entreprise s'attend à déposer les documents requis d'ici le 16 août 2024, au lieu de la date limite initiale du 29 juillet 2024.
En conséquence, Peruvian Metals a demandé un ordre de cessation de négoce par la direction pour restreindre le commerce des valeurs mobilières de l'entreprise par son PDG et son directeur financier. La société a l'intention de se conformer aux directives d'information alternatives tant que les dépôts restent en suspens et confirme qu'aucune procédure d'insolvabilité n'est en cours contre elle.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) gibt eine Verzögerung bei der Einreichung seiner jährlichen Finanzberichte und damit zusammenhängender Dokumente für das am 31. März 2024 endende Geschäftsjahr bekannt. Die Verzögerung ist auf Schwierigkeiten der Unternehmensprüfer, Zeifmans LLP, zurückzuführen, die Informationen von lokalen Prüfern in Peru zu erhalten. Das Unternehmen erwartet, die erforderlichen Dokumente bis zum 16. August 2024 einzureichen, statt der ursprünglichen Frist vom 29. Juli 2024.
Infolgedessen hat Peruvian Metals einen Management-Beschluss zur Handelsaussetzung beantragt, um den Handel mit Unternehmenswertpapieren durch seinen CEO und CFO einzuschränken. Das Unternehmen beabsichtigt, den Richtlinien für alternative Informationen nachzukommen, solange die Einreichungen ausstehen, und bestätigt, dass keine Insolvenzverfahren gegen es laufen.
- None.
- Delay in filing annual financial statements and related documents
- Potential management cease trade order restricting trading by CEO and CFO
- Difficulties in obtaining information from local auditors in Peru
Edmonton, Alberta--(Newsfile Corp. - July 22, 2024) - Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company"), a Canadian exploration and mineral processing company with operations in Peru, announces that it expects a delay in filing its annual financial statements and management's discussion and analysis and related officer certifications for the financial year ended March 31, 2024 (collectively, the "Required Filings") which are required to be filed on or before July 29, 2024. The expected delay in filing the Required Filings is a result of difficulties experienced by the company's auditors, Zeifmans LLP, Chartered Accountants (the "Auditor"), in obtaining information and documentation from the Company's downstream local auditors in Peru. The Auditor has now begun receiving such information and documentation but expects that as a result there will be a delay in filing the Required Filings. The Company is continuing to work with the Auditor to complete the Required Filings as soon as possible and currently expects to file them on www.SEDARPLUS.ca by no later than August 16, 2024.
In connection with the delay in filing, the Company has applied to the applicable Canadian securities regulators for the issuance of a management cease trade order which would restrict all trading in securities of the Company by the Company's Chief Executive Officer and Chief Financial Officer.
The Company intends to satisfy the provisions of the alternative information guidelines set out in sections 9 and 10 of National Policy 12-203 - Management Cease Trade Orders so long as the Required Filings remain outstanding. The Company confirms as of the date of this news release that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the Company that has not been generally disclosed.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade sulphide concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.
For further information about Peruvian Metals Corp. please visit www.peruvianmetals.com.
Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange : Symbol "PER", and the OTCQB Venture Market: Symbol "DUVNF".
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information:
Certain statements made in this press release may constitute "forward-looking information," "future oriented financial information" or "financial outlooks" (collectively, "forward-looking information") within the meaning of applicable securities laws. The forward-looking information are often, but not always, identified using words such as "seek", "anticipate", "plan", "estimate", "expect", "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking information, readers should not place undue reliance on such information. The risks and uncertainties include, but are not limited to, whether the Company will be able to obtain regulatory approval for the management cease trade order and the anticipating timing of filing the Required Filings. Forward-looking information is current as of the date it is made and is based on reasonable estimates and assumptions made by us at the relevant time in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances.
To the extent any forward-looking information in this press release constitutes "future oriented financial information" or "financial outlooks", within the meaning of applicable securities laws, the purpose of such information being provided is to demonstrate the potential of the Company and readers are cautioned that this information may not be appropriate for any other purpose. However, we do not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in Canada.
There can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking information, including but not limited to the factors described in the public documents of the Company available under its profile on SEDARPLUS at www.SEDARPLUS.ca. The Company cautions that these factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217362
FAQ
Why is Peruvian Metals (DUVNF) delaying its annual financial filings?
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