Peruvian Metals Provides Bi-Weekly MCTO Status Update
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) has provided a bi-weekly default status report regarding its Management Cease Trade Order (MCTO). The company applied for the MCTO on July 22, 2024, due to a delay in filing its audited annual financial statements for the year ended March 31, 2024. The MCTO, issued on July 30, 2024, restricts the CEO and CFO from trading company securities until required filings are completed.
Initially expecting to file by August 16, 2024, the company now anticipates filing the Required Documents by August 30, 2024. Peruvian Metals confirms no material changes since the original announcement, no failures in fulfilling alternative information guidelines, and no other specified defaults under NP 12-203. The company will continue to comply with alternative information guidelines while in default.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ha fornito un rapporto sullo stato di default bisettimanale riguardante il suo Ordine di Arresto della Gestione (MCTO). L'azienda ha presentato domanda per l'MCTO il 22 luglio 2024, a causa di un ritardo nella presentazione dei suoi bilanci annuali certificati per l'anno conclusosi il 31 marzo 2024. L'MCTO, emesso il 30 luglio 2024, limita il CEO e il CFO dal negoziare titoli dell'azienda finché non sono completati i documenti richiesti.
Inizialmente si aspettava di presentare entro il 16 agosto 2024, ora l'azienda prevede di inviare i Documenti Richiesti entro il 30 agosto 2024. Peruvian Metals conferma che non ci sono stati cambiamenti materiali dalla comunicazione originale, nessun fallimento nel soddisfare le linee guida per informazioni alternative e nessun altro default specificato ai sensi del NP 12-203. L'azienda continuerà a conformarsi alle linee guida per le informazioni alternative mentre è in stato di default.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ha proporcionado un informe sobre el estado de incumplimiento quincenal relacionado con su Orden de Cese de Comercio por Gestión (MCTO). La empresa solicitó el MCTO el 22 de julio de 2024, debido a un retraso en la presentación de sus estados financieros anuales auditados para el año que finalizó el 31 de marzo de 2024. El MCTO, emitido el 30 de julio de 2024, prohíbe al CEO y al CFO comerciar con valores de la empresa hasta que se completen los documentos requeridos.
Inicialmente se esperaba presentar para el 16 de agosto de 2024, pero ahora la empresa anticipa presentar los Documentos Requeridos para el 30 de agosto de 2024. Peruvian Metals confirma que no ha habido cambios materiales desde el anuncio original, ninguna falla en cumplir con las pautas de información alternativa y ningún otro incumplimiento especificado bajo NP 12-203. La empresa continuará cumpliendo con las pautas de información alternativa mientras esté en incumplimiento.
페루메탈스 코프(Peruvian Metals Corp.) (TSXV: PER) (OTCQB: DUVNF)는 경영 중단 명령 (MCTO)에 대한 격주 보고서를 제공했습니다. 이 회사는 2024년 3월 31일로 종료된 연례 감사 재무제표 제출 지연으로 인해 2024년 7월 22일에 MCTO를 신청했습니다. 2024년 7월 30일에 발급된 MCTO는 CEO와 CFO가 필요한 서류가 완료될 때까지 회사 증권 거래를 제한합니다.
당초 2024년 8월 16일까지 제출할 것으로 예상했으나, 현재 회사는 2024년 8월 30일까지 필요한 문서를 제출할 것으로 예상합니다. 페루메탈스는 원래 발표 이후 중요한 변화가 없음을 확인하며, 대체 정보 지침을 충족하는 데 실패한 사항이나 NP 12-203에 따라 지정된 다른 불이행 사항이 없음을 확인합니다. 회사는 기본 상태에 있는 동안 대체 정보 지침을 준수할 것입니다.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) a fourni un rapport sur l'état de défaut bihebdomadaire concernant son Ordre d'Interdiction de Négociation par la Direction (MCTO). L'entreprise a demandé le MCTO le 22 juillet 2024, en raison d'un retard dans le dépôt de ses états financiers annuels audités pour l'année se terminant le 31 mars 2024. Le MCTO, délivré le 30 juillet 2024, interdit au PDG et au DAF de négocier les titres de l'entreprise jusqu'à ce que les dépôts requis soient finalisés.
Initialement, l'entreprise s'attendait à soumettre d'ici le 16 août 2024, mais maintenant elle prévoit de déposer les documents requis d'ici le 30 août 2024. Peruvian Metals confirme qu'il n'y a eu aucun changement matériel depuis l'annonce initiale, aucun manquement aux directives d'information alternatives et aucun autre défaut spécifié dans le cadre de NP 12-203. L'entreprise continuera de se conformer aux directives d'information alternatives pendant la période de défaut.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) hat einen zweiwöchentlichen Bericht über den Status der Default hinsichtlich seiner Management Cease Trade Order (MCTO) vorgelegt. Das Unternehmen beantragte die MCTO am 22. Juli 2024, aufgrund einer Verzögerung bei der Einreichung seiner geprüften Jahresabschlüsse zum Ende des Jahres 31. März 2024. Die MCTO, die am 30. Juli 2024 ausgegeben wurde, schränkt den CEO und den CFO des Unternehmens ein, bis die erforderlichen Einreichungen abgeschlossen sind, mit dem Handel von Unternehmenswertpapieren.
Ursprünglich wurde eine Einreichung bis zum 16. August 2024 erwartet, nun rechnet das Unternehmen mit der Einreichung der erforderlichen Dokumente bis zum 30. August 2024. Peruvian Metals bestätigt, dass seit der ursprünglichen Ankündigung keine wesentlichen Änderungen eingetreten sind, keine Versäumnisse bei der Einhaltung der alternativen Informationsrichtlinien vorliegen und keine anderen spezifischen Defaults gemäß NP 12-203. Das Unternehmen wird weiterhin die alternativen Informationsrichtlinien während des Default befolgen.
- None.
- Delay in filing audited annual financial statements and related documents
- Management Cease Trade Order (MCTO) issued, restricting CEO and CFO from trading company securities
- Extension of filing deadline from August 16 to August 30, 2024
Edmonton, Alberta--(Newsfile Corp. - August 7, 2024) - Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company"), a Canadian exploration and mineral processing company with operations in Peru, is providing a bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").
On July 22, 2024, the Company announced that it applied for a management cease trade order ("MCTO") with the Alberta Securities Commission ("ASC") in connection with the delay in filing of its audited annual financial statements for the year ended March 31, 2024, related management discussion and analysis and CEO and CFO certificates (collectively, the "Required Documents") by the prescribed filing deadline (the "Original Announcement"). At that time, based on information then-available, the Company expected to file the Required Documents by August 16, 2024. The MCTO was issued on July 30, 2024 and restricts its Chief Executive Officer and Chief Financial Officer from trading in securities of the Company, whether direct or indirect, until two full business days following the receipt by the ASC of all filings the Company is required to make under Alberta securities law (including the Required Documents). The MCTO does not affect the ability of other shareholders, including the public, to trade in securities of the Company.
The Company's management continues to work diligently to complete the Required Documents. The Company now expects that the Required Documents will be filed by August 30, 2024.
The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement 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 it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Documents.
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, 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/219183
FAQ
Why did Peruvian Metals Corp (DUVNF) receive a Management Cease Trade Order?
When does Peruvian Metals Corp (DUVNF) expect to file its Required Documents?
What restrictions does the MCTO place on Peruvian Metals Corp (DUVNF)?
Does the MCTO affect public trading of Peruvian Metals Corp (DUVNF) shares?
