Nexera Provides Update#2 on Delayed Filing of Annual Financial Statements and MD&A and Management Cease Trade Order
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) has provided an update on its delayed filing of annual financial statements and MD&A. The company is currently subject to a management cease trade order (MCTO) issued by the Alberta Securities Commission. This MCTO restricts trading in Nexera's securities by the CEO and CFO until the Annual Filings are submitted.
Nexera's management now expects to file the Annual Filings on or before September 27, 2024, later than the previously anticipated date of September 13, 2024. The company confirms that there have been no material changes since the initial Default Announcement and no additional defaults are anticipated. Nexera will continue to issue bi-weekly default status reports to comply with alternative information guidelines.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) ha fornito un aggiornamento sulla presentazione ritardata dei bilanci annuali e del MD&A. L'azienda è attualmente soggetta a un ordine di cessazione del commercio da parte della direzione (MCTO) emesso dalla Commissione per i Titoli dell'Alberta. Questo MCTO limita il commercio nei titoli di Nexera da parte del CEO e del CFO fino a quando le presentazioni annuali non sono state inviate.
La direzione di Nexera ora prevede di presentare le Filings Annuali entro il 27 settembre 2024, più tardi rispetto alla data precedentemente prevista del 13 settembre 2024. L'azienda conferma che non ci sono stati cambiamenti materiali dalla prima comunicazione di default e non si prevedono ulteriori default. Nexera continuerà a emettere rapporti sullo stato di default ogni due settimane per conformarsi alle linee guida alternative per l'informazione.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) ha proporcionado una actualización sobre la presentación retrasada de los estados financieros anuales y del MD&A. La empresa está actualmente sujeta a una orden de cese de comercio por parte de la administración (MCTO) emitida por la Comisión de Valores de Alberta. Esta MCTO restringe el comercio de los valores de Nexera por parte del CEO y del CFO hasta que se presenten las Filings Anuales.
La dirección de Nexera ahora espera presentar las Filings Anuales antes del 27 de septiembre de 2024, más tarde que la fecha previamente anticipada del 13 de septiembre de 2024. La empresa confirma que no ha habido cambios materiales desde el anuncio inicial de default y no se anticipan otros defaults. Nexera continuará emitiendo informes quincenales sobre el estado de default para cumplir con las pautas alternativas de información.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF)는 연간 재무제표 및 MD&A 제출 연기에 대한 업데이트를 제공했습니다. 이 회사는 현재 알버타 증권 위원회가 발행한 경영진 거래 중지 명령(MCTO)의 적용을 받고 있습니다. 이 MCTO는 연간 제출이 완료될 때까지 CEO와 CFO의 Nexera 증권 거래를 제한합니다.
Nexera의 경영진은 연간 제출서를 2024년 9월 27일 이전에 제출할 것으로 예상하고 있으며, 이는 이전에 예상했던 2024년 9월 13일보다 늦은 것입니다. 이 회사는 초기 기본 발표 이후로 중대한 변화가 없었음을 확인하며, 추가적인 기본이 발생할 것으로 예상하지 않습니다. Nexera는 대체 정보 지침을 준수하기 위해 격주로 기본 상태 보고서를 계속 발행할 것입니다.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) a fourni une mise à jour concernant le retard de dépôt des états financiers annuels et du MD&A. La société est actuellement soumise à un ordre d'interdiction de négociation par la direction (MCTO) émis par la Commission des valeurs mobilières de l'Alberta. Ce MCTO restreint le trading des titres de Nexera par le PDG et le directeur financier jusqu'à ce que les Dépôts Annuels soient soumis.
La direction de Nexera s'attend maintenant à déposer les Dépôts Annuels au plus tard le 27 septembre 2024, plus tard que la date précédemment anticipée du 13 septembre 2024. La société confirme qu'il n'y a eu aucun changement matériel depuis l'annonce initiale de défaut et qu'aucun défaut supplémentaire n'est anticipé. Nexera continuera à émettre des rapports sur le statut de défaut toutes les deux semaines afin de se conformer aux directives d'information alternatives.
Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) hat ein Update zu seinem verzögerten Einreichung der Jahresabschlüsse und des MD&A bereitgestellt. Das Unternehmen unterliegt derzeit einer Handelsstoppausspruch durch das Management (MCTO), das von der Alberta Securities Commission erlassen wurde. Dieses MCTO beschränkt den Handel mit den Wertpapieren von Nexera durch den CEO und CFO, bis die Jahresmeldung eingereicht wird.
Nexeras Management erwartet nun, die Jahresmeldung am oder vor dem 27. September 2024 einzureichen, später als das zuvor erwartete Datum vom 13. September 2024. Das Unternehmen bestätigt, dass es seit der ursprünglichen Default-Ankündigung keine wesentlichen Änderungen gegeben hat und dass keine weiteren Defaults erwartet werden. Nexera wird weiterhin alle zwei Wochen Berichte über den Status des Defaults herausgeben, um den alternativen Informationsrichtlinien zu entsprechen.
- Management is working expeditiously to meet filing obligations
- No additional material information or defaults since the initial announcement
- Company continues to comply with alternative information guidelines
- Further delay in filing Annual Filings, now expected by September 27, 2024
- Ongoing management cease trade order (MCTO) restricting trading by CEO and CFO
- Failure to meet previously anticipated filing date of September 13, 2024
CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / September 16, 2024 / Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) (the "Corporation", the "Company" or "Nexera") is providing a bi-weekly default status report (the "Default Status Report") in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").
On July 16, 2024, the Company announced (the "Default Announcement") that, for the reasons disclosed in the Default Announcement, the filing of its annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year-ended March 31, 2024 (the "Annual Filings") would not be completed by the prescribed filing deadline.
Management of the Company is currently the subject of a management cease trade order ("MCTO") in regards to these Annual Filings, as granted by its principal regulator, the Alberta Securities Commission. The MCTO restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and the Chief Financial Officer of the Company until such time as the Annual Filings have been filed by the Company. The MCTO does not affect the ability of shareholders who are not insiders of the Company to trade their securities.
The Company's board of directors and its management confirms that they are working expeditiously to meet the Company's filing obligations and expect to file the Annual Filings on or before September 27, 2024 (previously anticipated by management to be on or before September 13, 2024).
As required by the alternative information guidelines specified by NP 12-203, the Company reports that since the Default Announcement and any subsequent press release disclosure there have not been any changes to the information set out in the Default Announcement that would reasonably be expected to be material to an investor nor any failure by the Company to fulfill its intentions as stated therein with respect to satisfying the provisions of the alternative information guidelines, and there are no additional defaults or anticipated defaults subsequent to the disclosure therein, other than the delay in filing the Annual Filings. Further, there is no additional material information concerning the affairs of the Company that has not been generally disclosed and there are no insolvency proceedings against the Company as of the date of this Default Status Report.
Until the Annual Filings have been filed, the Company intends to continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 by issuing bi-weekly default status reports in the form of further press releases, which will also be filed on SEDAR. To the extent applicable, the Company is scheduled to file its next default status report in two weeks from the date hereof.
For further information, please contact:
Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@nexeraenergy.com
www.nexeraenergy.com
Forward Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein relating to the timing of the filing of financial statements constitutes forward-looking statements. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither 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.
SOURCE: Nexera Energy Inc.
View the original press release on accesswire.com
FAQ
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