Golden Pursuit Clarifies Cease Trade Order

Rhea-AI Summary

Golden Pursuit Resources Ltd. (OTC PINK: FPVTF) has received a Cease Trade Order (CTO) from the British Columbia Securities Commission due to the failure to file required periodic disclosure documents by the specified deadline. The affected filings include annual financial statements for the year ended September 30, 2021, and related management discussions. Consequently, trading of the company's securities was suspended by the TSX Venture Exchange on February 7, 2022. The company is actively working to revoke the CTO and continue normal operations.

Positive

• The company is actively working to revoke the CTO and has stated that operations continue normally.

Negative

• CTO issued for failing to file annual financial statements and related management discussions.
• Trading in securities suspended effective February 7, 2022.

VANCOUVER, BC / ACCESSWIRE / February 10, 2022 / Golden Pursuit Resources Ltd. (TSXV:GDP)(OTC PINK:FPVTF) (the "Company") announces that it has been issued a Cease Trade Order ("CTO") by the British Columbia Securities Commission (the "BCSC") on February 3, 2022 for failure to file the following periodic disclosure documents (collectively, the "Documents") within the time period specified by National Instrument 51-102 Continuous Disclosure Obligations:

Annual financial statements for the fiscal year ended September 30, 2021

Management's discussion and analysis relating to the annual financial statements for the fiscal year ended September 30, 2021

Certification of the foregoing filings as required by National Instrument 52-109 Certification of Disclosure in Issuer's Annual Filings

The TSX Venture Exchange (the "Exchange") has suspended trading in the Corporation's securities as a result of the CTO, effective February 7, 2022.

The Corporation continues to operate normally and is working diligently to have the CTO revoked as soon as possible.

Golden Pursuit Resources Ltd.

Per: "Brian McClay"
Brian McClay, President

CONTACT INFORMATION:

Brian McClay
Email: bmcclay@aol.com
Tel: (604) 730-6982

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: Golden Pursuit Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/688378/Golden-Pursuit-Clarifies-Cease-Trade-Order

FAQ

What led to the Cease Trade Order for FPVTF?

Golden Pursuit Resources Ltd. received a Cease Trade Order from the British Columbia Securities Commission for failing to file required periodic disclosure documents.

When was trading suspended for Golden Pursuit Resources Ltd. (FPVTF)?

Trading was suspended on February 7, 2022, due to the Cease Trade Order.

What documents did Golden Pursuit Resources Ltd. fail to file?

The company failed to file annual financial statements and management discussions for the fiscal year ended September 30, 2021.

Is Golden Pursuit Resources Ltd. still operating normally?

Yes, the company stated that it continues to operate normally despite the CTO.

What steps is Golden Pursuit Resources Ltd. taking regarding the CTO?

The company is diligently working to have the Cease Trade Order revoked as soon as possible.