Gold Mountain Announces Late Filing of Annual Financial Statements
Gold Mountain Mining (OTCQB:GMTNF) has announced it will miss the June 30, 2025 deadline for filing its annual financial statements and related documents for the fiscal year ended March 31, 2025. The delay is attributed to the company's recent change in auditors, with Davidson & Company LLP appointed as the new auditor effective June 4, 2025.
The company has applied for a Management Cease Trade Order (MCTO) and expects to file the required documents by July 30, 2025. If granted, the MCTO would restrict trading by company executives and insiders but not affect general public trading. Gold Mountain will issue bi-weekly status updates until the situation is resolved.
Gold Mountain Mining (OTCQB:GMTNF) ha annunciato che non riuscirà a rispettare la scadenza del 30 giugno 2025 per la presentazione del bilancio annuale e dei documenti correlati relativi all'esercizio chiuso il 31 marzo 2025. Il ritardo è dovuto al recente cambio di revisore, con la nomina di Davidson & Company LLP come nuovo revisore a partire dal 4 giugno 2025.
L'azienda ha richiesto un Management Cease Trade Order (MCTO) e prevede di presentare i documenti necessari entro il 30 luglio 2025. Se approvato, il MCTO limiterà le operazioni di trading da parte dei dirigenti e degli insider della società, senza però influire sulle negoziazioni del pubblico generale. Gold Mountain fornirà aggiornamenti sullo stato della situazione ogni due settimane fino alla risoluzione del problema.
Gold Mountain Mining (OTCQB:GMTNF) ha anunciado que no cumplirá con la fecha límite del 30 de junio de 2025 para presentar sus estados financieros anuales y documentos relacionados correspondientes al año fiscal finalizado el 31 de marzo de 2025. El retraso se debe al reciente cambio de auditor, con la designación de Davidson & Company LLP como nuevo auditor a partir del 4 de junio de 2025.
La compañía ha solicitado una Orden de Suspensión de Comercio para la Gerencia (MCTO) y espera presentar los documentos requeridos antes del 30 de julio de 2025. Si se concede, la MCTO restringirá las operaciones de trading de los ejecutivos e insiders de la empresa, pero no afectará el comercio público general. Gold Mountain emitirá actualizaciones quincenales sobre el estado hasta que la situación se resuelva.
Gold Mountain Mining (OTCQB:GMTNF)은 2025년 3월 31일 종료된 회계연도에 대한 연간 재무제표 및 관련 서류 제출 기한인 2025년 6월 30일을 맞추지 못할 것이라고 발표했습니다. 지연 사유는 최근 감사인 변경 때문이며, Davidson & Company LLP가 2025년 6월 4일부터 새로운 감사인으로 임명되었습니다.
회사는 경영진 거래중지 명령(MCTO)을 신청했으며 2025년 7월 30일까지 필요한 서류를 제출할 예정입니다. 승인될 경우 MCTO는 회사 임원 및 내부자의 거래를 제한하지만 일반 대중의 거래에는 영향을 미치지 않습니다. Gold Mountain은 상황이 해결될 때까지 2주마다 진행 상황을 업데이트할 예정입니다.
Gold Mountain Mining (OTCQB:GMTNF) a annoncé qu'elle ne respecterait pas la date limite du 30 juin 2025 pour le dépôt de ses états financiers annuels et documents connexes pour l'exercice clos le 31 mars 2025. Ce retard est dû au récent changement d'auditeur, avec la nomination de Davidson & Company LLP en tant que nouvel auditeur à compter du 4 juin 2025.
La société a demandé une Ordonnance de Suspension de Négociation pour la Direction (MCTO) et prévoit de déposer les documents requis d'ici le 30 juillet 2025. Si elle est accordée, la MCTO limiterait les transactions des dirigeants et initiés de la société, mais n'affecterait pas le trading du grand public. Gold Mountain publiera des mises à jour bi-hebdomadaires jusqu'à la résolution de la situation.
Gold Mountain Mining (OTCQB:GMTNF) hat bekannt gegeben, dass es die Frist zum 30. Juni 2025 für die Einreichung der Jahresabschlüsse und der zugehörigen Unterlagen für das am 31. März 2025 endende Geschäftsjahr nicht einhalten wird. Die Verzögerung ist auf den kürzlichen Wechsel des Wirtschaftsprüfers zurückzuführen, wobei Davidson & Company LLP ab dem 4. Juni 2025 als neuer Prüfer bestellt wurde.
Das Unternehmen hat einen Management Cease Trade Order (MCTO) beantragt und erwartet, die erforderlichen Unterlagen bis zum 30. Juli 2025 einzureichen. Wird der MCTO gewährt, beschränkt dieser den Handel durch Unternehmensleiter und Insider, beeinträchtigt jedoch nicht den Handel der allgemeinen Öffentlichkeit. Gold Mountain wird bis zur Klärung der Situation alle zwei Wochen Statusberichte veröffentlichen.
- None.
- Failure to meet regulatory filing deadline for annual financial statements
- Potential implementation of Management Cease Trade Order (MCTO) restricting insider trading
- Delay in providing shareholders with current financial information
VANCOUVER, BC / ACCESS Newswire / July 2, 2025 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) announced today that it will not file its annual financial statements for the financial year ended March 31, 2025 (the "Financial Statements"), or its management's discussion and analysis, CEO and CFO filing certificates or annual information form relating to the Financial Statements (collectively, the "Required Filings"), before the prescribed filing deadline of June 30, 2025 (the "Filing Deadline").
The reason for the default is that the Company recently changed its auditor, and this change has caused delays in the audit of the Company's financial statements. As disclosed in the Company's public disclosure record on SEDAR+, effective June 4, 2025, Davidson & Company LLP was appointed as the new auditor of the Company. Due to the time needed for an effective transition to the new auditor, the auditor requires additional time to complete the audit of the Financial Statements. The transition between audit firms requires time to onboard the new auditor with the Company's financial reporting processes, accounting policies, and historical audit documentation. In addition, the new auditor is required to perform certain independent procedures to satisfy professional standards, which are more extensive in the first year of engagement.
The Company has now provided all required information to the auditor so that the auditor is able to complete the audit. The Required Filings are expected to be filed as soon as they are available and within a reasonable period, and in any event by no later than July 30, 2025.
The Company has made an application with the British Columbia Securities Commission and other applicable securities regulators under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") requesting that a management cease trade order (the "MCTO") be imposed in respect of the late filing of the Required Filings. There is no guarantee that a MCTO will be granted. If the MCTO is granted, the MCTO will prohibit the chief executive officer, the chief financial officer, and possibly the directors, other officers and other insiders of the Company from trading in securities of the Company for so long as the Required Filings are not filed. The issuance of such MCTO does not generally affect the ability of persons who are not directors, officers or other insiders of the Company to trade in the Company's securities.
The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases so long as it remains in default of the filing requirements set out above.
About Gold Mountain
Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South Central British Columbia. Additional information is available at www.sedarplus.ca or on the Company's website at www.goldmountainminingcorp.ca.
For more information, please contact:
Gold Mountain Mining Corp.
Email: info@goldmountainminingcorp.ca
Website: www.goldmountainminingcorp.ca
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
Forward Looking Statements
Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company's future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
SOURCE: Gold Mountain Mining Corp
View the original press release on ACCESS Newswire
FAQ
Why did Gold Mountain Mining (GMTNF) miss its financial filing deadline?
When will Gold Mountain Mining file its delayed annual financial statements?
What is the impact of the MCTO on Gold Mountain Mining shareholders?
What steps is Gold Mountain Mining taking to address the late filing situation?
