Wedgemount Announces Delay in Filing 2024 Annual Financial Statements
Wedgemount Resources (CSE: WDGY) announces a delay in filing its 2024 annual financial statements and related documents beyond the November 28, 2024 deadline. The delay is attributed to delays in receiving financial information regarding the company's reserves data. The company expects to complete the filings by January 27, 2025. A management cease trade order (MCTO) has been imposed against the CEO and CFO, restricting their ability to trade company securities until the annual filings are completed.
Wedgemount Resources (CSE: WDGY) annuncia un ritardo nella presentazione dei suoi bilanci annuali 2024 e dei documenti correlati oltre la scadenza del 28 novembre 2024. Il ritardo è attribuito a problemi nel ricevere informazioni finanziarie riguardanti i dati delle riserve dell'azienda. La compagnia prevede di completare i documenti entro il 27 gennaio 2025. È stato imposto un ordine di cessazione della negoziazione da parte della direzione (MCTO) contro il CEO e il CFO, limitando la loro capacità di scambiare titoli dell'azienda fino al completamento della presentazione annuale.
Wedgemount Resources (CSE: WDGY) anuncia un retraso en la presentación de sus estados financieros anuales de 2024 y documentos relacionados más allá de la fecha límite del 28 de noviembre de 2024. El retraso se atribuye a la demora en la recepción de información financiera sobre los datos de reservas de la empresa. Se espera que la compañía complete las presentaciones para el 27 de enero de 2025. Se ha impuesto una orden de cese de operaciones por parte de la dirección (MCTO) contra el CEO y el CFO, restringiendo su capacidad para negociar valores de la empresa hasta que se completen las presentaciones anuales.
Wedgemount Resources (CSE: WDGY)는 2024년 연간 재무제표 및 관련 문서의 제출이 2024년 11월 28일 기한을 넘길 것임을 발표했습니다. 이 지연은 회사의 자산에 대한 재무정보 수령 지연으로 인한 것입니다. 회사는 2025년 1월 27일까지 제출을 완료할 것으로 예상하고 있습니다. CEO 및 CFO에 대한 경영 중지 거래 명령(MCTO)이 발효되어 연간 제출이 완료될 때까지 회사 증권 거래를 제한합니다.
Wedgemount Resources (CSE: WDGY) annonce un retard dans le dépôt de ses états financiers annuels 2024 et des documents associés au-delà de la date limite du 28 novembre 2024. Ce retard est dû aux délais dans la réception des informations financières concernant les données des réserves de l'entreprise. La société s'attend à finaliser les dépôts d'ici le 27 janvier 2025. Un ordre de cessation de négociation de la direction (MCTO) a été imposé au PDG et au DAF, limitant leur capacité à négocier des valeurs mobilières de l'entreprise jusqu'à ce que les dépôts annuels soient complets.
Wedgemount Resources (CSE: WDGY) gibt bekannt, dass sich die Einreichung ihrer Jahresfinanzberichte 2024 und der zugehörigen Dokumente über den Stichtag vom 28. November 2024 verzögert. Die Verzögerung wird auf die verspätete Erhalt der finanziellen Informationen über die Reserven des Unternehmens zurückgeführt. Das Unternehmen erwartet, die Einreichungen bis zum 27. Januar 2025 abzuschließen. Eine Management-Handelsstoppanordnung (MCTO) wurde gegen den CEO und CFO verhängt, die deren Möglichkeiten zum Handel mit Unternehmenswertpapieren bis zur vollständigen Einreichung der Jahresberichte einschränkt.
- None.
- Delay in filing annual financial statements beyond regulatory deadline
- Management cease trade order (MCTO) imposed on CEO and CFO
- Delays in receiving critical financial information about reserves data
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2024) - Wedgemount Resources Corp. (CSE: WDGY) ("Wedgemount" or the "Company"), announces that its annual financial statements for the year ended July 31, 2024, the related management discussion and analysis, certifications of the Chief Executive Officer (the "CEO") and the Chief Financial Officer (the "CFO"), and the annual oil and gas filings required under Part 2 of National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities for the year ended July 31, 2024 (collectively, the "Annual Filings"), will not be filed by the required filing deadline of November 28, 2024 (the "Annual Filing Deadline") due to delays in receiving certain financial information regarding the Company's reserves data. The Company is working diligently with its auditors to complete the Annual Filings and expects to be able to file the Annual Filings on or before January 27, 2025.
The Company has applied to the applicable securities regulatory authorities and received a management cease trade order ("MCTO") imposed against the CEO and CFO of the Company precluding them from trading securities of the Company. The MCTO will be in effect until the Annual Filings are filed, and requires that they be filed on or before January 27, 2025.
Until the Annual Filings are filed, the Company intends to satisfy the provisions of the Alternative Information Guidelines set out in National Policy 12-203 - Management Cease Trade Orders. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.
About Wedgemount Resources Corp.
Wedgemount Resources is a junior oil & gas company focused on maximizing shareholder value through the acquisition, development and exploitation of natural resource projects in the southern USA.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, CEO
For more information, please contact the Company at:
Telephone: (604) 343-4743
info@wedgemountresources.com
www.wedgemountresources.com
Reader Advisory
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Forward-looking statements made in this news release include the anticipated filing date of the Annual Filings. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, availability of funds, personnel and other resources necessary to conduct exploration or development programs, successes of the Company's exploration efforts, availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231980
FAQ
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