Wedgemount Resources Corp. Provides Management Cease Trade Order Update
Wedgemount Resources (CSE: WDGY) provided an update regarding its management cease trade order (MCTO) issued by the British Columbia Securities Commission on November 29, 2024. The company is working with auditors to file required financial statements and related documents for the year ended July 31, 2024, with a deadline of January 27, 2024.
Under the MCTO, the CEO and CFO are restricted from trading company securities until the required filings are completed and the order is revoked. Other shareholders maintain their ability to trade. The company confirmed no material changes since the initial default announcement and will continue issuing bi-weekly status reports.
Wedgemount Resources (CSE: WDGY) ha fornito un aggiornamento riguardo all'ordine di cessazione del commercio per la gestione (MCTO) emesso dalla British Columbia Securities Commission il 29 novembre 2024. L'azienda sta collaborando con i revisori per presentare i bilanci e i documenti correlati richiesti per l'anno concluso il 31 luglio 2024, con una scadenza del 27 gennaio 2024.
In base al MCTO, il CEO e il CFO sono limitati nel commercio dei titoli della società fino a quando non verranno completate le registrazioni richieste e l'ordine sarà revocato. Gli altri azionisti possono continuare a commerciare. L'azienda ha confermato che non ci sono state modifiche materiali dalla prima comunicazione di default e continuerà a emettere rapporti di stato ogni due settimane.
Wedgemount Resources (CSE: WDGY) proporcionó una actualización sobre la orden de cese de comercio de gestión (MCTO) emitida por la Comisión de Valores de Columbia Británica el 29 de noviembre de 2024. La compañía está trabajando con auditores para presentar los estados financieros requeridos y los documentos relacionados para el año que finalizó el 31 de julio de 2024, con un plazo hasta el 27 de enero de 2024.
Bajo el MCTO, el CEO y el CFO tienen restricciones para comerciar con los valores de la empresa hasta que se completen los archivos requeridos y se revoque la orden. Otros accionistas mantienen su capacidad para comerciar. La compañía confirmó que no ha habido cambios materiales desde el anuncio inicial de incumplimiento y continuará emitiendo informes de estado quincenales.
Wedgemount Resources (CSE: WDGY)은 2024년 11월 29일 브리티시컬럼비아 증권 기관에서 발행한 경영 거래 중지 명령(MCTO)에 대한 업데이트를 제공했습니다. 회사는 2024년 7월 31일 종료된 회계연도에 필요한 재무제표 및 관련 문서를 제출하기 위해 감사와 협력하고 있으며, 마감일은 2024년 1월 27일입니다.
MCTO에 따라 CEO와 CFO는 필요한 제출이 완료되고 명령이 취소될 때까지 회사 증권 거래에 제한을 받습니다. 다른 주주들은 거래할 수 있는 능력을 유지합니다. 회사는 최초의 디폴트 발표 이후로 중대한 변화가 없었음을 확인했으며, 매월 두 번 상태 보고서를 계속 발행할 것입니다.
Wedgemount Resources (CSE: WDGY) a fourni une mise à jour concernant l'ordre d'interdiction de négociation de gestion (MCTO) émis par la Commission des valeurs mobilières de la Colombie-Britannique le 29 novembre 2024. La société travaille avec des auditeurs pour déposer les états financiers requis et les documents associés pour l'année se terminant le 31 juillet 2024, avec une date limite au 27 janvier 2024.
En vertu du MCTO, le PDG et le DAF sont restreints dans la négociation des titres de la société jusqu'à ce que les dépôts requis soient complétés et l'ordre révoqué. Les autres actionnaires conservent leur capacité à négocier. La société a confirmé qu'il n'y a eu aucun changement matériel depuis l'annonce initiale de défaut et continuera à publier des rapports d'état toutes les deux semaines.
Wedgemount Resources (CSE: WDGY) hat ein Update zur Management-Handelsverbot-Order (MCTO) bereitgestellt, die von der British Columbia Securities Commission am 29. November 2024 erlassen wurde. Das Unternehmen arbeitet mit Wirtschaftsprüfern zusammen, um die erforderlichen Finanzberichte und relevanten Dokumente für das am 31. Juli 2024 endende Jahr einzureichen, mit einer Frist bis zum 27. Januar 2024.
Gemäß dem MCTO sind der CEO und CFO vom Handel mit Unternehmenswertpapieren ausgeschlossen, bis die erforderlichen Einreichungen abgeschlossen sind und die Order aufgehoben wird. Andere Aktionäre behalten ihre Handelsmöglichkeiten. Das Unternehmen bestätigte, dass es seit der ersten Default-Ankündigung keine wesentlichen Änderungen gegeben hat und weiterhin alle zwei Wochen Statusberichte veröffentlichen wird.
- None.
- Company failed to file required annual financial statements on time
- Management cease trade order restricts CEO and CFO from trading company shares
- Delayed financial reporting indicates potential internal control or accounting issues
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Wedgemount Resources Corp. (CSE: WDGY) ("Wedgemount" or the "Company") is providing an update with respect to its previously announced management cease trade order ("MCTO") issued by the Company's principal regulator, the British Columbia Securities Commission (the "BCSC"), on November 29, 2024.
The Company and its auditors continue to work diligently to file the audited annual financial statements and related management's discussion and analysis for the financial year ended July 31, 2024 and the associated certifications of the Company's Chief Executive Officer and Chief Financial Officer (collectively the "Required Filings") as soon as they are available, but in any event no later than January 27, 2024.
As previously announced, pursuant to the MCTO, the Chief Executive Officer and Chief Financial Officer of the Company may not trade in securities of the Company until such time as the Company files the Required Filings and the BCSC revokes the MCTO. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.
The Company is providing this bi-weekly default status report in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). Until such time as the Company files the Required Filings and the MCTO has been revoked, the Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases.
Pursuant to the provisions of the Alternative Information Guidelines specified in NP 12-203, the Company confirms that, as of the date of this news release: (a) there have been no material changes to the information contained in the default announcement issued on November 29, 2024 (the "Default Announcement") that would reasonably be expected to be material to an investor; (b) there have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the Alternative Information Guidelines under NP 12-203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and (d) there is no other material information concerning the affairs of the Company 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 Required 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233632
FAQ
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