Wedgemount Resources Corp. Provides Third Management Cease Trade Order Update
Wedgemount Resources (CSE: WDGY) has provided its third update regarding the management cease trade order (MCTO) issued by the British Columbia Securities Commission on November 29, 2024. The company and its auditors are working to file the required annual financial statements and related documents for the fiscal year ended July 31, 2024, with a deadline of January 27, 2025.
Under the MCTO, the CEO and CFO are restricted from trading company securities until the required filings are completed and the MCTO is revoked. Other shareholders maintain their ability to trade. The company confirms there have been no material changes since the initial default announcement and continues to follow the Alternative Information Guidelines under National Policy 12-203.
Wedgemount Resources (CSE: WDGY) ha fornito il suo terzo aggiornamento riguardante l'ordine di cessazione del commercio da parte dell'autorità dei titoli della British Columbia, emesso il 29 novembre 2024. L'azienda e i suoi revisori stanno lavorando per presentare i bilanci annuali richiesti e i documenti correlati per l'anno fiscale conclusosi il 31 luglio 2024, con scadenza il 27 gennaio 2025.
Sotto l'MCTO, il CEO e il CFO sono soggetti a restrizioni nel commercio dei titoli della società fino al completamento delle pratiche richieste e alla revoca dell'MCTO. Gli altri azionisti mantengono la loro capacità di negoziare. L'azienda conferma che non ci sono state modifiche materiali dalla prima comunicazione di default e continua a seguire le Linee Guida per le Informazioni Alternative ai sensi della Politica Nazionale 12-203.
Wedgemount Resources (CSE: WDGY) ha proporcionado su tercera actualización sobre la orden de cese de comercio (MCTO) emitida por la Comisión de Valores de Columbia Británica el 29 de noviembre de 2024. La empresa y sus auditores están trabajando para presentar los estados financieros anuales requeridos y los documentos relacionados para el año fiscal que terminó el 31 de julio de 2024, con una fecha límite del 27 de enero de 2025.
Bajo el MCTO, el CEO y el CFO tienen restricciones para negociar valores de la empresa hasta que se completen los archivos requeridos y se revoque el MCTO. Otros accionistas mantienen su capacidad para negociar. La empresa confirma que no ha habido cambios materiales desde el anuncio inicial de incumplimiento y continúa siguiendo las Directrices de Información Alternativa bajo la Política Nacional 12-203.
Wedgemount Resources (CSE: WDGY)는 2024년 11월 29일 브리티시컬럼비아 증권위원회에서 발행한 관리 거래 중지 명령(MCTO)에 대한 세 번째 업데이트를 제공했습니다. 회사와 감사인은 2024년 7월 31일로 종료된 회계 연도의 연간 재무제표 및 관련 문서를 제출하기 위해 노력하고 있으며, 마감일은 2025년 1월 27일입니다.
MCTO에 따라 CEO와 CFO는 필요한 제출이 완료되고 MCTO가 취소될 때까지 회사 증권을 거래할 수 없습니다. 다른 주주들은 여전히 거래할 수 있는 권한을 유지합니다. 회사는 초기 기본 부채 발표 이후로 실질적인 변화가 없다고 확인하며, 국가 정책 12-203에 따른 대체 정보 지침을 계속 따릅니다.
Wedgemount Resources (CSE: WDGY) a fourni sa troisième mise à jour concernant l'ordre de cessation de commerce (MCTO) émis par la Commission des valeurs mobilières de la Colombie-Britannique le 29 novembre 2024. L'entreprise et ses auditeurs travaillent à soumettre les états financiers annuels requis et les documents connexes pour l'exercice terminé le 31 juillet 2024, avec une date limite fixée au 27 janvier 2025.
Dans le cadre du MCTO, le PDG et le directeur financier ne peuvent pas échanger les valeurs mobilières de l'entreprise tant que les dépôts requis ne sont pas complétés et que le MCTO n'est pas annulé. Les autres actionnaires conservent leur capacité à négocier. L'entreprise confirme qu'il n'y a eu aucun changement matériel depuis l'annonce initiale de défaut et continue de suivre les Lignes directrices sur l'information alternative conformément à la Politique nationale 12-203.
Wedgemount Resources (CSE: WDGY) hat sein drittes Update bezüglich der von der British Columbia Securities Commission am 29. November 2024 erlassenen Management-Stop-Order (MCTO) bereitgestellt. Das Unternehmen und seine Prüfer arbeiten daran, die erforderlichen Jahresabschlüsse und verwandten Dokumente für das am 31. Juli 2024 endende Geschäftsjahr einzureichen, wobei die Frist bis zum 27. Januar 2025 lautet.
Im Rahmen der MCTO sind der CEO und der CFO daran gehindert, Unternehmenswerte zu handeln, bis die erforderlichen Einreichungen abgeschlossen sind und die MCTO aufgehoben wird. Andere Aktionäre behalten ihre Handelsmöglichkeiten. Das Unternehmen bestätigt, dass es seit der ursprünglichen Default-Ankündigung keine wesentlichen Änderungen gegeben hat und weiterhin den Alternativen Informationsrichtlinien gemäß der Nationalen Richtlinie 12-203 folgt.
- 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. - January 13, 2025) - Wedgemount Resources Corp. (CSE: WDGY) ("Wedgemount" or the "Company") is providing a third 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, 2025.
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/237056
FAQ
When will Wedgemount Resources (WDGY) file its delayed 2024 annual financial statements?
What restrictions does the MCTO place on Wedgemount Resources (WDGY) trading?
When was the management cease trade order issued for Wedgemount Resources (WDGY)?
What financial documents is Wedgemount Resources (WDGY) required to file under the MCTO?
