
January 31, 2024
Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") provides an update with respect to the previously announced Management Cease Trade Order (the "MCTO") issued by the British Columbia Securities Commission on January 2, 2024. The Company is providing notice in accordance with National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). The MCTO was issued by the BCSC on January 2, 2023. It prevents the Company’s Officers, Board and Insiders from trading in the Company’s securities but does not affect the ability of other shareholders, including the public, to trade in the securities of the Company.
The Company Confirms that as of today it continues to work earnestly with its auditor team at SHIM Accounting to complete the audited annual financial statements for the year ended August 31, 2023, along with the management's discussion and analysis and related CEO and CFO certificates for the period which were required to be filed on or before December 29, 2023.
As previously stated, subject to current conditions remaining the same, the Company remains confident in its ability to complete the 2023 Filings within the coming approximately seven to ten calendar days and will use its best efforts to complete the process within the timeline indicated.
The MCTO remains in effect until the Company files the Required Documents and the BCSC’s Executive Director has revoked the MCTO. The Company confirms that since the date of the Default Announcement, other than as described above: (a) there has been no material change to the information set out in the Default Announcement that has not been generally disclosed; (b) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in 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.
The Company confirms that it will continue to 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 for so long as it remains delayed.
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
ELEM:CC
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
09 November
Experts Warn: AI Boom Shows Bubble Signs, but Investors May Miss the Exit
The artificial intelligence (AI) investment boom is showing many of the hallmarks of a market bubble, with soaring valuations, rising leverage and increasingly speculative capital flows prompting warnings from veteran investors at the New Orleans Investment Conference.During a popular annual... Keep Reading...
09 November
Don Hansen: Gold, Silver Bull Run Not Over, My Strategy Now
Private investor Don Hansen shares his latest gold market analysis, emphasizing that the current bull market is likely only halfway through. "If we had a normal five or six times multiple, the gold bull market would go to US$8,000 to $10,000 an ounce in another four years," he said.Don't forget... Keep Reading...
09 November
Jp Cortez: Will the US Revalue Gold? Plus Repatriation, Fort Knox Audit
Jp Cortez, executive director at the Sound Money Defense League, reviews the organization's recent accomplishments in the US and talks about where it plans to focus in the year ahead, including efforts to move the SILVER Act forward. Cortez also explains why the push to audit Fort Knox... Keep Reading...
09 November
Gold Majors’ Q3 Free Cashflow Falls as Spending and Costs Rise
Major gold producers ended the third quarter with less free cashflow than in Q2 as heavier capital spending and higher costs absorbed cash, even as gold edged higher.The LBMA gold price hit its quarterly low of US$3,978.55 per ounce on July 1, then climbed to a high of US$4,663.70 on August 24... Keep Reading...
09 November
Gold Price Rebounds After Jobs Data Sparks Friday Selloff
The gold price retreated on November 6, coming under pressure from a stronger US dollar and rising treasury yields, after new US jobs data showed that employers added 165,000 jobs in October.Spot gold was trading around US$4,063 per ounce by 2:55 p.m. EST. The decline followed a strong rally... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





