Element79 Provides Interim MCTO Status Update

Element79 Provides Interim MCTO Status Update

Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") Vancouver – today provides a bi-weekly default status update further to the Company's press release dated January 31 , 2024 (the " Announcement ") concerning the delay of the filing of its annual financial statements in respect of its year ended August 31, 2023, its management discussion and analysis relating to its annual financial statements, and the CEO and CFO certifications (collectively, the " Required Documents "), beyond the prescribed deadline of December 29, 2023. The Company further notes that it is also in default for failure to file it Q1 Interim Financial statements for the period ended November 30, 2024 along with the management discussion and analysis, and the interim CEO and CFO certifications beyond the deadline of January 1, 2024.

As previously announced, the Company applied to the applicable Canadian securities’ regulatory authorities for a voluntary management cease trade order (" MCTO "). On January 2, 2024, the Company was granted the MCTO by the British Columbia Securities Commission.

The MCTO will stay in effect until the Required Documents are filed and the Company intends to satisfy the provisions of the alternative information guidelines in accordance with National Policy 12-203 - Management Cease Trade Orders (" NP 12-203 ") by issuing bi-weekly default status reports in the form of news releases until the situation is satisfactorily rectified.

The Company confirms that since the date of the Announcement, (a) other than as described herein, there have been no changes to the information contained in the Announcement that would reasonably be expected to be material to shareholders, (b) there have been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203, (c) there has not been any other subsequent specified default by the Company following the Announcement under NP 12-203, and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company's management, together with its audit committee, has been working diligently with its auditor to provide all necessary information and complete the Required Documents. The audit is substantially complete and the Company expects that the Required Documents will be filed on or about February 16, 2024.

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.

Source

Click here to connect with Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS), to receive an Investor Presentation

ELEM:CC
Element79 Gold

Element79 Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Element79 Gold Corp (CSE:ELEM) Logo

Element79 Gold

High-grade gold project with near-term cash flow potential

High-grade gold project with near-term cash flow potential Keep Reading...
Interpol badge and U.S. currency spread out on a surface.

Interpol-Backed Operation Nets 198 Arrests in South America’s Illegal Gold Trade

Police across four South American jurisdictions have carried out their first coordinated cross-border operation against illegal gold mining, arresting nearly 200 suspects and seizing cash, gold, mercury and mining equipment.The operation, known as Guyana Shield, brought together law enforcement... Keep Reading...
Sun Summit Minerals (TSXV:SMN)

Sun Summit Confirms the High-Grade Gold-Silver Potential of the Finn Zone: Drills 5.30 g/t Gold and 157.9 g/t Silver over 6.0 meters at the JD Project

Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to report assay results from all 2025 drilling at the Finn Zone of its JD Project in the Toodoggone Mining District, north-central British Columbia. 2025 drill results will be integrated into an... Keep Reading...
Gold bars and silver coins scattered on a surface.

Gold Price Hits New Record, Soaring Over US$4,800

The gold price reached new highs yet again, driven higher by safe-haven demand as US President Donald Trump escalates trade tensions with Europe, and the US dollar weakens.The spot price of gold hit US$4,888.80 per ounce in early trading on Wednesday (January 21) ahead of the World Economic... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...
Sankamap Metals (CSE:SCU)

Sankamap Advances Toward Inaugural Drilling at Kuma Property in the Solomon Islands

Sankamap Metals Inc. (CSE: SCU) ("Sankamap" or the "Company") is pleased to provide an exploration update from its 4,500-hectare ("Ha") Kuma property ("Kuma") located approximately 37 kilometers ("km") southeast of Honiara in south-central Guadalcanal, Solomon Islands.In preparation for its... Keep Reading...
Peruvian Metals

Peruvian Metals Announces Gold Recoveries of 89% in Sulphides at Palta Dorada

Peruvian Metals Corp - (TSX: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce updated metallurgical results on both oxide and sulphide Au-Ag material on its 100% owned Palta Dorada Gold-Silver property ("Property") located in the Ancash department in Northern... Keep Reading...
Element79 Gold

Element79 Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News