
February 09, 2024
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.
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)
16h
Brien Lundin: Gold, Bonds Sending Warning — Here's What's Next
Brien Lundin, editor of Gold Newsletter, shares his latest thoughts on gold, saying that for the last couple of months the price has largely been rising alongside real yields in the bond market. In his view, that's a potentially concerning sign for what's ahead. Click here to sign up for the New... Keep Reading...
08 September
John Kaiser: Gold's New Price Base, Plus Stocks I'm Watching Now
John Kaiser of Kaiser Research believes the "mother of all resource junior bull cycles" is currently in its fourth inning, with a "wall of cash" headed for the sector. In his view, now is the time for investors to research which stocks they want to buy.Don't forget to follow us @INN_Resource for... Keep Reading...
08 September
Peruvian Metals on Track for Full Production for 2026 at the Aguila Norte Processing Plant and Reports Positive Sample Results from the Tailings Area
Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) (OTC PINK: DUVNF) ("Peruvian Metals" or the "Company") announces the completion of a major overall and maintenance program and the year-to-date production results for 2026 at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the... 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





