Element79 Provides MCTO Status Update and Filing of its Annual Financial Statements

Element79 Provides MCTO Status Update and Filing of its Annual Financial Statements

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 4, 2023. 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 4, 2023. It prevents the Company’s President and Chief Financial Officer 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 has completed and filed its audited annual financial statements for the year ended August 31, 2022, and 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, 2022. The Company further acknowledges that the interim Financial statements for the interim period ended November 30, 2022, and the management's discussion and analysis and related CEO and CFO certificates (collectively, the “Required Documents”) due to have been filed on January 30, 2023 are to be filed prior to the MCTO revocation process.

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@element79gold.com

For investor relations inquiries, please contact:

Investor Relations Department
Phone: +1 (604) 200-3608
Email: investors@element79gold.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “anticipates”, “will be”, “intends” or variations of such words and phrases or statements that certain actions, events, or results “will” occur. Forward-looking statements regarding the Company and its business and strategies are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws

Source

ELEM:CC
Element79 Gold Corp.

Element79 Gold Corp. Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

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

Element79 Gold Corp.


Keep reading...Show less
Element79 Gold Corp Welcomes the Successful IPO of Sun Silver Ltd.

Element79 Gold Corp Welcomes the Successful IPO of Sun Silver Ltd.

(TheNewswire)

Element79 Gold Corp.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero

Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero

(TheNewswire)

Element79 Gold Corp.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp Appoints Warren Levy to Advisory Board

Element79 Gold Corp Appoints Warren Levy to Advisory Board

(TheNewswire)

Element79 Gold Corp.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement

Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement

(TheNewswire)

Element79 Gold Corp.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Aurum Resources

Aurum Hits 163 g/t Gold within 12m @ 14.56 g/t Gold at Boundiali BD Target 1

Aurum Resources Limited (ASX: AUE) (Aurum) is pleased to report high-grade gold intercepts from step-back diamond hole at BD Target 1 as part of ongoing diamond drilling at its Boundiali Gold Project in Côte d'Ivoire, West Africa.

Keep reading...Show less
Flynn Gold

Up to 67g/t Au Intersected in Drilling at Trafalgar, NE Tasmania

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to provide the first results from its latest diamond drilling activities at the Company’s 100% owned Golden Ridge Project located in Northeast Tasmania (Figure 1).

Keep reading...Show less
Finger pointing up.

5 Top Weekly TSXV Stocks: Gabriel Resources Gains 50 Percent

The S&P/TSX Venture Composite Index (INDEXTSI:JX) lost 7.22 points last week to close at 607.95.

Statistics Canada released consumer price index (CPI) data this past Tuesday (May 21). In the report, the agency indicates that CPI rose 2.7 percent in April on a year-on-year basis, dropping from a 2.9 percent year-on-year uptick in March.

Inflation has now declined for the fourth month in a row, improving odds for a June rate cut as CPI inches closer to the Bank of Canada’s 2 percent target. The Canadian dollar lost a quarter percent on the news to close the day at US$1.37.

Keep reading...Show less
Tempest Minerals

Yalgoo Update - Expanded Drill Program at Remorse

Tempest Minerals Ltd (TEM) is pleased to update the market on the progress at the Remorse Target. The Remorse Target is a 4km long coincident base metal and geophysical target located in the Company’s Flagship Yalgoo Project. TEM has received preliminary approval for drilling at the central area of the target. As a result of recent ground-truthing work, TEM believes a larger expanded program design of ~5000m is required. Approvals are in the final stages and work is anticipated to commence in June/July.

Keep reading...Show less
Many Peaks

Drilling in Progress at Odienne Project, Côte d’Ivoire

Many Peaks Minerals Limited (Many Peaks or the Company) (ASX: MPK) is pleased to advise drilling has commenced at its Odienné Gold Project (Odienne) located in northwest Côte d’Ivoire. The company has initiated a campaign of concurrent diamond drilling and auger sampling. This follows the recent completion of the Company’s acquisition of 100% ownership of CDI Holdings (Guernsey) Ltd from Turaco Gold Ltd and Predictive Discovery Ltd, which holds the right to acquire an 85% interest in four mineral permits totalling a 1,275km2 land package in Cote d’Ivoire, with recent gold discoveries and over US$4 million in prior exploration expenditure (refer to ASX release dated 8 May 2024)

Keep reading...Show less

Private Placement

(TheNewswire)

Peloton Minerals Corporation

May 24, 2024 TheNewswire London, Ontario Peloton Minerals Corporation ("PMC" or the "Company") (CSE Symbol: PMC; OTCQB Symbol: PMCCF) intends to close a private placement of units priced at CDN$0.09 per unit for minimum total proceeds of $600,000. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The proceeds of the Private Placement will be used for lithium exploration in northern Nevada and working capital.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp.

Element79 Gold Corp. Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×