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MX Gold (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) announces that on January 10, 2018, the British Columbia Securities Commission (the “BCSC”) issued a Cease Trade Order against the Company (the “CTO”) as a result of the Company not filing technical reports under National Instrument 43-101 to support first time disclosure of the results …
MX Gold (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) announces that on January 10, 2018, the British Columbia Securities Commission (the “BCSC”) issued a Cease Trade Order against the Company (the “CTO”) as a result of the Company not filing technical reports under National Instrument 43-101 to support first time disclosure of the results of a preliminary economic assessment on its Max Molybdenum property and to support first time disclosure of mineral reserves on its Magistral property.
The Company is working diligently to address the deficiencies in the CTO.
On January 11, 2018, the TSX Venture Exchange (the “Exchange”) suspended the Company’s common shares from trading on the Exchange as a result of the CTO. The Company intends to apply to the Exchange for re-instatement of trading in the Company’s shares after the CTO is revoked by the BCSC.