bcsc

Cache Provides Bi-Weekly Default Status Report

(TheNewswire)



V A N C O U V ER , B C - TheNewswire - February 21 , 2021 - Cache Exploration Inc. (the " Company " or " C ache " ), (TSXV:CAY) (OTC:CEXPF) , a nnou n ce s that further to its news release dated January 29, 2021 (the " Default Announcement ") the Company's principal regulator, the British Columbia Securities Commission (the " BCSC ") granted a management cease trade order (the " MCTO ") on January 29, 2021, under National Policy 12-203 Management Cease Trade Orders (" NP 12-203 ").

Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer may not trade in securities of the Company until such time as the Company files its annual audited financial statements for the year ended September 30, 2020, including the related management's discussion and analysis, and related certifications on or before March 29, 2021 (collectively the " Required Documents ") and the Executive Director of the BCSC revokes the MCTO.  The MCTO does not affect the ability of shareholders to trade their securities.

The Company's Board of Directors and management confirm that they are working expeditiously to file the Required Documents and confirm that since the Default Announcement:

  • - There have been no material changes to the information contained in the Default Announcements that would reasonably be expected to be material to an investor;

  • - There have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information reporting guidelines under NP 12-203;

  • - There has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcements; and

  • - There have been no material changes in respect of the Company's affairs that have not been generally disclosed.

Until the Required Documents have been filed, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly default status reports in the form of further press releases for so long as the Company remains in default of the financial statement filing requirement.

On b e h a l f o f t h e B oa r d of D i rect o r s,

" Jack Bal "
Chief Executive Officer

Tel.: 1 -604-306-5285

jackbal@cacheexploration.com

N e it h e r T S X V e n t u r e E xc ha n g e n o r its R e g u l a ti o n S erv i ce s P r o v i d e r ( a s t ha t t er m is d e f i n e d in t h e p o li c i e s o f t h e T S X V e n t u r e E xc ha n g e ) a cce p ts res p o n s i b i lity f o r t h e ad e q u a c y o r a cc u r a c y o f t h is re l e a se .

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Stock charts overlayed with "Weekly Editor's Picks" text.

Editor's Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

The gold price saw peaks and troughs this week.

After rising to almost US$3,350 per ounce on Monday (May 26), the yellow metal took a dive, dropping just below the US$3,260 level on May 28 (Wednesday). It was back on the rise the next day, hitting US$3,324.

Trade tensions were in focus throughout the period.

Keep reading...Show less
Gold bars in stacks with words "5 Top Canadian Mining Stocks This Week" on top.

Top 5 Canadian Mining Stocks This Week: Adyton Sparkles with 97 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada reported on Friday (May 30) that real gross domestic product (GDP) gained 0.5 percent during the first quarter of 2025. Even on a per capita basis, real GDP posted a strong 0.4 percent increase.

The agency primarily attributed the rise to a 1.6 percent increase in exports during the quarter. The higher export amounts were led by a 16.7 percent growth in passenger vehicle exports and a 12 percent rise in industrial machinery, equipment and parts exports, both of which were driven higher in response to imposed and threatened tariffs from the United States.

Keep reading...Show less
Pacgold

Successful $5.6 million Placement for Exploration Program at Alice River Gold Project

Ǫueensland focused gold explorer, Pacgold Limited (ASX: PGO) (Pacgold or the Company) is pleased to announce it has received firm commitments for a $5.6 million two-tranche placement (Placement) via the issue of 93.3 million new fully paid ordinary shares in the Company (New Shares).

Keep reading...Show less
NevGold Announces Closing of Upsized C$6.0M Brokered Private Placement Financing

NevGold Announces Closing of Upsized C$6.0M Brokered Private Placement Financing

Nevgold Corp. (" NevGold " or the " Company ") (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has closed its previously-announced brokered private placement financing and concurrent non-brokered financing of units (the " Units ") for gross proceeds of $6,000,000 (the " Offering "). Each Unit, priced at $0.30 per Unit (the " Issue Price "), consists of one common share in the capital of the Company (each, a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.45 until May 29, 2027. Clarus Securities Inc. (the " Lead Agent "), was Lead Agent and sole bookrunner, on behalf of Research Capital Corp. and Moneta Securities Corp. (the " Agents ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Grande Portage Resources (TSXV:GPG)

Grande Portage Announces Important Developments for Direct Ore Shipping at the Proposed Cascade Point Marine Terminal Site near Juneau, Alaska

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") is pleased to announce that the Alaska Department of Transportation & Public Facilities (DOT&PF) is advancing infrastructure development at Cascade Point, the site of the company's proposed ore shipping terminal as well as a proposed passenger ferry terminal.

The Cascade Point property is owned by Goldbelt Inc, an Alaska Native corporation based in Juneau. Goldbelt and Grande Portage have an existing Letter of Intent to cooperate on advancing a freight barge terminal facility at the site, which would be utilized for transportation of ore from the company's New Amalga Gold Project to a third-party processing facility. (See Grande Portage press release dated September 10, 2024)

Keep reading...Show less

Latest Press Releases

Related News

×