2020 a/l result release date

Cache Receives Cease Trade Order

(TheNewswire)



V A N C O U V ER B C - TheNewswire April 5, 2021. Cache Exploration Inc. (the " Company " or " C ache " ), (TSXV:CAY) a nnou n ce s that further to its news releases dated January 29, 2021 and February 22, 2021 (the " Default Announcements ") 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 .

The Company now discloses that the filings of the Company's annual audited financial statements for the year ended September 30, 2020, including the related management's discussion and analysis (the " Audited Annual Financial Statements "), were not filed on or before the deadline of March 29, 2021 .

As a result, the British Columbia Securities Commission (the " BCSC ") issued a cease trade order (the " CTO ") against the Company and securities have been halted from trading on the TSX Venture Exchange (" TSXV "), effective March 31, 2021.

The Company has now filed its Audited Annual Financial Statements along with the related Management Discussion and Analysis.  Additionally, the Company has now filed its outstanding interim (quarterly) financial statements and related Management Discussion and Analysis for the period ended December 31, 2020 (together, the " Q1 Financials ").  The Q1 Financials were due to be filed on or before March 1, 2021 but were delayed pending the completion of the annual filing.

Management expects that the CTO and MCTO issued by the BCSC on will be revoked in the near future.

Upon revocation of the CTO and MCTO by the BCSC, the Company will then apply for reinstatement of trading on the TSXV, which as a result of the CTO halted trading in the Company's common shares.  The process of seeking reinstatement by the TSXV will begin as soon as possible and the Company will issue a further news release with respect to the expected timing of the reinstatement process in due course.

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

FORWARD LOOKING STATEMENTS : This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: revocation of the CTO and MCTO, results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise unless required by applicable securities law.

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)
Cache Exploration

Cache Exploration

Near-Surface, High-Grade Gold Exploration in Nunavut

Near-Surface, High-Grade Gold Exploration in Nunavut Keep Reading...
Stack of shiny gold bars with embossed details.

Metals Focus: Gold to Average US$4,560 in 2026 on Unpredictable US Trade Policy and Potential Stagflation

Leading gold analysis firm Metals Focus published its annual Precious Metals Investment Focus report on Saturday (October 25).The report outlines the investment options available for those interested in leveraging rising demand for precious metals such as gold and silver. The report also... Keep Reading...
Blackrock Silver Drills 5.03 Metres of 750 g/t AgEq  and Reports Multiple Thick Mineralized Zones in First Assays from Eastern Expansion Drill Program at Tonopah West

Blackrock Silver Drills 5.03 Metres of 750 g/t AgEq and Reports Multiple Thick Mineralized Zones in First Assays from Eastern Expansion Drill Program at Tonopah West

The Eastern Expansion Drill Program Is Targeting Prospective Shallow Mineralization Encountered in Scout Drilling Across a 1.2 Kilometre Trend EASTERN EXPANSION PROGRAM HIGHLIGHTS: TXC25-166 cut 5.03 metres grading 750 grams per tonne (g/t) silver equivalent (AgEq) (306.8 g/t silver (Ag) & 4.06... Keep Reading...
Metal Bank

MBK Update - HAS Gold Assets Acquisition

Metal Bank Limited (‘MBK’ or ‘the Company’) is pleased to advise the successful completion of the phase one drilling program by Hastings Technology Metals Ltd (HAS) at the Seven Leaders prospect, one of the multiple targets at the Whiteheads Gold project in WA near Kalgoorlie. The Whiteheads... Keep Reading...
Hand holding stylus near a gold bar, labeled "Weekly Editor's Picks."

Editor's Picks: Gold Price Recovers from Biggest One-Day Drop in 12 Years

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.Silver took a similar hit, slipping back below the US$50 per ounce level.The drops have been attributed to factors like a... Keep Reading...
Golconda Gold (TSXV:GG)

Gold and Crypto: Redefining the Future of Finance

Click here to register for the webinarGold is making a powerful comeback as a cornerstone of the global financial system—but it’s not alone. Digital assets and cryptocurrencies are rapidly transforming how capital moves across markets. Instead of competing, gold and crypto are increasingly... Keep Reading...

Latest Press Releases

Related News