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Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (OTCQB: SRANF) ("Sranan" or the "Company") announces that it anticipates a delay in the filing of its financial statements, as required pursuant to Part 4 of National Instrument 51-102 - Continuous Disclosure Obligations (the "Instrument"). The potential delay arises from a joint assessment by the Company and its auditor regarding the time required to complete the remaining audit procedures and the related review process. The delay is primarily due to timing issues associated with the Company's operations in Suriname, including delays in receiving and reviewing financial information, additional audit procedures required for the Company's first audited financial statements following the acquisition of the Suriname subsidiary, translation of foreign-language documents, approval of a change in fiscal year-end by Suriname tax authorities, and the determination of appropriate accounting treatment for a complex acquisition structure.
The Company is currently awaiting clarification on certain tax items in Suriname required to finalize the tax provision note in the financial statements. The Company remains in ongoing communication with its auditor to confirm any remaining documentation requirements and has committed to providing any outstanding materials promptly upon request. Based on discussions with the Company's auditor, the Company expects to be in a position to file its audited financial statements on or before February 27, 2026.
As a precautionary measure, the Company is pursuing a Management Cease Trade Order ("MCTO") to provide additional time, if required. Both the Company and its auditors remain fully committed and are working diligently toward the completion and filing of the financial statements.
The Instrument requires that the Company's audited financial statements, management's discussion and analysis ("MD&A"), and Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO") certifications relating to the audited financial statements for the year ended September 30, 2025, be filed by January 28, 2026. The Company expects that the audited financial statements, MD&A, and CEO and CFO certifications relating to the audited financial statements for the year ended September 30, 2025 (collectively, the "Required Filings") will be completed and filed on or before February 27, 2026. The Company expects to proceed with the filing of its interim first-quarter financial statements on its due date.
In connection with the anticipated delays in making the Required Filings within the time periods mandated by the Instrument, the Company has made an application under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") to the Alberta Securities Commission, as principal regulator for the Company, requesting that a MCTO be issued. If granted, the MCTO will restrict all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.
The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname and Canada. The Company's flagship Tapanahony Project covers 29,000 hectares in one of Suriname's most prolific artisanal gold mining districts.
For more information, please visit http://www.sranangold.com.
For further information, please contact:
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
Forward-looking statements
Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sranan and there is no assurance that the actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates," "believes," "targets," "estimates," "plans," "expects," "may," "will," "could" or "would."
This news release contains forward-looking statements, including, but not limited to, statements regarding management's expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sranan does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281043
