Latest news with #AnnualFinancialFilings
Toronto Star
a day ago
- Business
- Toronto Star
Prime Drink Group Provides Bi-Weekly MCTO Status Report and Announces Closing of Private Placement
MONTREAL, Aug. 15, 2025 (GLOBE NEWSWIRE) — Prime Drink Group Corp. (CSE: PRME) ('Prime' or the 'Company') announces that further to its news release date July 30, 2025, the Company voluntarily applied for and the Company's principal regulator, the British Columbia Securities Commission (the 'BCSC') granted a management cease trade order (the 'MCTO') dated July 30, 2025, under National Policy 12-203 Management Cease Trade Orders ('NP 12-203') and provided the Company with an extension to file its annual financial statements for the period ended March 31, 2025, including the related management's discussion and analysis, and related certifications on or before July 29, 2025 (collectively the 'Annual Financial Filings'). The deadline has now been extended to on or before September 29, 2025. Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer of the Company may not trade in securities of the Company until such time as the Company files its Annual Financial Filings on or before September 29, 2025, and the Executive Director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.
Hamilton Spectator
31-07-2025
- Business
- Hamilton Spectator
Prime Drink Group Extends Expiry Date of Its Rights Offering and Announces Delay in Filing Annual Financial Statements
MONTREAL, July 30, 2025 (GLOBE NEWSWIRE) — Prime Drink Group Corp. (CSE: PRME) ('Prime' or the 'Company') announces that, pursuant to a notice of variation dated July 29, 2025 (the 'Notice of Variation'), it has extended the expiry date of its previously announced rights offering (the 'Rights Offering') to August 29, 2025. All other terms of the Rights Offering remain the same as described in the Circular (as defined herein) and as announced in its press release dated June 18, 2025. A copy of the Notice of Variation is available on SEDAR+ at . As described in the rights offering circular dated June 18, 2025 (the 'Circular'), the Company is offering a maximum of 353,409,888 rights (the 'Rights') to holders (the 'Shareholders') of its common shares (the 'Shares') as at the close of business on the record date of June 25, 2025 (the 'Record Date') on the basis of one (1) Right for each one (1) Share held. Each one (1) Right will entitle the holder to subscribe for one Share (each, a 'Rights Share') at the subscription price of $0.0825 per Rights Share. For details regarding the anticipated use of net proceeds from the Rights Offering, please refer to the Circular, which is also available on SEDAR+ at . Delay in Filing the Company's Annual Financial Statements The Company also announces that the filing of its audited annual financial statements for the year ended March 31, 2025, including the related management discussion and analysis, and Chief Executive Officer and Chief Financial certifications (collectively, the 'Annual Financial Filings') was not filed by the required filing deadline of July 29, 2025 (the 'Filing Deadline'). The unforeseen delay is due to the fact that the Company changed its auditor from MNP LLP Chartered Professional Accountants to Horizon Assurance LLP ('Horizon') during the year ended March 31, 2025 and Horizon requires additional time to complete the audit. The Company is working diligently with Horizon and the Company anticipates that it will be in a position to file the Annual Financial Filings by September 29, 2025. Pursuant to National Policy 12-203 Management Cease Trade Orders ('NP 12-203') the Company has voluntarily applied to the applicable securities regulatory authorities and received a management cease trade order related to the Company's securities to be imposed against the Chief Executive Officer and Chief Financial Officer of the Company to trade securities of the Company (the 'MCTO'). The MCTO will be in effect until the Annual Financial Filings are filed. All other securityholders will still be able to trade in the securities of the Company in accordance with applicable securities laws. Until the Annual Financial Filings are filed and the MCTO has been revoked, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing default status reports in the form of further press releases every two weeks. About Prime Drink Group Prime Drink Group Corp (CSE: PRME) is a Québec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media and hospitality sectors. For further information, please contact: Jean Gosselin, CFO Phone: (514) 394-7717 Email: info@ This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities within the United States, and the securities may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States or any U.S. person, unless registered under the U.S. Securities Act and applicable U.S. state securities laws, or pursuant to an exemption from such registration requirements described in the Circular. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful absent registration or qualification of such securities under the laws of any such jurisdiction. 'United States' and 'U.S. person' are as defined in Regulation S under the U.S. Securities Act. Forward-Looking Information This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations (including negative and grammatical variations) of such words and phrases or statements that certain acts, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information in this press release may include, without limitation, statements relating to anticipated proceeds raised from the Rights Offering. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding market conditions, number of Shareholders exercising their rights, general economic factors and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of Prime may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Prime believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Prime disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Yahoo
01-05-2025
- Business
- Yahoo
Stardust Solar Announces Delay in Filing Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) ("Stardust Solar" or the "Company"), a leading provider of residential solar energy solutions, announces that its audited annual financial statements for the year ended December 31, 2024, including the related management discussion and analysis, and Chief Executive Officer and Chief Financial Officer certifications (collectively, the "Annual Financial Filings") were not filed by the required filing deadline of April 30, 2025 (the "Filing Deadline"). The Annual Financial Filings were not filed on or before the Filing Deadline as the Company has had a new management team since late 2024 following the closing of the qualifying transaction. The Company's auditors have advised that they require additional time to complete the audit. The Company is working on the steps required to complete the Annual Financial Filings and expects to be able to file the Annual Financial Filings by June 30, 2025. The Company will provide updates as further information relating to the Annual Financial Filings becomes available. The Company has voluntarily applied to the applicable securities regulatory authorities and received a management cease trade order ("MCTO") imposed against the Chief Executive Officer and Chief Financial Officer of the Company precluding them from trading securities of the Company. The MCTO will be in effect until the Annual Financial Filings are filed and requires that the Annual Financial Filings be filed on or before June 30, 2025. Until the Annual Financial Filings are filed, the Company intends to issue bi-weekly default status reports in accordance with National Policy 12-203 - Management Cease Trade Orders. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed. About Stardust Solar Stardust is a North American franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. Stardust lends its brand and business management services to entrepreneurs looking to enter the renewable energy industry. Stardust franchisees install and maintain clean energy systems for residential and commercial purposes. As a franchisor, Stardust supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. In addition, Stardust supports its franchisees with many services from corporate headquarters, including marketing, sales, engineering, plan sets, customer service, and project management. Media and Investor Contacts: Mark TadrosChief Executive Officer, Chairman and Director For further information or media requests, please contact:Steve Rickaby, Investor Relations and Communications: steve@ t: (672) 472-1345 Email: investors@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Forward looking statements made in this news release include the anticipated filing date of the Annual Financial Filings. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, availability of funds, personnel and other resources necessary to conduct the business activities of the Company. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. To view the source version of this press release, please visit
Associated Press
11-04-2025
- Business
- Associated Press
Xcyte Digital Announces Delay in Filling Fiscal 2024 and Q1 Fiscal 2025 Financial Results and Cease Trade Order
POMPANO BEACH, FLORIDA / ACCESS Newswire / April 11, 2025 / Xcyte Digital Corp. (TSXV:XCYT) ('Xcyte', or the 'Company'), a trusted global events technology company, specializing in next-generation event solutions, discloses today that the filing of its annual financial statements for the fiscal year ended September 30, 2024, the related management's discussion and analysis and the related officer certifications of the annual filings and for Q1 Fiscal 2025 (collectively, the '2024 Annual Financial Filings' and 'Q1 2025 Financial Filings') were not completed by the deadline of January 28, 2025, and March 3, 2025 respectively (the 'Filing Deadlines'). As a result, before markets opened on April 9, 2025, the Canadian Investment Regulatory Organization issued a cease trade order (the 'Cease Trade Order') against the Corporation and its securities have been halted from trading on the TSX Venture Exchange. The Company agrees with the Canadian Investment Regulatory Organization with this Cease Trade Order as current public information does not adequately reflect the Company's performance as a result of its recent acquisitions. The Company is working diligently and expeditiously with MNP in order to complete the 2024 Annual Financial Filings and Q1 2025 Financial Filings as soon as practicable, and integrate disparate internal systems to ensure future filing deadlines are met. The Company currently anticipates that it will be in a position to remedy any filing defaults and return to compliance by completing the 2024 Annual Financial Filings and Q1 2025 Financial Filingson or before April 30, 2025. About Xcyte Digital Corp. Xcyte Digital Corp. (TSXV:XCYT) is a trusted global events technology partner, specializing in next generation event technology for physical, hybrid, virtual, immersive and phone-based events. Combining proprietary technology with a robust partner ecosystem, Xcyte offers both do-it-yourself and managed services, ensuring secure and scalable solutions worldwide. Thousands of clients, from innovative startups to major corporations, rely on Xcyte's cost-effective, multi-platform subscription model to meet their event needs. Xcyte Digital is headquartered in Canada and the USA, with operations across the globe. Visit us at For more information contact: Xcyte Digital Corp. Randy Selman, Chief Executive Officer and Director Phone: (647) 777 7501 Email: [email protected] Investor Relations Nikhil Thadani, Sophic Capital Email: [email protected] Phone: (647) 777 7501 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements Certain information contained in this release constitute forward-looking statements or information under Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as 'will', 'expects', 'anticipates' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. In particular, forward-looking statements in this release include statements regarding the anticipated timing for the filing of the Annual and Q1 Filings. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including that the Annual and Q1 Filings may not be completed in the time anticipated. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. The Company cautions readers of this news release not to place undue reliance on the forward-looking statements contained in this release as many factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other risk factors that could affect the Company's operations are outlined in the Company's continuous disclosure documents that can be found on SEDAR+ ( ) under Xcyte's issuer profile. Xcyte does not intend and disclaims any obligation, except as required by law, to update or revise any forward-looking statements, whether because of new information, future events, or otherwise. SOURCE: Xcyte Digital press release
Yahoo
29-01-2025
- Business
- Yahoo
Alset AI Announces Delay in Filing Audited Annual Financial Statements
VANCOUVER, BC / / January 29, 2025 / Alset AI Ventures Inc.(TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ)("Alset AI" or the "Company") an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, announces that the filing of its audited annual financial statements for the year ended September 30, 2024, including the related management discussion and analysis, and Chief Executive Officer and Chief Financial certifications (collectively, the "Annual Financial Filings") were not filed by the required filing deadline of January 28, 2025 (the "Filing Deadline"). The Annual Financial Filings will not be filed before the Filing Deadline due to various unforeseen delays in the completion of the Company's audit of the Annual Financial Filings. The unforeseen delays are due to the fact that the Company recently changed its bookkeeper, and the file transition has caused delays in completing its audit in advance of the deadline. Consequently, the auditors require additional time to complete its audit. The Company is working diligently with its auditors and anticipates that it will be in a position to file the Annual Financial Filings by March 11, 2025. Pursuant to National Policy 12-203 Management Cease Trade Orders ("NP 12-203") the Company has voluntarily applied to the applicable securities regulatory authorities and received a management cease trade order related to the Company's securities to be imposed against the Chief Executive Officer and Chief Financial Officer of the Company to trade securities of the Company (the "MCTO"). The MCTO will be in effect until the Annual Financial Filings are filed. All other securityholders will still be able to trade in the securities of the Company in accordance with applicable securities laws. Until the Annual Financial Filings are filed and the MCTO has been revoked, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing default status reports in the form of further press releases every two weeks. On behalf of Alset AI Ventures Inc. "Adam Ingrao" Adam IngraoChief Executive Officer About Alset AI Ventures Inc. Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth. For further information about Alset AI Ventures Inc., please contact: Adam Ingrao, Chief Executive OfficerT: 1-236-312-6744E: ir@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements in this release relate to, among other things, the expected timing for the filing of the Company's audited annual financial statements for the year ended September 30, 2024, and related documents (the "Annual Financial Filings"), the anticipated duration of the management cease trade order ("MCTO"), the Company's efforts to complete its audit, and its intention to provide bi-weekly default status reports in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). Forward-looking statements are based on management's current expectations, estimates, projections, assumptions, and beliefs, including, but not limited to, assumptions regarding the completion of the audit in a timely manner, the availability of necessary financial and accounting resources, the ability of the Company's auditors to complete their review without further delays, and the Company's ability to satisfy the conditions for lifting the MCTO. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements. Such risks and uncertainties include, but are not limited to, unforeseen delays in the audit process, the risk that the Annual Financial Filings may not be filed within the anticipated timeframe, regulatory risks related to the MCTO and its potential impact on the Company, changes in accounting or regulatory requirements, and general business, economic, and competitive uncertainties. Readers are cautioned that the forward-looking statements contained in this news release should not be unduly relied upon. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are provided in reliance on safe harbor provisions of applicable securities laws and should be read with the cautionary statements and risk factors disclosed in the Company's continuous disclosure filings available on SEDAR+ at SOURCE: Alset AI Ventures Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
