Latest news with #NP12-203
Toronto Star
4 days 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.
Toronto Star
6 days ago
- Business
- Toronto Star
Elcora Provides Update on Status of Management Cease Trade Order
HALIFAX, Nova Scotia, Aug. 13, 2025 (GLOBE NEWSWIRE) — ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the 'Company' or 'Elcora'), is providing this update on the status of a management cease trade order granted on July 30, 2025 (the 'MCTO') by the Nova Scotia Securities Commission under National Policy 12-203 – Management Cease Trade Order ('NP 12-203'). On July 14, 2025 and July 30, 2025, the Company announced that, for reasons disclosed in the news releases, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended March 31, 2025 (the 'Annual Filings') beyond the period prescribed under applicable Canadian securities laws (the 'Default Announcement'). 'We remain committed to complete the audit as soon as possible,' said Troy Grant, CEO of the Company.
Toronto Star
12-08-2025
- Business
- Toronto Star
Westkam Gold Corp. Provides Update on Management Cease Trade Order
Vancouver, BC, Canada, Aug. 12, 2025 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSXV:WKG) (the 'Company' or 'WestKam'), is providing a bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders ('NP 12-203'). On July 2, 2025 (the 'MCTO Announcement'), the Company announced that it had applied to the British Columbia Securities Commission (the 'BCSC') for a management cease trade order (the 'MCTO') in connection with the delay by the Company in filing its interim financial statements, the related management's discussion and analysis and the related officer certifications for the six month period ended April 30, 2025 (collectively, the 'Interim Filings'), before the filing deadline of June 30, 2025 (the 'Filing Deadline') as required under applicable Canadian securities laws. The BCSC issued the MCTO on July 2, 2025, and issued an amended MCTO on July 16, 2025. Pursuant to the MCTO, as amended, the CEO and CFO of the Company are restricted from trading in the securities of the Company until such time as the Company files the Interim Filings and the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders of the Company to trade their securities.
Toronto Star
08-08-2025
- Business
- Toronto Star
Regenx Provides Bi-Weekly Update on Status of Management Cease Trade Order
EDMONTON, Alberta, Aug. 08, 2025 (GLOBE NEWSWIRE) — Regenx Tech Corp., (the 'Corporation' or 'Regenx') (CSE: RGX) (OTCQB: RGXT) (FSE: YRS WKN: A2DSW3) is providing this bi-weekly update on the status of the application to the Alberta Securities Commission for a management cease trade order, under National Policy 12-203 - Management Cease Trade Orders ('NP 12-203'), following the Corporation's announcement on July 24, 2025 (the 'Announcement') that it will be unable to file its audited annual financial statements, management's discussion and analysis and related certifications for the fiscal year ended March 31, 2025 (the 'Annual Filings') on or before July 29, 2025, as required under applicable securities laws. No decision has been made yet by the Alberta Securities Commission on this application. The Corporation still expects to file the Annual Filings by September 29, 2025. The Corporation confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) the Corporation is satisfying and confirms that it intends to continue to satisfy the provisions of the 'alternative information guidelines' under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Annual Filings continues, each of which will be issued in the form of a news release; (iii) there has not been any other specified default by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no material information concerning the affairs of the Corporation that has not been generally disclosed.
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.
