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Altiplano Updates Status on Late Filing of Financial Statements
Edmonton, Alberta--(Newsfile Corp. - June 1, 2023) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2J...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Updates Status on Late Filing of Financial StatementsEdmonton, Alberta--(Newsfile Corp. - June 1, 2023) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") further to the Company's press release dated May 18, 2023, the Company announces that there will be a further delay in the filing of its annual audited financial statements for the financial year ended December 31, 2022 required pursuant to Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (the \"Instrument\"). As a result of the delay in filing of the annual audited financial statements, the Company also anticipates a delay in the filing of the first quarter unaudited interim financial statements for the period ended March 31, 2023. The delay is due to the auditors' assessment of the time required for the remaining audit procedures, and the auditors' review process. Both the Company and its auditors continue to work diligently towards the completion and filing of the annual audited financial statements. The Company will also file as soon as possible thereafter the management prepared unaudited interim financial statements for the first quarter ended March 31, 2023.The Instrument required that the Company's audited financial statements and MD&A for the fiscal year ended December 31, 2022 be filed by May 1, 2023. The Instrument also required that the Company's unaudited interim financial statements and MD&A for the first quarter ended March 31, 2023 be filed by May 31, 2023. The Company and its auditor are in the process of completing the associated audit work to complete the audited financial statements. The Company expects that the audited financial statements and MD&A for the year ended December 31, 2022, and the unaudited interim financial statements and MD&A for the first quarter ended March 31, 2023 will be completed and filed on or before June 6, 2023 (collectively, the \"Required Filings\").In connection with the anticipated delays in making the Required Filings within the time periods mandated by the Instrument, the Company made an application for a Management Cease Trade Order (\"MCTO\") under National Policy 12-203 Cease Trade Orders (\"NP 12-203\") to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on May 3, 2023. The MCTO restricts all...