Business
Cariboo Rose Provides Bi-Weekly MCTO Status Update
(TheNewswire) Vancouver, BC - TheNewswire - August 25, 2023 - Cariboo Rose Re...
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"Cariboo Rose Provides Bi-Weekly MCTO Status Update\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n August 25, 2023 -\n \n \n \n Cariboo\nRose Resources Ltd.\n \n \n \n (“\n \n \n \n Cariboo\nRose\n \n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n \n (TSX-V:CRB)\n \n \n \n i\n \n \n s providing a bi-weekly default status update\nin accordance with National Policy 12-203 – Management Cease Trade\nOrders (“NP 12-203”)\n \n \n \n \n In a press release dated June 29, 2023, the Company\nannounced (the “Default Announcement”) that it submitted an\napplication to the British Columbia Securities Commission (the\n“BCSC”), the Company’s principal regulator, for a management\ncease trade order (“MCTO”) in connection with the Company’s\ndelay in filing its audited annual financial statements for the year\nended February 28, 2023, and the management's discussion and analysis\nand related CEO and CFO certificates for the period (collectively, the\n“Required Annual Documents”) which were required to be filed on or\nbefore June 28, 2023.\n \n \n \n \n The MCTO was issued by the BCSC on June 29, 2023. It\nprevents the Company’s President and Chief Financial Officer from\ntrading in the Company’s securities but does not affect the ability\nof other shareholders, including the public, to trade in the\nsecurities of the Company.\n \n \n \n \n Cariboo Rose remains confident in its ability to\ncomplete the Required Annual Documents and expects to file them as\nsoon as they are available, but is looking at completion by or about\nAugust 31, 2023.\n \n \n \n \n As a result of the late filing of the Required Annual\nDocuments, the Company was not in a position to file its financial\nstatements, management's discussion and analysis and related officer\ncertifications for the three-month period ended May 31, 2023 (the\n“1Q Interim Materials”), before the prescribed deadline of July\n31, 2023. The Company expects to file the 1Q Interim Materials on or\nabout September 7, 2023.\n \n \n \n \n \n \n The MCTO remains in\neffect until the Company files the Required Documents and the BCSC’s\nExecutive Director has revoked the MCTO. The C...