Business
Centurion Minerals Ltd. Announces Grant of Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - CENTURION MINERALS LTD. (TSXV...
About this update from Centurion Minerals Ltd.
[{"type":"text","content":"Centurion Minerals Ltd. Announces Grant of Management Cease Trade OrderVancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - CENTURION MINERALS LTD. (TSXV: CTN) (\"Centurion\" or the \"Company\") announces that the British Columbia Securities Commission, as principal regulator, has granted the Company a management cease trade order (the \"MCTO\"). As previously announced on November 14, 2025 and further clarified on November 27, 2025 (the \"Announcement\"), the Company applied for the MCTO due to a delay in the filing of its audited annual financial statements, management's discussion and analysis and related certifications for the financial year ended July 31, 2025 (collectively, the \"Required Filings\"), which were due on November 28, 2025.During the MCTO, the general investing public will continue to be able to trade in common shares in the capital of the Company listed on the TSX Venture Exchange (the \"TSXV\"); however, the MCTO restricts the Chief Executive Officer and Chief Financial Officer from trading in the securities of the Company until such time the Required Filings have been filed by the Company and the MCTO has been lifted. The Company and its auditor continue to work diligently toward completing the Required Filings as soon as possible. The anticipated delay was solely related to the payment of outstanding fees previously owed to its auditor in relation with the audit. These fees have since been paid, and the audit has commenced.The Company currently expects that it will be in a position to file the Required Filings on or before January 27, 2026 and will issue a news release announcing completion of such filings once completed. Until the Company files the Required Filings, it will comply with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders (\"NP 12-203\"). These guidelines require the Company to issue bi-weekly default status reports by way of a news release during the period of the MCTO. The Company 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) there has not been any other specified default by the Company under NP 12-203; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no mater...