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Ceylon Graphite Delayed in Completion of Annual Filings
Vancouver, BC, July 30, 2024 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. ("Ceylon" or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces today that it
About this update from Ceylon Graphite Corp.
[{"type":"text","content":" Vancouver, BC, July 30, 2024 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (\"Ceylon\" or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces today that it will not be in a position to file its audited financial statements, CEO and CFO certifications, and management discussion and analysis (the “Annual Filings”) for the year ended March 31, 2024 on or before July 29, 2024. The Company has been late in the preparation of the Annual Filings due to an auditor transition. As a result, the Company applied for a management cease trade order (\"MCTO\") under National Policy 12-203 – Management Cease Trade Orders (\"NP 12-203\"). An MCTO has been granted by the Company's principal regulator, the British Columbia Securities Commission. The Company is working diligently to complete the audit by September 27, 2024 and does not expect to experience delays with future filings. The issuance of such management cease trade order generally does not affect the ability of the general investing public to trade in the securities of the Company. The Company intends to provide updates in accordance with NP 12-203 with respect to further developments in respect of this matter promptly following their occurrence and will issue bi-weekly default status reports, in the form of news releases, for so long as the Annual Filings have not been filed. About Ceylon Graphite Corp. Ceylon is a public company listed on the TSX Venture Exchange that is in the business of mining for graphite and developing and commercializing innovative graphene and graphite applications and products. Graphite mined in Sri Lanka is known to be some of the highest grade in the world and has been confirmed to be suitable and easily upgradable for a range of applications including the high-growth electric vehicle and battery storage markets as well as construction, healthcare and paints and coatings sectors. Further information regarding Ceylon is available at www.ceylongraphite.com Sasha Jacob, Chief Executive Officer and Rita Thiel, Chair of the Board of Directors [email protected] Corporate Communications +1(604) 924-8695 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release FORWARD LOOKING STATEMENTS This news release co...