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DESERT MOUNTAIN ENERGY CORP. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND RELATED FILINGS
DESERT MOUNTAIN ENERGY CORP. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND RELATED...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY CORP. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND RELATED FILINGS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSX.V: DME\n \n U.S. OTC: DMEHF\n \n \n Frankfurt\n \n : QM01\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Jan. 30, 2024\n \n \n /CNW/ - Desert Mountain Energy Corp. (the \"\n \n Company\n \n \" or \"\n \n Desert Mountain\n \n \") (TSXV: DME) was not able to file its annual audited financial statements for the year ended\n \n September 30, 2023\n \n and its related MD&A, and chief executive officer and chief financial officer certifications in respect of the foregoing, as well as its statement of reserves data and other oil and gas information, report on reserves data by an independent qualified reserves evaluator or auditor, report of management and directors on oil and gas disclosure and notice of filing of 51-101F1 information (collectively, the \"\n \n Required Filings\n \n \"), by the prescribed filing deadline of\n \n January 29, 2024\n \n (the \"\n \n Filing Deadline\n \n \").\n \n \n The Company made an application to the British Columbia Securities Commission for a temporary management cease trade order (\"\n \n MCTO\n \n \") under National Policy 12-203 –\n \n Management Cease Trade Orders\n \n (\"\n \n NP 12-203\n \n \").  The MCTO was granted today.  The MCTO restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company. The issuance of the MCTO does not generally affect the ability of persons who are not directors, officers or other insiders of the Company to trade in securities of the Company.\n \n \n The Company anticipates that it will be a position to remedy the default by filing the Required Filings no later than\n \n March 29, 2024\n \n . The MCTO will be in effect until the Required Filings are filed.\n \n \n The Company intends to satisfy the provisions of the alternative information guidelines set...