Business
Eastfield Provides Bi-Weekly MCTO Status Update
(TheNewswire) Vancouver, BC - TheNewswire - August 25, 2023 - Eastfield Resou...
About this update from Eastfield Resources Ltd.
[{"type":"text","content":"Eastfield 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 \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n August 25, 2023 -\n \n \n \n Eastfield Resources Ltd.\n \n \n \n (“\n \n \n \n Eastfield\n \n \n \n ” or the\n“\n \n \n Company\n \n \n ”)\n \n \n \n (TSX-V:ETF)\n \n \n \n (\n \n \n OTC:ETFLF) i\n \n \n s\nproviding a bi-weekly default status update in accordance with\nNational Policy 12-203 – Management Cease Trade Orders (“NP\n12-203”)\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 Eastfield remains confident in its ability to complete\nthe Required Annual Documents and expects to file them as soon as they\nare available, but is looking at completion by or about August 31,\n2023.\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 The MCTO remains in effect until the Company files the\nRequired Documents and the BCSC’s Executive Director has revoke...