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Founders Metals Inc. Provides Bi-Weekly Status Report Regarding MCTO and Update Regarding Annual Audited Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2022) - Founders Metals Inc. (TSXV:...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Inc. Provides Bi-Weekly Status Report Regarding MCTO and Update Regarding Annual Audited Financial StatementsVancouver, British Columbia--(Newsfile Corp. - January 13, 2022) - Founders Metals Inc. (TSXV: FDR) (\"Founders\" or the \"Company\") provides this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults (\"NP 12-203\"). As previously stated in the Company's press release dated December 30, 2021, the Company will be delayed in the filing of its audited annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended August 31, 2021 (the \"Annual Filings\") and the Company applied for and was granted a management cease trade order in respect of the delayed Annual Filings (the \"MCTO\") by the British Columbia Securities Commission. The MCTO prohibits the CEO and CFO of the Company from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares. The Company's board of directors and its management are working expeditiously to meet the Company's obligations relating to the filing of the Annual Filings. At this time, the Company anticipates being able to complete the Annual Filings on or before January 29, 2022.About Founders Metals Inc.Founders Metals Inc. is a Canadian exploration company focused on advancing the resource potential of the Elmtree Gold Project in northeastern New Brunswick. The road-accessible project consists of three expansion-ready gold deposits and numerous additional exploration targets. Founders is a member of the Metals Group of companies, an award-winning team of professionals who prioritize technical excellence, careful project selection, and uncompromising corporate governance. The team has a recognized ability to capitalize on investment opportunities and deliver shareholder returns. For further information, please contact:Nick Stajduhar, DirectorTelephone: +1 (780) 701-3216 Email: [email protected] INFORMATIONCertain statements contained in this press release constitute forward-looking information. These statements relate to future events or futu...