Business
KORE Provides Update On Annual Financial Statements
(TheNewswire) Vancouver, BC, June 26, 2025 – TheNewswire - KORE Mining L...
About this update from Kore Mining Ltd.
[{"type":"text","content":"KORE Provides Update On Annual Financial Statements\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC, June 26, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n KORE Mining Ltd. (TSXV: KORE) (“\n \n\n KORE\n \n\n ” or the\n“\n \n\n Company\n \n\n ”) is providing this update on the status of a management\ncease trade order granted on May 1, 2025 (the \"\n \n\n MCTO\n \n\n \") by the\nBritish Columbia Securities Commission under National Policy 12-203\n– Management Cease Trade Order (\"\n \n\n NP 12-203\n \n\n \"). On\nMay 1, 2025 and May 29, 2025, the Company announced that, for reasons\ndisclosed in these news releases, there would be a delay in the filing\nof its financial statements and accompanying management’s discussion\nand analysis for the fiscal year ended December 31, 2024 (the\n\"\n \n\n Annual\nFilings\n \n\n \") beyond the period prescribed\nunder applicable Canadian securities laws (the \"\n \n\n Default Announcement\n \n\n \").\n \n\n\n\n Due to additional audit procedures required by the\nauditor in connection with outstanding items necessary to support the\naudit process, as well as a temporary suspension of the audit caused\nby the Company’s financial constraints, which have since been\nresolved, the audit process has now resumed. The Company applied for,\nand received an extension of its MCTO by the British Columbia\nSecurities Commission. The Company is new required to complete its\nAnnual Filings by July 14, 2025, with the Interim Filings being due\nfor filing within 5 business days after the Annual Filings have been\nfiled.\n \n\n\n\n The Company reports that the audit is progressing and\nwill provide a further update on the timing of its Annual Filings on\nor about July 10, 2025. The Company is also progressing on completion\nof its Interim Filings, and will provide a further update on or about\nJuly 10, 2025. Further updates on timing will be provided by the\nCompany as necessary.\n \n\n\n\n During the MCTO, the general investing public will\ncontinue to be able to trade in the Company's listed common shares.\nHowever, the Company's chief executive office and chief financial\nofficer will not be able to trade in the Company's common shares.\n \n\n\n\n Other than as disclosed in this news release, there are\nno material changes to the informati...