Business
Majestic Provides Status Update to Management Cease Trade Order
VANCOUVER, BC / ACCESSWIRE / July 14, 2020 / Majestic Gold Corp. ("Majestic" or the "C...
About this update from Majestic Gold Corp.
[{"type":"text","content":"Majestic Provides Status Update to Management Cease Trade OrderVANCOUVER, BC / ACCESSWIRE / July 14, 2020 / Majestic Gold Corp. (\"Majestic\" or the \"Company\") (TSXV:MJS)(FSE:A0BK1D) is providing this biweekly default status report in accordance with National Policy 12-203 (Management Cease Trade Orders).On June 11, 2020, the Company announced that it had made application to the British Columbia Securities Commission (\"BCSC\"), under NP 12-203, requesting that a temporary management cease trade order (\"MCTO\") be granted in respect of the anticipated late filing of the Company's annual audited financial statements, management's discussion and analysis, and officers' certificates for the year ended December 31, 2019 (the \"Annual Filings\"). The MCTO was granted June 16, 2020.There has been no material change to the information contained in the default announcement of June 11, 2020, that has not been generally disclosed and there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders. The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines for so long as it is delayed in filing the Company's Annual Filings.The Company continues to work with its auditor to complete its Annual Filings, and updates its anticipated filing date to July 20, 2020. The Company will then complete the filing of its unaudited interim financial statements and management's discussion and analysis and officer's certificates for the three months ended March 31, 2020, on or before July 27, 2020.While the MCTO remains in effect, Majestic's directors, officers and insiders cannot trade the Company's securities.About Majestic GoldCurrently focused solely in China, Majestic Gold Corp. is a British Columbia based company engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional information on the Company and its projects is available at www.sedar.com and on the Company's website at www.majesticgold.com.For further information, please contact:Stephen Kenwood, P.Geo., President and CEOTelephone: (604) 560-9060Email: [email protected]: www.majesticgold.comFORWARD LOOKING INFORMATIONC...