Business
Minera IRL Announces Application for Management Cease Trade Order
LIMA, Peru, April 03, 2023 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB:MRLLF) announces that
About this update from Minera Irl Limited
[{"type":"text","content":" LIMA, Peru, April 03, 2023 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB:MRLLF) announces that it was unable to file its annual financial statements, management’s discussion and analysis and the required certifications (the “Annual Filings”) on or before the prescribed filing deadline of March 31, 2023 (the “Annual Filing Deadline”) as required by National Instrument 51-102, Continuous Disclosure Obligations, and National Instrument 52-109, Certification of Disclosure in Issuer’s Annual and Interim Filings, respectively. The Annual Filings could not be filed on or before the Annual Filing Deadline due to unanticipated requests for information from our auditor, which the Company has since provided. The audit of the Company’s two operating subsidiaries has been completed and the report provided to our auditor, who is working expeditiously to consolidate the two subsidiaries with the parent company. Upon completion of the final report, we will be able to submit the Annual Filings. As a result, the Company filed an application to the British Columbia Securities Commission to approve a temporary management cease trade order (“MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). The MCTO was granted, effective April 3, 2023, prohibiting trading in securities of the Company by the CEO, Diego Benavides and CFO, Carlos Ruiz de Castilla. The Company expects to file the Annual Filings on or before May 1, 2023. The MCTO will be in effect until the Annual Filings are filed. The Company confirms that it will comply with the alternative information guidelines included in NP 12-203 so long as the Annual Filings are outstanding. On behalf of the Board of Directors of Minera IRL Limited Minera IRL LimitedGerardo PérezExecutive Chairman +51 1 418 - 1230 Diego BenavidesCEO and Director +51 1 418 - 1230 FOR FURTHER INFORMATION, PLEASE CONTACT: Minera IRL LimitedSusan GabbieManager, Communications+51 1 418 - 1230 Pedro ValdezHead of Investor Relations+51 1 418 – 1230 No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release. Cautionary Statement on Forward-Looking Information Certain information in this news release, including information about the Compan...