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Montfort Capital Announces Delay in Filing Annual Financial Statements and MD&A, Issuance of Cease-Trade Order
Montfort Capital Announces Delay in Filing Annual Financial Statements and MD&A, Issuance of ...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n\n\n\n Montfort Capital Announces Delay in Filing Annual Financial Statements and MD&A, Issuance of Cease-Trade Order\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n Montfort Capital Announces Delay in Filing Annual Financial Statements and MD&A, Issuance of Cease-Trade Order\n \n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n May 8, 2025\n \n\n /CNW/ - Montfort Capital Corp. (TSXV: MONT) (\"\n \n\n Montfort\n \n\n \" or the \"\n \n Company\n \n \") announces a delay in the filing of its audited consolidated financial statements, its management's discussion and analysis, and chief executive officer and chief financial officer certificates for the financial year ended\n \n December 31, 2024\n \n (the \"\n \n Required Filings\n \n \"), which were due to be filed by\n \n April 30, 2025\n \n under applicable Canadian securities law requirements.\n \n\n\n\n\n\n\n\n\n The Company advises that the expected delay to the Required Filings is primarily a result of the disposition of its former subsidiary, Brightpath Capital Corporation (\"\n \n Brightpath\n \n \") that closed on\n \n April 2, 2025\n \n , which impacted the Company's resources and ability to prepare its year end consolidated financial statements as at and for the year ended\n \n December 31, 2024\n \n .\n \n\n The Company is working diligently to file the Required Filings within the month of May and will issue a news release announcing completion of such filings at such time.\n \n\n\n Issuance of Cease-Trade Order\n \n\n\n As a result of the Company's failure to file the Required Filings by\n \n April 30, 2025\n \n , the Ontario Securities Commission (the \"\n \n OSC\n \n \") issued a failure-to-file cease trade order (the \"\n \n FFCTO\n \n \") to the Company on\n \n May 7, 2025\n \n .\n \n\n The FFCTO prohibits the trading by any person of any securities of the Company in each jurisdiction in\n \n Canada\n \n in which the Company is a reporting issuer, for as long as the FFCTO remains in effect, subject to the following exception.\n \n\n The FFCTO provides an exception for beneficial s...