Business
New Zealand Energy Corp. Announces Issuance of Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - New Zealand Energy Corp. (TSXV: NZ...
About this update from New Zealand Energy Corp.
[{"type":"text","content":"New Zealand Energy Corp. Announces Issuance of Cease Trade OrderVancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - New Zealand Energy Corp. (TSXV: NZ) (\"NZEC\" or the \"Company\") announces that the British Columbia Securities Commission (the \"BCSC\") issued a cease trade order against the Company effective May 6, 2025, for failing to file audited annual financial statements, management's discussion and analysis and annual certifications for the year ended December 31, 2024 (collectively, the \"Required Filings\") within the time period prescribed by securities regulation. In addition, as a result of the BCSC cease trade order, the Canadian Investment Regulatory Organization imposed a halt of trading of the Company's common shares on May 7, 2025. It is expected that the required filings will be completed by May 16, 2025.On behalf of the Board of Directors\"Michael Adams\"Chief Executive OfficerNew Zealand Energy Corp. Tel: +64-6-757-4470 New Zealand Energy Corp. ContactsEmail: [email protected] Website: www.newzealandenergy.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Information: This news release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the business of the Company, including future plans and objectives. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects NZEC's current beliefs and is based on information currently available to NZEC and on assumptions NZEC believes are reasonable. These assumptions include, but are not limited to: NZEC's current and initial understanding and analysis of its projects and the development required for such projects; the costs of NZEC's projects; NZEC's general and administrative costs remaining constant; and the market acceptance of NZEC's business st...