Business
Newlox Gold Announces Revocation of Cease Trade Order
Vancouver, British Columbia – March 24th, 2025 – TheNewswire - NEWLOX GOLD VENTUIRES CORP. (“Newlox” or the “Company”) is pleased to announce that it has receiv
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"Vancouver, British Columbia – March 24th, 2025 – TheNewswire - NEWLOX GOLD VENTUIRES CORP. (“Newlox” or the “Company”) is pleased to announce that it has received a revocation order to the failure to file cease trade order (the “FFCTO”) issued by the British Columbia Securities Commission (the “BCSC”) on August 2, 2024. The FFCTO related to the Company’s failure to file its annual audited financial statements for the year ended March 31, 2024, and accompanying management’s discussion and analysis within the prescribed period. Although the Company worked diligently during the review process with the auditor, the Company faced extensive delays during the review process as a result of delays in the auditor’s process and workload. Subsequently, on November 22, 2024, the Company filed its annual audited financial statements for the fiscal year ended March 31, 2023 and the subsequent quarterly financial statements for Periods Ended June 30, 2024 and 2023 and Periods Ended September 30, 2024 and 2023. As a result of the issuance of the FFCTO, the Company continued its primary business operations but was restricted from performing any acts in furtherance of a trade and the liquidity of the Company’s shareholders was temporarily curtailed. Following the revocation of the FFCTO by the British Columbia Securities Commission pursuant to National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, the Company plans to continue its primary business of precious metals production, technology development, and environmental remediation. About Newlox Newlox is a reporting issuer in the provinces of British Columbia, Alberta, and Ontario and listed on the CNSX (now CSE) on October 17, 2012. The Company is incorporated under the Business Corporations Act (British Columbia) and is an environmental remediation and precious metals recovery company pursuing business opportunities in Latin America with its shares listed on the Canadian Securities Exchange (“the CSE”) under the symbol LUX and is quoted in Germany on the Frankfurt stock exchange under the symbol NGO. The Company is its precious metals recovery operations in Costa Rica. The Company’s operations provide environmental services to local stakeholders while simultaneously recovering gold and silver. Newlox Gold’s is focused on providing modern and efficien...