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Nickel 28 Announces Receipt of Management Cease Trade Order in Response to Voluntary Application
Toronto, Ontario--(Newsfile Corp. - June 3, 2024) - Nickel 28 Capital Corp. ( TSXV: NKL ) ( FSE...
About this update from Nickel 28 Capital Corp
[{"type":"text","content":"Nickel 28 Announces Receipt of Management Cease Trade Order in Response to Voluntary ApplicationToronto, Ontario--(Newsfile Corp. - June 3, 2024) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) (\"Nickel 28\" or the \"Company\")  is pleased to announce that, further to its news release dated May 16, 2024, the Ontario Securities Commission, as principal regulator, has granted the Company a management cease trade order (\"MCTO\") in response to the Company's voluntary application in respect of its delay in filing its audited annual financial statements, management's discussion and analysis, and related certifications, all for the year ended January 31, 2024 (collectively, the \"Annual Filings\").\"We are pleased to announce receipt of the MCTO from the Ontario Securities Commission in response to Nickel 28's voluntary application,\" noted Christopher Wallace, Interim Chief Executive Officer of the Company. \"This MCTO provides the Company with the additional time required to do the work necessary for preparation and completion of the Annual Filings necessitated by the recently announced changes in management, and we continue to anticipate that we will be a position to remedy the default by filing the Required Filings on or before June 30, 2024.\" The MCTO prohibits the Chief Executive Officer, Chief Financial Officer and former Chief Executive Officer of the Company from trading in the securities of the Company for so long as the Annual filings are not filed. During this period, the Company has also undertaken not to, directly or indirectly, issue or acquire securities from an insider or employee of the Company.The MCTO does not affect the ability of shareholders who are not insiders of the Company to trade their securities of the Company.The Company will issue a news release announcing completion of filing of the Annual Filings at such time as they are completed and filed. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults, including issuing bi- weekly default status reports by way of news releases, which will be filed on SEDAR+.About Nickel 28Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class...