Business
Rain City Resources Application for Management Cease Trade Order Submitted to Alberta Securities Commission Under Review
Calgary, Alberta--(Newsfile Corp. - January 27, 2026) - Rain City Resources Inc. (CSE: RAIN) ("RAIN" or "the Company") has applied for a Management Cease Trade Order (the "MCTO") in connection with the delay in filing its audited annual financial statements, the related management's discussion and analysis and CEO and CFO certifications for the financial year ended September 30, 2025 (collectively, the "Required Filings"). RAIN was obligated to file the Required Filings on or before January 28,.
About this update from Rain City Resources, Inc.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - January 27, 2026) - Rain City Resources Inc. (CSE: RAIN) ("RAIN" or "the Company") has applied for a Management Cease Trade Order (the "MCTO") in connection with the delay in filing its audited annual financial statements, the related management's discussion and analysis and CEO and CFO certifications for the financial year ended September 30, 2025 (collectively, the "Required Filings"). RAIN was obligated to file the Required Filings on or before January 28, 2026 (the "Filing Deadline") in accordance with applicable securities laws.","length":639,"tagName":"p"},{"type":"text","content":"The Company has been unable to meet the Filing Deadline due to a delay in timely receipt of third-party information required to conclude its audit and a working capital shortfall, both of which have delayed the completion of the audit process necessary for the Required Filings ("Default").","length":300,"tagName":"p"},{"type":"text","content":"The Company is working expeditiously to remedy the reasons for the Default and has consequently made an application to the Alberta Securities Commission (ASC) under National Policy 12-203 Management Cease Trade Orders. The submitted application has not yet been approved and remains under review by the ASC. The Company hopes to receive a Management Cease Trade Order (the "MCTO") in respect of the late filing.","length":421,"tagName":"p"},{"type":"text","content":"The Company is actively pursuing the collection of additional third-party audit support requested to conclude its audit, as well as additional financing (the "Financing") and anticipates securing the funds within the next thirty (30) days. Proceeds from the Financing are expected to be used for general working capital purposes, including payment of audit-related fees. The Company expects to be able to submit both its audited annual financial statements, the related management's discussion and analysis and CEO and CFO certifications for the financial year ended September 30, 2025 as well as its interim financial statements, the related management's discussion and analysis and CEO and CFO certifications for the three-months ended December 31, 2025 no later than March 30, 2026.","length":803,"tagName":"p"},{"type":"...