Business
Silk Road Energy Announces Cease Trade Order Revocation
Calgary, Alberta--(Newsfile Corp. - October 1, 2021) - Silk Road Energy Inc. (TSXV: SLK.H) (" ...
About this update from Record Resources Inc
[{"type":"text","content":"Silk Road Energy Announces Cease Trade Order RevocationCalgary, Alberta--(Newsfile Corp. - October 1, 2021) - Silk Road Energy Inc. (TSXV: SLK.H) (\"Silk Road\" or the \"Company\") is pleased to announce that the Alberta and Ontario securities commissions (collectively, the \"Commissions\") have revoked their respective cease trade orders (collectively, the \"CTOs\") against the Company effective today. The Company will set strategic directions in the coming weeks and consider divesting its current assets or raising capital to pay for their decommissioning and to further other corporate objectives. The Company will also seek new opportunities in the oil and gas sectors and explore opportunities in the mining and exploration sectors including the acquisition of or joint venture in production and exploration concessions in these sectors. The Company is looking for potential asset acquisitions that will generate future positive cash flows.The Commissions had issued a dual order to cease trading in the securities of Silk Road, directly or indirectly, until further notice on February 1, 2019 which was partially revoked on October 24, 2019. Silk Road had failed to meet the filing deadlines for the Company's audited annual financial statements, annual management's discussion and analysis and certification of annual filings for the year ended September 30, 2018, as required by the securities laws of British Columbia, Alberta, and Ontario. The Company's common shares were cease traded by the Commissions or failure to file annual financial statements (the \"Financial Statements\"), management's discussion and analysis (the \"MD&A\"), and certifications of annual filings (the \"Certifications\") for the fiscal year ended September 30, 2018. The Financial Statements, the MD&A and the Certifications were filed by the Company effective November 30, 2020 along with the annual financial statements, management's discussion and analysis and certifications of annual filings for the fiscal year ended September 30, 2019. On May 19, 2021, the Company filed the annual financial statements, management's discussion and analysis and certifications of annual filings for the fiscal year ended September 30, 2020. On May 26, 2021, the Company filed three sets of interim financial statements for the periods ended June 30, 2020, March 31, 2020 and Dece...