Business
Sankamap Provides an Update on Status of Late Filing of Financial Statements
Edmonton, Alberta--(Newsfile Corp. - December 30, 2025) - Sankamap Metals Inc. (CSE: SCU) ("Sankamap" or the "Company") the Company and its auditor continue to work diligently toward the completion and filing of the Company's annual audited financial statements and management's discussion and analysis for the fiscal year ended June 30, 2025 (the "Required Filings"). The Company has applied to the Alberta Securities Commission for an extension of the Management Cease Trade Order ("MCTO"),...
About this update from Sankamap Metals Inc
[{"type":"text","content":"Edmonton, Alberta--(Newsfile Corp. - December 30, 2025) - Sankamap Metals Inc. (CSE: SCU) ("Sankamap" or the "Company") the Company and its auditor continue to work diligently toward the completion and filing of the Company's annual audited financial statements and management's discussion and analysis for the fiscal year ended June 30, 2025 (the "Required Filings"). The Company has applied to the Alberta Securities Commission for an extension of the Management Cease Trade Order ("MCTO"), however, there can be no assurance that a further extension will be granted. The additional delay in completing the Required Filings is primarily due to the auditor awaiting the receipt of certain required information from government authorities in Solomon Islands, as well as timing constraints associated with the holiday period. The Company estimates that approximately 90% of the audit work has been completed.","length":955,"tagName":"p"},{"type":"text","content":"The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order ("MCTO") under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.","length":786,"tagName":"p"},{"type":"text","content":"The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.","length":166,"tagName":"p"},{"type":"text","content":"The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards ...