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Silver X Announces Late Filing of Year End Financial Statements and Management Cease Trade Order
VANCOUVER, BC / ACCESSWIRE / May 4, 2022 / SILVER X MINING CORP. (TSXV:AGX) (OTCQB:AGXPF) ...
About this update from Silver X Mining Corp
[{"type":"text","content":"Silver X Announces Late Filing of Year End Financial Statements and Management Cease Trade OrderVANCOUVER, BC / ACCESSWIRE / May 4, 2022 / SILVER X MINING CORP. (TSXV:AGX) (OTCQB:AGXPF) (\"Silver X\" or the \"Company\") announces that it was not in a position to file its audited annual financial statements, management's discussion and analysis and related certifications (the \"Issuer Statements\"), for the financial year ended December 31, 2021 on or before the filing deadline of May 2, 2022, as a result of delays resulting from COVID-19 among the Issuer's accounting staff and resulting delays with obtaining all the necessary documents for the Company`s auditors to complete their work in respect of the audit of the Issuer Statements.Upon application by the Company, the British Columbia Securities Commission (\"BCSC\") today has issued a management cease trade order under the provisions of National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults (\"NP 12-203\") so as to permit the continued trading in the Company's common shares by persons other than insiders and employees of the Company. The Company's finance and accounting teams are working diligently with its auditors, and the Company expects to have the audit of the Issuer Statements completed, and the Issuer Statements filed, no later than May 30, 2022.The Company confirms that it intends to satisfy the provisions of NP 12-203 and issue bi-weekly default status reports for so long as the Company remains in default of the financial statement filing requirement, containing any material changes to the information in this release, all actions taken by the Company to remedy the default, particulars of any failure by the Company to fulfill these provisions, any subsequent defaults of the Company requiring a default announcement and any other material information concerning the affairs of the Company not previously disclosed. The Company is not subject to any insolvency proceedings nor is there in other material information concerning the affairs of the Company that has not been generally disclosed.On behalf of the Board of Directorsof Silver X Mining Corp.Jose M. Garcia JimenezChief Executive OfficerFor further information, please contact:+ 1 604 358 [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that te...