Business
Universal Ibogaine Provides Bi-weekly Status Report on Year-end Filings and update on Belize Property Sale
(TheNewswire) Calgary, AB – January 13, 2025 – TheNewswire - Universa...
About this update from Universal Ibogaine Inc
[{"type":"text","content":"Universal Ibogaine Provides Bi-weekly Status Report on Year-end Filings and update on Belize Property Sale\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Calgary, AB – January 13, 2025 –\n \n\n TheNewswire -\n \n\n Universal Ibogaine Inc.\n(\n \n\n TSXV:IBO\n \n\n ) (“\n \n\n UI\n \n\n ” or the “\n \n\n Company\n \n\n ”), a life sciences company with a\nmission to deliver medicalized ibogaine-centered addiction care,\nprovides the following\n \n\n bi-weekly\n \n\n default\n \n\n status\n \n\n report\n \n\n update:\n \n\n\n\n Management Cease Trade Order\n(“MCTO”)\n \n\n\n Further to the Company’s prior news releases (dated November 18,\nNovember 26, December 11 and December 27, 2024), t\n \n he\nCompany is\n \n\n providing\n \n\n this\n \n\n bi-weekly\n \n\n default\n \n\n status\n \n\n report\n \n\n (the “\n \n\n Default\nStatus Report\n \n\n ”)\n \n\n in\n \n\n accordance\n \n\n with\n \n\n National\n \n\n Policy\n \n\n 12‑203\n \n\n Management\n \n\n Cease\n \n\n Trade\n \n\n Orders\n \n\n (“\n \n\n NP\n \n\n 12-203\n \n\n ”).\n \n\n\n\n On\n \n\n November 18,\n \n\n 2024,\n \n\n UI\n \n\n announced\n \n\n that\n \n\n it\nwould\n \n delay the filing of its annual audited financial\nstatements for the year ended July 31, 2024, its related management's\ndiscussion and analysis (“\n \n MD&A\n \n ”), and the Chief Executive Officer and Chief\nFinancial Officer certifications (collectively, the \"\n \n Required Filings\n \n \") past the\nprescribed deadline of November 28, 2024.\n \n\n The Company was granted a\n \n management cease trade order\n(\"\n \n\n MCTO\n \n\n \")\n \n by\n \n the Alberta Securities\nCommission, its principal regulator, on November 29, 2024 and UI is\nrequired to\n \n\n file\n \n\n bi-weekly\n \n\n default\n \n\n status\n \n\n reports\n \n\n in\n \n\n the\n \n\n form\n \n\n of\n \n a\n \n news\n \n\n release\n \n\n during\n \n\n the\n \n\n period\n \n\n of\n \n\n the\n \n\n MCTO.\n \n\n Failure\n \n\n to\n \n\n file\n \n\n the\n \n\n Required Filings or\n \n\n the bi-weekly\n \n\n default\n \n\n status\n \n\n reports\n \n\n will\n \n\n result\n \n\n in\n \n\n the\n \n\n issuance\n \n\n of\n \n a\n \n general\n \n\n cease\n \n\n trade\n...