Business
Walker Lane Resources Announces Management Cease Trade Order Application
VANCOUVER, BC, Jan. 30, 2026 /CNW/ - Walker Lane Resources Ltd. (TSXV: WLR) (Frankfurt: 6YL) (the "Company") announces that it has made an application to the Br
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":" VANCOUVER, BC, Jan. 30, 2026 /CNW/ - Walker Lane Resources Ltd. (TSXV: WLR) (Frankfurt: 6YL) (the \"Company\") announces that it has made an application to the British Columbia Securities Commission to approve a temporary management case trade order (\"MCTO\") under National Policy 12-203 Management Cease Trade Orders (\"NP 12-203\"). The MCTO, if made, will prohibit trading in securities of the Company by the directors and officers of the Company until such time as the Required Filings (defined below) and all continuous disclosure requirements have been filed by the Company and the MCTO has been lifted. The Company is unable to file its audited financial statements for the year ended September 30, 2025, and the related management's discussion and analysis and Form 52-109FV1 CEO and CFO certifications of annual filings for this period (collectively, the \"Required Filings\") before the January 28, 2026 filing deadline (the \"Filing Deadline\"). The Company has submitted its application for an MCTO which has been approved. While the MCTO is in effect, the general investing public will continue to be able to trade freely in the Company's listed shares. However, the MCTO will prohibit the Company's chief executive officer/president and interim chief financial officer from trading securities of the Company for so long as the Required Filings are not filed. If granted, the MCTO will be in effect until the Required Filings are filed. The Company's anticipated failure to file the Required Filings by the Filing Deadline is due to the company strategically delaying a financing until it was properly positioned to do so. All issues have been resolved and the Company now intends to implement a financing in the very near future. This implementation plan will ultimately also result in resolving the preparation of audited financial statements for 2025. Unfortunately the additional time required to complete such things as the recent filing of an MRE for the Silver Hart Project and other activities delayed the financing and ultimately impacted the scheduled completion of the audit beyond the Filing Deadline. The Company anticipates that it will be in a position to file the Required Filings on or before March 30, 2026. The Company confirms that there is no other material information relating to its affairs that has not been generally d...