Business
Xtra-Gold Announces Revocation of Cease Trade Order and Set to Resume Trading
Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Xtra-Gold Resources Corp. (TSX: XTG) ...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"Xtra-Gold Announces Revocation of Cease Trade Order and Set to Resume TradingToronto, Ontario--(Newsfile Corp. - April 11, 2025) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) (\"Xtra-Gold\" or the \"Company\") announces that the Ontario Securities Commission (the \"OSC\") has revoked a Failure-to-File Cease Trade Order (the \"FFCTO\") that had been issued by the OSC against the Company on April 4, 2025.The FFCTO was originally issued on the basis that the Company had not filed its 2024 annual filings in accordance with the filing deadlines contained in National Instrument 51-102 Continuous Disclosure Obligations.Following a review of submissions made by the Company, the OSC has determined that Company is an SEC Foreign Issuer as defined in National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers (\"NI 71-102\"). Under NI 71-102, the Company satisfies its continuous disclosure obligations in Canada, including filing deadlines, by complying with U.S. federal securities laws. As a result, the Company has a filing deadline of April 30, 2025 for its 2024 annual filings. The Company does not anticipate any delays in filing its SEC Form 20-F on time.It is expected that the shares of the Company will resume trading on TSX shortly after the issuance of this news release.About Xtra-Gold Resources Corp.Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt, in Ghana West Africa.Forward-Looking StatementsNeither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. No other stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain \"forward-looking statements\" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as \"believes\", \"anticipates\", \"expects\", \"estimates\", \"may\", \"could\", \"would\", \"will\", or \"plan\". Since forward-looking...