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Xtra-Gold Resources Announces Possible Delay in Filing Year-End Reporting Documents
Toronto, Ontario--(Newsfile Corp. - March 17, 2023) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company") announces today that, d
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - March 17, 2023) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) (\"Xtra-Gold\" or the \"Company\") announces today that, due to a longer than expected review process with its auditors, it may not be in a position to file its annual filings for the year ended December 31, 2022, which includes its audited consolidated financial statements as at and for the year ended December 31, 2022, together with the auditor's report thereon and the notes thereto, its management's discussion and analysis for the year ended December 31, 2022 relating to the audited annual financial statements, and the CEO and CFO certificates relating to its annual filings (collectively, the \"Required Documents\"), before the required deadline of March 31, 2023. As a precaution, the Company has applied to the Ontario Securities Commission, as principal regulator for the Company, for the imposition of a management cease trade order (\"MCTO\") under National Policy 12-203 - Management Cease Trade Orders (\"NP 12-203\") throughout the duration of a possible default. There is no certainty that the MCTO will be granted if the Company is not able to meet the required filing deadline. The MCTO, if, as and when approved, will generally not affect the ability of persons who are not or have not been management of the Company to trade in its securities. The Company confirms that, in the event an MCTO is granted, it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements. The Company confirms other than its financial results for the year ended December 31, 2022, there is no other material information relating to its affairs that has not been generally disclosed. Other than as disclosed herein, the Company is up to date in its filing obligations. 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 Statements Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may ...