First Uranium Announces Delay in Filing Annual Financial Statements
FIRST URANIUM RESOURCES LTD.
1500 – 1055 West Georgia Street Vancouver, British Columbia V6E 4N7
FIRST URANIUM ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS
Vancouver, B.C., October 31, 2022 – First Uranium Resources (“First Uranium” or the “Company”) (CSE: URNM, OTCQB: KMMIF) announces that the filing of its audited annual financial statements for the year ended June 30, 2022, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the “Annual Financial Filings”) were not filed by the required filing deadline of October 28, 2022 (the “Filing Deadline”). The Annual Financial Filings are late due to unforeseen delays in the completion of the Company’s audit. The unforeseen delays are related to the fact that the Company has recently acquired 100% of the issued and outstanding shares of Southwind Corporation which is causing a delay in the Company’s audit.
The Company’s staff are working diligently with its auditors and the Company anticipates that it will be in a position to file the Annual Financial Filings by November 23, 2022.
The Company has voluntarily applied to the applicable securities regulatory authorities and received a management cease trade order related to the Company’s securities to be imposed the management of the Company to trade securities of the Company. The management cease trade order will be in effect until the Annual Financial Filings are filed. All other securityholders will still be able to trade in the securities of the Company in accordance with applicable securities laws.
Until the Annual Financial Filings are filed, the Company intends to provide information in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.
On Behalf of the Company
Robert Dubeau
Chief Executive Officer.
For further information, please contact the Company at 604-687-7130 or by email at:
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.