Default Status Report
Suite 920 – 1112 WEST PENDER STREET
VANCOUVER, BC, V6E 2S1
June 17, 2024 NEWS RELEASE TSXV: SDCU
SONORAN DESERT COPPER CORPORATION
DEFAULT STATUS REPORT
Vancouver, B.C.: Sonoran Desert Copper Corporation (“SDCU” or the “Company”) (TSXV: SDCU) (NEWSFILE) has been
delayed in filing its audited annual financial statements (the “Statements”) for its financial year ended December 31,
2023, and the related Management’s Discussion and Analysis and Certifications by the Chief Executive Officer and Chief
Financial Officer (collectively the “Required Filings”). Under National Instrument 51-102 (“NI 51-102”) of the Canadian
Securities Administrators, the required Filings should have been made not later than April 29, 2024.
The Issuer therefore applied to the British Columbia Securities Commission (the “Principal Regulator”), the Alberta
Securities Commission, and the Autorite des marches financiers (Quebec) pursuant to Part 4 of the National Policy
12-203 (“NP 12-203”) for a Management Cease Trade Order (“MCTO”) as an alternative to a general Cease Trade
Order (“CTO”) in connection with the Default of the Required Filings. The MCTO was granted May 2, 2024 (full
details of the MCTO are under the Company’s SEDAR+ profile at www.sedarplus.ca) and it will remain in effect
until the Default is remedied. The issuance of a MCTO generally does not affect the ability of persons who have
not been directors, officers, or insiders of the Company to trade in their securities.
The Company has engaged an auditor to remedy the Default. The auditors have commenced work on the
Company’s annual financial statements and accompanying MD&A and it is anticipated that the Audited Annual
Financial Statements with accompanying MD&A and Officer Certificates as at and for the year ended December
31, 2023 will be filed on SEDAR+ by June 28, 2024.
The Company confirms that 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
filing requirements described above.
The Company has not taken any steps towards any insolvency proceeding and the Company confirms that there
is no material information relating to its affairs that has not been generally disclosed.
The MCTO prohibits trading in securities of the Company, whether direct or indirect, by:
(a) the Company’s Chief executive Officer
(b) the Company’s Chief Financial Officer
(c) the members of the board of directors of the Company or other persons or companies who had, or may have
had, access directly or indirectly to any material fact or material change with respect to the Company that
has not been generally disclosed.
Should the Company fail to make its required Filings on or before June 28, 2024, the Principal regulator can impose
a cease trade order that all trading in securities of the Company cease for such period of time as the Principal
Regulator may deem appropriate.
Suite 920 – 1112 WEST PENDER STREET
VANCOUVER, BC, V6E 2S1
ABOUT SONORAN DESERT COPPER CORPORATION
Sonoran Desert Copper Corporation is focused on securing, developing and monetizing assets in the
copper sector to build shareholder value.
On behalf of the Board of Directors of
SONORAN DESERT COPPER CORPORATION
"Brian Leeners"
Brian Leeners, CEO & Director
[email protected] / +1 604-862-4184 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains "forward-looking statements" within the meaning of applicable
securities legislation. Forward-looking statements relate to information that is based on assumptions of
management, forecasts of future results, and estimates of amounts not yet determinable. Any statements
that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events
or performance are not statements of historical fact and may be "forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.