Euromax Announces Cease Trade Order
Euromax Announces Cease Trade Order
TSXV: EOX
www.euromaxresources.com
VANCOUVER, BC
,
April 9, 2024
/CNW/ -
Euromax Resources Ltd.
(TSXV: EOX): ("
Euromax
" or the
"
Company
"), announces that, further to the news release dated
April 8, 2024
, the Ontario Securities
Commission (the "
OSC
") has notified the Company that it has issued a cease trade order ("
FFCTO
") under
Multilateral Instrument 11-103 –
Failure-to-File Cease Trade Orders in Multiple Jurisdictions
against the
Company. The FFCTO was issued as a result of the Company's delay in filing its audited annual financial
statements, accompanying management discussion and analysis, and CEO and CFO certifications for the
financial year ended December 31, 2023 (the "
Annual Filings
") in accordance with applicable Canadian
securities laws.
The FFTCO prohibits any trading, whether direct or indirect, in respect of each security of the Company in
each jurisdiction in
Canada
until such time as the Company is able to complete the filing of the Annual
Filings and successfully apply for a revocation of the FFCTO. If the Annual Filings are made within 90
days of the date of the FFCTO, such filings will constitute the Company's application to have the FFCTO
revoked. There can be no assurance that the FFCTO will be revoked on the timeline contemplated by the
Company.
Euromax continues to make every effort to submit the Annual Filings in a timely fashion and expects to be
in a position to file the Annual Filings by no later than
April 30, 2024
. The Company will continue to engage
with the OSC as necessary during this time. The Company will provide further updates in due course and
will issue a news release once the Annual Filings have been filed.
About Euromax Resources Ltd.
Euromax has a major development project in
North Macedonia
and is focused on building and operating
the Ilovica-Shtuka gold-copper project.
Forward-Looking Information
This news release contains statements that are forward-looking, such as those relating to the Company's
potential responses to the Annual Filings delay, potential results of the Annual Filings delay, and the
expected timing for filing of the Annual Filings. Forward-looking statements are frequently characterised by
words such as "plan",
"expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events
or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates
of management at the dates the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those
projected in the forward-looking statements. This information is qualified in its entirety
by cautionary statements and risk factor disclosure contained in filings made by the Company, including its
annual information form for the year ended
December 31, 2022
and financial statements and related
MD&A for the financial years ended
December 31, 2022
and 2021, and the unaudited condensed
consolidated interim financial statements for the three and nine months ended
September 30, 2023
and
2022 along with the accompanying MD&A, filed with the securities regulatory authorities in certain
provinces of
Canada
and available on SEDAR+ at
sedarplus.ca
. The forward-looking statements contained
in this document are as of the date of this document, and are subject to change after this date. Readers
are cautioned that the assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements. Euromax disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future events or otherwise, unless
required by applicable law.
Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the
adequacy or accuracy of this news release.
SOURCE
Euromax Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/April2024/09/c4399.html
%SEDAR: 00009131E
For further information:
please visit www.euromaxresources.com or contact:
Tim Morgan-Wynne,
Executive Chairman, +44 20 3918 5160, [email protected]
CO: Euromax Resources Ltd.
CNW 07:55e 09-APR-24