Founders Metals Inc. Files Annual Audited Financial Statements for Revocation of MCTO
Founders Metals Inc. Files Annual Audited
Financial Statements for Revocation of MCTO
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2022) - Founders Metals Inc. (TSXV: FDR)
("Founders" or the "Company") is pleased to confirm that further to its news releases dated January 13,
2022 and December 30, 2021, it completed yesterday the filing of its audited annual financial
statements, accompanying management discussion and analysis and related CEO and CFO
certifications for the year ended August 31, 2021 (the "Annual Filings") under its profile on SEDAR at
www.sedar.com
. As a consequence, it expects the Company's management cease trade order in
respect of the delayed Annual Filings (the "MCTO") to be revoked by securities regulators in accordance
with
National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults
after the end of
the trading day later today.
About Founders Metals Inc.
Founders Metals Inc. is a Canadian exploration company focused on advancing the resource potential of
the Elmtree Gold Project in northeastern New Brunswick. The road-accessible project consists of three
expansion-ready gold deposits and numerous additional exploration targets. Founders is a member of
the Metals Group of companies, an award-winning team of professionals who prioritize technical
excellence, careful project selection, and uncompromising corporate governance. The team has a
recognized ability to capitalize on investment opportunities and deliver shareholder returns.
For further information, please contact:
Nick Stajduhar, Director
Telephone: +1 (780) 701-3216
Email:
FORWARD-LOOKING INFORMATION
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of the word, "will" and similar
expressions and statements relating to matters that are not historical facts are intended to identify
forward-looking information and are based on the Company's current belief or assumptions as to the
outcome and timing of such future events. Actual future results may differ materially. In particular, this
news release contains forward-looking information relating to the anticipated date for filing the annual
financial statements for the year ended August 31, 2021 and related management's discussion and
analysis.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those assumptions and factors are based on
information currently available to the Company. The Company cautions the reader that the above list of
risk factors is not exhaustive. Those assumptions and factors are based on information currently
available to the Company. The forward-looking information contained in this release is made as of the
date hereof and the Company is not obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as required by applicable
securities laws, or as otherwise may be disclosed in this news release. Because of the risks,
uncertainties and assumptions contained herein, investors should not place undue reliance on forward-
looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
releas
e.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any
failure to comply with this restriction may constitute a violation of U.S. securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/112010