Inspiration Energy Status Update ON Management Cease Trade Order
INSPIRATION ENERGY STATUS UPDATE ON
MANAGEMENT CEASE TRADE ORDER
Vancouver, British Columbia, October 24, 2024 INSPIRATION ENERGY CORP. (the
“Company” or “Inspiration”) (CSE: ISP) is providing this bi-weekly update on the status of
its management cease trade order issued on August 29, 2024 (the “MCTO”), by its principal
regulator, the British Columbia Securities Commission (the “BCSC”), under National Policy 12-
203 Management Cease Trade Orders (“NP 12-203”). The Company announced on August 29,
2024 (the “Default Announcement”), that it expected to be unable to file its annual financial
statements, management’s discussion and analysis and related officer certifications for the
financial year ended April 30, 2024 (collectively, the “Annual Filings”) by the filing deadline
of August 29, 2024 (the “Filing Deadline”).
The Company further announces that the filing of its unaudited interim financial statements,
related management's discussion and analysis and CEO and CFO certifications for the three
months ended July 31, 2024 (the “Interim Filings”, and together with the Annual Filings, the
“Required Documents”), were delayed beyond the filing deadline of September 29, 2024 as a
result of the delay in completing the Annual Filings. The Company expects the Interim Filings
to be filed within five business days of the Annual Filings once completed. The MCTO will
remain in effect until two full business days following the receipt by the BCSC of all filings the
Company is required to make under British Columbia securities law, including the Required
Documents. The MCTO does not affect the ability of other shareholders, including the public, to
trade in securities of the Company.
The Company confirms that, other than as described above, there are no material changes to the
information contained in the Default Announcement. In addition, (i) the Company is satisfying
and confirms that it intends to continue to satisfy the provisions of the Alternative Information
Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the
form of news releases, for as long as the Company remains in default with its Required
Documents; (ii) the Company does not have any information at this time regarding any
anticipated specified default subsequent to the default in filing the Required Documents; (iii) the
Company confirms as of the date of this news release, that there is no insolvency proceeding
against it; and (iv) there is no other material information concerning the affairs of the Company
that has not been generally disclosed.
About Inspiration Energy Corp.
Inspiration Energy Corp. is engaged in the business of mineral exploration and the acquisition of
mineral property assets in Canada. Its objective is to locate and develop properties of merit and to
conduct exploration on the Company’s properties. For more information, please refer to the
Company's information available on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors
Charles Desjardins
CEO, President and Director
Phone: 604-808-3156
Email: [email protected]
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this news release.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements, which relate to
future events or future performance and reflect management’s current expectations and assumptions. Such forward -
looking statements reflect management’s curre nt beliefs and are based on assumptions made by and information
currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises
nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those
expected. These forward-looking statements are made as of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or
circumstances. All of the forward -looking statements made in this press release are qualified by these cautionary
statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.ca).