Peruvian Metals Provides Status Update on Annual and Interim Financial Statements
Peruvian Metals Provides Status Update on
Annual and Interim Financial Statements
Edmonton, Alberta--(Newsfile Corp. - August 29, 2024) -
Peruvian Metals Corp. (TSXV: PER)
(OTCQB: DUVNF)
("
Peruvian Metals
" or the "
Company
"), a Canadian exploration and mineral
processing company with operations in Peru, is providing an update in accordance with National Policy
12-203 - Management Cease Trade Orders ("
NP 12-203
").
On July 22, 2024, the Company announced that it applied for a management cease trade order
("
MCTO
") with the Alberta Securities Commission ("
ASC
") in connection with the delay in filing of its
audited annual financial statements for the year ended March 31, 2024, related management discussion
and analysis and CEO and CFO certificates (collectively, the "
Required Documents
") by the
prescribed filing deadline (the "
Original Announcement
"). At that time, based on information then-
available, the Company expected to file the Required Documents by August 16, 2024. The MCTO was
issued on July 30, 2024 and restricts its Chief Executive Officer and Chief Financial Officer from trading
in securities of the Company, whether direct or indirect, until two full business days following the receipt
by the ASC of all filings the Company is required to make under Alberta 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. On August 7, 2024, in its first bi-weekly status update, the
Company announced that it expected to file the Required Documents by August 30, 2024. On August 19,
2024, the Company announced that it continued to expect to file the Required Documents by August 30,
2024.
As of today's date, the Company is announcing that it now expects to file the Required Documents by
September 6, 2024. In addition, the Company's interim financial report, related management discussion
and analysis and certificates of the Chief Executive Officer and Chief Financial Officer for the first quarter
of 2024 ended June 30, 2024 (the "
Q1 Interim Report
") which was required to be filed by today's date,
is now expected to be filed by September 6, 2024. The Company will file the Q1 Interim Report in
conjunction with, and immediately following, the filing of the Required Documents.
The Company confirms that since the date of the Original Announcement: (i) other than as described
above and in its first and second bi-weekly status updates, there has been no material change to the
information set out in the Original Announcement that has not been generally disclosed; (ii) there has
been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of
the alternative information guidelines set out in NP 12-203; (iii) other than the failure to file the Q1 Interim
Report, there has not been any other specified default by the Company under NP 12-203; and (iv) there
is no other material information concerning the affairs of the Company that has not been generally
disclosed.
The Company confirms it will continue to satisfy the provisions of the alternative information guidelines
set out in NP 12-203 so long as it remains in default of the requirement to file the Required Documents
and the Q1 Interim Report.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business
model is to provide toll milling services for clients and to produce high grade sulphide concentrates from
mineral purchases. The Company continues to acquire and develop precious and base metal properties
in Peru.
For further information about Peruvian Metals Corp. please visit
www.peruvianmetals.com
.
Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange : Symbol "PER" , and the OTCQB Venture Market: Symbol "DUVNF".
For additional information, contact:
Jeffrey Reeder Tel: (647) 302-3290
Website:
www.peruvianmetals.com
Email:
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 release.
Forward-Looking Information:
Certain statements made in this press release may constitute "forward-looking information", "future
oriented financial information" or "financial outlooks" (collectively, "
forward-looking information
")
within the meaning of applicable securities laws. The forward-looking information are often, but not
always, identified using words such as "seek", "anticipate", "plan", "estimate", "expect", "intend" and
statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and
other similar expressions. Forward-looking information involves known and unknown risks, uncertainties
and other factors that may cause actual results to differ materially from those expressed or implied in the
forward-looking information, readers should not place undue reliance on such information. The risks and
uncertainties include, but are not limited to, the anticipating timing of filing the Required Filings and the
Interim Report. Forward-looking information is current as of the date it is made and is based on
reasonable estimates and assumptions made by us at the relevant time in light of our experience and
perception of historical trends, current conditions and expected future developments, as well as other
factors that we believe are appropriate and reasonable in the circumstances.
To the extent any forward-looking information in this press release constitutes "future oriented financial
information" or "financial outlooks", within the meaning of applicable securities laws, the purpose of such
information being provided is to demonstrate the potential of the Company and readers are cautioned
that this information may not be appropriate for any other purpose. However, we do not undertake to
update any such forward-looking information whether as a result of new information, future events or
otherwise, except as required under applicable securities laws in Canada.
There can be no assurance that such estimates and assumptions will prove to be correct. Many factors
could cause our actual results, level of activity, performance or achievements or future events or
developments to differ materially from those expressed or implied by the forward-looking information,
including but not limited to the factors described in the public documents of the Company available under
its profile on SEDARPLUS at
www.SEDARPLUS.ca
.
The Company cautions that these factors are not
intended to represent a complete list of the factors that could affect the Company; however, these factors
should be considered carefully. Readers are urged to consider the risks, uncertainties and assumptions
carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on
such information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/221590