sur Azarga Metals Corp. (CVE:AZR)
Azarga Metals Granted Management Cease Trade Order by BCSC
Azarga Metals Corp. announced that the British Columbia Securities Commission (BCSC) authorized a management cease trade order (MCTO) for the company. This decision follows Azarga's default in filing its audited annual financial statements for the period ending September 30, 2024, by the deadline of January 28, 2025.
The MCTO limits trading by the company's CEO, CFO, and certain insiders but allows public trading to continue. The order serves as an alternative to a full cease trade order by the BCSC. The delay in filing financial documents is attributed to unforeseen delays in securing necessary financial resources for the audit.
Azarga Metals plans to submit the required records by March 31, 2025, and will provide bi-weekly updates. These steps aim to meet the alternative information guidelines under NP 12-203.
R. E.
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