Cerrado Gold Inc. Announces Delay in Filing Financial Statements and Applies for MCTO

Cerrado Gold Inc., a publicly traded company, disclosed a delay in submitting its required annual and interim financial statements, leading to a Cease Trade Order (CTO) imposed by the Ontario Securities Commission. Originally due by April 29, 2024, the annual reports have been delayed, with expected completion around May 31, 2024. Consequently, the anticipated filing for the first quarter of 2024 will also be delayed past its May 31 deadline.

The company has applied for a Management Cease Trade Order (MCTO), which, if granted, would restrict trading by company insiders while allowing public trading to continue. During this period, Cerrado Gold plans to comply with alternative information guidelines, issuing bi-weekly updates until the filings are complete.

No undisclosed material information or insolvency proceedings are currently affecting the company. Cerrado Gold has committed to keeping shareholders informed in accordance with regulatory expectations and timelines.