Latest news with #NationalInstrument52-109
Cision Canada
4 days ago
- Business
- Cision Canada
UBS Group AG Announces Prior Acquisition of Common Shares of KuuHubb Inc. as a Result of Account Maintenance Procedures
ZURICH, Switzerland, July 18, 2025 /CNW/ - UBS Switzerland AG acquired 7,855,000 common shares (the " Shares") of KuuHuub Inc. (" KuuHuub") on December 18, 2024 as a result of the relinquishment of the Shares from a single financial intermediary client. The Shares were acquired for no consideration as a result of a normal course write-off procedure whereby the account holder voluntarily renounced any and all claims to the Shares. As a result of this acquisition, UBS Switzerland AG is considered as exercising control or direction over an aggregate of 13,420,000 Shares, representing approximately 20.82% of KuuHuub's 64,458,043 issued and outstanding Shares based on the number of outstanding Shares reported by KuuHuub in its Management's Discussion and Analysis dated May 30, 2023. KuuHubb has been the subject of a cease-trade order (" CTO") since November 3, 2023 as a result of its failure to file audited annual financial statements for the year ended June 30, 2023 (the " 2023 Annual Audited Statements"), management's discussion and analysis relating to the 2023 Annual Audited Statements and certification of the foregoing filings as required by National Instrument 52-109 Certificate of Disclosure in Issuers' Annual and Interim Filings. As a result of the CTO, no person or company is permitted trade in or purchase a security of KuuHubb, except in accordance with the conditions that are contained in the CTO, if any, for so long as the CTO remains in effect. The Shares were acquired for no consideration as a result of normal-course account maintenance procedures of UBS and its affiliates and not as a result of any trading activity by UBS. UBS intends to continue to hold the Shares within the group until such time as they may be liquidated or disposed of in accordance with applicable law. UBS has no current or future intention to acquire any additional Shares of KuuHuub. This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR+ ( containing additional information with respect to the foregoing matters.
Business Upturn
05-07-2025
- Business
- Business Upturn
LNG Energy Group Informs Material Events
By GlobeNewswire Published on July 5, 2025, 05:11 IST TORONTO, July 04, 2025 (GLOBE NEWSWIRE) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: (OTCQB: LNGNF) (FWB: E26) (the 'Company' or 'LNG Energy Group') announces that the Failure-to-File Cease Trade Orders in Multiple Jurisdictions (FFTCO) continues and that the Company expects to file the Company's annual audited financial statements for the fiscal year ended December 31, 2024, the related management's discussion and analysis, and the CEO and CFO certificates relating to the audited annual financial statements as required by National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the 'Required Documents') for the fiscal year ended December 31, 2024, within the timeframe granted by the Ontario Securities Commission (the 'OSC'). Such filings will constitute the Company's application to have the FFCTO revoked. There can be no assurance that the FFCTO will be revoked on the timeline contemplated by the Company. As part of the strategic review process the Company announced on December 04, 2024, the Company has contemplated with its financial and legal advisors a number of alternatives including financings, corporate reorganization, strategic partnerships, acquisitions, assets spin-offs and/or farm-outs, sale, and other forms of business combination. As part of this process, the Company has decided to terminate the long-term Gas Sales Agreements in place, and it will evaluate natural gas marketing alternatives more in tune with its current sales volumes and present market conditions. Lenders under the Credit Agreement have notified the Company of an event of default under its Credit Agreement, and LNG Energy Group and the lenders are in conversations about the situation. The Company's Colombian branch applied for admittance into the Proceso de Recuperación Empresarial ('PRES') as regulated under the Colombia Law 2437 of 2024, for insolvency protection, which should result in operations optimization and renegotiation of obligations with suppliers and other parties. LNG Energy Group continues with its initiatives to stabilize natural gas production, optimize costs and enhance its liquidity position. We expect to announce soon the results of this comprehensive strategic review process. About LNG Energy Group The Company is focused on the acquisition and development of natural gas production and exploration assets in Latin America. For more information, please visit . For more information please contact: Angel Roa, Chief Financial Officer LNG Energy Group Corp. Website: Email: [email protected] Find us on social media: LinkedIn: Instagram: @lngenergygroup X: @LNGEnergyCorp CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This news release contains certain forward-looking information that reflect the current views and/or expectations of management of LNG Energy Group with respect to performance, business and future events. Forward-looking information can often be identified by words such as 'may', 'will', 'would', 'could', 'should', 'believes', 'estimates', 'projects', 'potential', 'expects', 'plans', 'intends', 'anticipates', 'targeted', 'continues', 'forecasts', 'designed', 'goal', or the negative of those words or other similar or comparable words. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which LNG Energy Group operates. 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 Documents. 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. LNG Energy Group does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. 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. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
08-05-2025
- Business
- Yahoo
Battery Mineral Resources Corp. Announces Annual Filings Status
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") announces that the Company has been issued a cease trade order ("CTO") by the British Columbia Securities Commission ("BCSC") for missing the filing deadline of April 30, 2025 for the following periodic disclosure documents (collectively "Annual Filings"): the audited annual financial statements for the year ended December 31, 2024; the management's discussion and analysis relating to the audited annual financial statements for the year ended December 31, 2024; and the certification of the foregoing filings as required by National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings. The company has been delayed in making the Annual Filings, in large part due to the additional analyses required in accounting for certain financing and other transactions which occurred in 2024, as well as certain tax adjustments. The company anticipates making the Annual Filings in the near-term and will provide a further update to shareholders once the Annual Filings have been made. At the time of filing, a news release will be issued indicating that the Annual Filings have been submitted. Upon filing the Annual Filings, the Company expects that the CTO will be revoked within one to two business days (in Canada), as is the customary practice. Despite the CTO, a beneficial security holder of the Company who is not, and was not at the date of the CTO, an insider or control person of the Company, may sell securities of the Company acquired before the date of the CTO if the following apply: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. Holders of the Company's securities are urged to consult with their own investment advisors or legal counsel about the implications of the CTO. The Company confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on November 29, 2024 of the Company's latest interim financial reports for the period ended September 30, 2024. About Battery Mineral Resources Corp. Battery Mineral Resources' mission is to build a mid-tier copper producer and has recently initiated mine and mill operations at the Punitaqui Mining Complex, a historic copper-gold-silver producer, in the Coquimbo region of Chile. The Company's portfolio also consists of two cobalt assets and one lithium asset located in North America and two graphite assets in South Korea. The Company is focused on providing shareholders accretive exposure to copper and the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favorable mining jurisdictions. Further information about BMR and its projects can be found on
