Latest news with #NationalPolicy12-203
Hamilton Spectator
16 minutes ago
- Business
- Hamilton Spectator
A.I.S. Resources Granted Voluntary Management Cease Trade Order
VANCOUVER, British Columbia, July 30, 2025 (GLOBE NEWSWIRE) — A.I.S. Resources Limited ( TSXV: AIS, OTC- PINK: AISSF ) ('AIS' or the 'Company') announces that effective July 30, 2025 it has been granted a voluntary management cease trade order in accordance with National Policy 12-203 due to it not being able to file its annual financial statements and management's discussion and analysis ('MD&A') for the year ended March 31, 2025 on SEDAR within 120 days of its financial year-end. The management cease trade order has been granted by the Company's principal regulator, the British Columbia Securities Commission. The Company was not able to complete the year-end audit within the time periods required by National Instrument 51-102 due to insufficient funds to settle the outstanding audit fee. The Company expects to obtain a loan financing and settle the outstanding audit fee. As a significant part of the audit work has been completed, the Company expects the audit to be concluded soon after the outstanding fee is paid. As a result, the Company requires additional time to file its annual financial statements and MD&A for the financial year ended March 31, 2025. The Company expects to file its annual financial statements and MD&A for the year ended March 31, 2025 as soon as they are available, but in any event no later than September 29, 2025, and will issue a news release once they have been filed. The Company intends to satisfy the provisions of the alternative information guidelines of National Policy 12-203, by issuing bi-weekly default status reports, in the form of news releases, until the revocation of the management cease trade order. The Company is not subject to any insolvency proceedings. The management cease trade order will prohibit the chief executive officer and the chief financial officer of the Company from trading in securities of the Company for so long as the annual financial statements and MD&A are not filed. The issuance of the management cease trade order does not affect the ability of persons other than the chief executive officer and the chief financial officer of the Company to trade in the Company's securities. About A.I.S. Resources Limited A.I.S. Resources Limited is a publicly traded company listed on the TSX Venture Exchange. The Company focuses on natural resource opportunities, aiming to unlock value by acquiring early-stage projects and providing the necessary technical and financial support to develop them. AIS is guided by a seasoned team of engineers, geologists, and finance professionals with a proven track record of success in capital markets. On Behalf of A.I.S. Resources Limited Martyn Element Chairman Corporate Contact For further information, please contact: Martyn Element, Chairman of the Board T: +1-604-220-6266 E: melement@ Website: ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Hamilton Spectator
18-07-2025
- Business
- Hamilton Spectator
Rivalry Announces Revocation of Management Cease Trade Order
TORONTO, July 17, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the 'Company' or 'Rivalry') (TSXV: RVLY), an internationally regulated sports betting and media company, is pleased to announce that effective July 17, 2025, the Ontario Securities Commission has revoked the management cease trade order ('MCTO') it had previously granted to the Company on May 2, 2025 under National Policy 12-203 - Management Cease Trade Orders, as the Company successfully completed the filing of its (i) annual audited financial statements, management's discussion and analysis, and related certifications for the year ended December 31, 2024, and (ii) unaudited interim financial statements, management's discussion and analysis, and related certifications for the three months ended March 31, 2025 (collectively, the 'Annual and Interim Filings'). The revocation of the MCTO means members of management are no longer prevented from trading the Company's securities. All of the Annual and Interim Filings are available under the Company's profile on SEDAR+ at . About Rivalry Rivalry Corp. wholly owns and operates Rivalry Limited , a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 press release. Company Contact: Steven Salz, Co-founder & CEO ss@ Investor Contact: investors@ Cautionary Note Regarding Forward-Looking Information and Statements This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ('forward-looking statements'). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'anticipate', 'achieve', 'could', 'believe', 'plan', 'intend', 'objective', 'continuous', 'ongoing', 'estimate', 'outlook', 'expect', 'project' and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions 'may' or 'will' occur. These statements are only predictions. Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company's ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company's management's discussion and analysis for the 12 months ended December 31, 2024 under the heading 'Risk Factors', and other disclosure documents available on the Company's SEDAR+ profile at . No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
Toronto Star
18-07-2025
- Business
- Toronto Star
Rivalry Announces Revocation of Management Cease Trade Order
TORONTO, July 17, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the 'Company' or 'Rivalry') (TSXV: RVLY), an internationally regulated sports betting and media company, is pleased to announce that effective July 17, 2025, the Ontario Securities Commission has revoked the management cease trade order ('MCTO') it had previously granted to the Company on May 2, 2025 under National Policy 12-203 - Management Cease Trade Orders, as the Company successfully completed the filing of its (i) annual audited financial statements, management's discussion and analysis, and related certifications for the year ended December 31, 2024, and (ii) unaudited interim financial statements, management's discussion and analysis, and related certifications for the three months ended March 31, 2025 (collectively, the 'Annual and Interim Filings'). The revocation of the MCTO means members of management are no longer prevented from trading the Company's securities. All of the Annual and Interim Filings are available under the Company's profile on SEDAR+ at
Toronto Star
12-07-2025
- Business
- Toronto Star
Red White & Bloom Brands Provides Update on Status of Annual Filings
TORONTO, July 03, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) ('RWB' or the 'Company') provides the following update regarding the management cease trade order ('MCTO') issued by the British Columbia Securities Commission ('BCSC') on May 1, 2025, under National Policy 12-203 – Management Cease Trade Orders ('NP 12-203'). As previously disclosed, the Company's audited financial statements and related management's discussion and analysis ('MD&A') for the fiscal year ended December 31, 2024 (the 'Annual Filings'), as well as its interim filings for the period ended March 31, 2025 (the '2025-Q1 Filings'), were delayed beyond the prescribed deadlines under applicable Canadian securities laws.
Hamilton Spectator
08-07-2025
- Business
- Hamilton Spectator
AJA Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements
Not for dissemination in the United States of America VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) — Aja Health and Wellness Inc. ('Aja' or the 'Company') (TSXV:Aja) announces that it is getting closer to filing its annual audited financial statements for the financial year ending December 31, 2024, including the related management's discussion and analysis and certifications from the CEO and CFO (the 'Required Annual Filings'). On May 6, 2025, the Alberta Securities Commission (the 'ASC') issued a management cease trade order (the 'MCTO') because the Company was unable to file the Required Annual Filings in time to meet the April 30, 2025 filing deadline. Aja previously announced that the delay in filing the Required Annual Filings was due to the determination that the previously announced reverse takeover transaction, which closed on September 17, 2024, will be characterized as a series of acquisitions for accounting purposes. This characterization requires a valuation of the purchase price allocation to complete the audited financial statements for the financial year ending December 31, 2024. The Company has retained a valuator to complete the valuation and the valuation is in progress. The Company expects to file the Required Annual Filings on or before July 31, 2025. While the MCTO restricts all trading in securities of the Company by executive officers of the Company until the MCTO is no longer in effect, regular trading by current and future investors outside the Company continues as normal. The MCTO will be in effect until two full business days after the Required Annual Filings are filed. Until the Required Annual Filings are filed, the Company intends to satisfy the provisions of the Alternative Information Guidelines set out in National Policy 12-203 - Management Cease Trade Orders . Update on Filing of Interim Financial Statements As a result of the delay in filing the Required Annual Filings, Aja previously announced that it was unable to file its unaudited interim financial statements for the three months ended March 31, 2025, the management's discussion and analysis for the same period and management certifications of the interim filings (the 'Interim Filings') by the filing deadline of May 30, 2025. Aja is working to complete the Interim Filings as soon as possible and expects the Interim Filings to be filed on or before August 29, 2025. On behalf of the Board of Directors 'Sanjeev Parsad' Sanjeev Parsad President, CEO and Director The above may contain 'forward-looking information' within the meaning of applicable securities laws. When used in this address, the words 'estimate', 'project', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this information and the Company undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither 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. For further information, contact: Sanjeev Parsad, President and CEO Phone: (604) 678.9115 Fax: (604) 678.9279 E-mail: sparsad@ Web:
