Latest news with #TradeOrders
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
27-05-2025
- Business
- Yahoo
CubicFarm Systems Corp. Provides Default Status Report
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - CubicFarm® Systems Corp. (TSXV: CUB) (OTC Pink: CUBXF) ("CubicFarms" or the "Company"), a leading local chain agricultural technology company, is providing this default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On May 1, 2025, the Company announced that it was unable to file its annual audited financial statements for the fiscal year ended December 31, 2024, and the related management's discussion and analysis and annual information form for the fiscal year ended December 31, 2024 (the "Required Filings") by the deadline of April 30, 2025. On May 1, 2025, the British Columbia Securities Commission, as principal regulator, granted a temporary management cease trade order (the "MCTO") to the Company until June 30, 2025. The Company intends to file the Required Filings as soon as practicable. Pursuant to NP 12-203, the Company is required to file bi-weekly default status reports by way of news releases for the duration of the MCTO. The Company confirms that there have been no material changes to the information contained since its May 1, 2025 news release, except that it has now been granted an extension by the British Columbia Securities Commission to file the required financial statements by June 30, 2025. The audit process is still ongoing. The Company confirms there have been no failures by it in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203, and there has not been, nor is there anticipated to be, any specified default subsequent to the default announced in the Company's news release of May 1, 2025. Lastly, there is no material information concerning the affairs of the Company that has not been generally disclosed. For more information please contact: Michael B. Kyne, CFAChief Financial Officer & Chief Investment OfficerCubicFarm Systems Corp. and HydroGreen 605-800-1539Email: For media inquiries, contact info@ For investor inquiries, contact investors@ To reach HydroGreen's Producer Education Team, contact HGInfo@ Forward looking and other cautionary statements This news release may contain "forward-looking statements" within the meaning of applicable securities laws, including statements related to the Company's governance, strategic direction, and future leadership plans. Forward-looking statements are based on expectations, assumptions, and estimates as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially. These statements are typically identified by words such as "anticipate," "expect," "intend," "may," "will," "could," "should," or similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company's expectations regarding future events, performance, or results change. About HydroGreenHydroGreen produces Automated Vertical Pastures™, a type of smart farming equipment that uses a unique process to sprout grains such as wheat and barley, in a controlled growing environment to efficiently produce a high-performance feed ingredient for livestock 365 days a year. HydroGreen's equipment is simple and easy to operate and performs all growing functions automatically, including seeding, watering, lighting, harvesting, and re-seeding, which allows livestock businesses to feed consistent nutrition every day with minimal labor. When balanced correctly in the ration, HydroGreen sprouted grain modifies animal digestion which enhances productivity and reduces the amount of enteric methane emitted in ruminant livestock. The result also enables environmental benefits to the farm while helping to meet increasing demand for valuable farm-based inset and offset carbon credits. For more information, please visit About CubicFarmsCubicFarms is a leading local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a subsidiary of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops on-site, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy. For more information, please visit TSX Venture Exchange DisclaimerNeither 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. NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES To view the source version of this press release, please visit Sign in to access your portfolio
