Gander Gold Announces Cease Trade Order

Rhea-AI Summary

Gander Gold (CSE:GAND / OTCQB:GANDF) announced on November 5, 2025 that the British Columbia Securities Commission issued a Failure‑to‑File Cease Trade Order (FFCTO) dated November 3, 2025.

The FFCTO resulted from the company's failure to file the annual audited financial statements, annual MD&A, and certification of annual filings for the fiscal year ended June 30, 2025. Trading in Gander securities is prohibited in Canadian jurisdictions that adopted Multilateral Instrument 11‑103 until the FFCTO is revoked or varied.

The company disclosed it currently lacks the financial resources to complete the audit and related disclosure and that management is assessing strategic alternatives and potential capital sources with no assurance on timing or outcome.

Positive

• Management assessing strategic alternatives and capital sources

Negative

• FFCTO dated Nov 3, 2025; trading prohibited in MI 11-103 jurisdictions
• Company lacks funds to complete audit and continuous disclosure filings

VANCOUVER, BC / ACCESS Newswire / November 5, 2025 / Gander Gold Corporation ("Gander" or the "Company") (CSE:GAND)(OTCQB:GANDF), announces that the British Columbia Securities Commission ("BCSC") has issued a Failure-to-File Cease Trade Order ("FFCTO") dated November 3, 2025, pursuant to Multilateral Instrument 11-103 - Failure-to-File Cease Trade Orders in Multiple Jurisdictions .

The FFCTO was issued as a result of the Company's failure to file the following periodic disclosure documents for the financial year ended June 30, 2025:

1. Annual audited financial statements;

2. Annual management's discussion and analysis ("MD&A"); and

3. Certification of annual filings.

As a result, trading in the securities of Gander is prohibited in each jurisdiction of Canada that has adopted Multilateral Instrument 11-103, until such time as the FFCTO is revoked or varied in accordance with applicable securities laws.

The Company currently lacks the financial resources necessary to complete its audit and related continuous disclosure obligations. Management continues to assess strategic alternatives and potential sources of capital but can provide no assurance as to the timing or outcome of any such efforts.

About Gander Gold Corp.

Gander Gold Corporation is a Canadian junior exploration company focused on gold exploration in Newfoundland and Labrador. The Company's portfolio includes multiple district-scale projects across the island of Newfoundland.

Contact Info:

Mark Scott
Chief Executive Officer & Director
info@gandergold.com

Caution Regarding Forward Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including but not limited to statements regarding the Company's financial condition, potential funding efforts, strategic options, and the possible revocation of the cease trade order.

Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks include, but are not limited to, the Company's ability to secure financing, dependence on regulatory and third-party approvals, loss of key personnel, general economic conditions, commodity price fluctuations, and the risk that the Company may be unable to maintain its reporting issuer status or corporate existence.

The Company cautions readers that there can be no assurance that it will obtain additional financing, complete its required filings, or have the FFCTO revoked. Forward-looking information speaks only as of the date of this release, and the Company assumes no obligation to update or revise it except as required by applicable law.

Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with applicable securities regulatory authorities and may be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Gander Gold Corp.

View the original press release on ACCESS Newswire

FAQ

What did Gander Gold (GANDF) announce on November 5, 2025?

The company announced a FFCTO dated November 3, 2025 for failure to file 2025 annual financials, MD&A, and certifications.

Why was the Failure‑to‑File Cease Trade Order issued for GANDF?

Because Gander failed to file its annual audited financial statements, annual MD&A, and certification for year ended June 30, 2025.

Is trading in Gander Gold (GANDF) currently allowed in Canada?

No; trading is prohibited in Canadian jurisdictions that adopted Multilateral Instrument 11‑103 until the FFCTO is revoked or varied.

What reason did Gander give for missing its filings for 2025?

The company said it currently lacks the financial resources required to complete the audit and related continuous disclosure obligations.

What steps is management of Gander Gold taking after the FFCTO?

Management is assessing strategic alternatives and potential sources of capital but gave no assurance on timing or outcome.