Gold Mountain Provides Update Respecting Late Filing of Annual Financial Statements

Rhea-AI Summary

Gold Mountain Mining (OTCQB:GMTNF) has provided an update regarding its previously announced management cease trade order (MCTO) issued by the British Columbia Securities Commission. The MCTO was issued due to the company's delay in filing its annual financial statements for the year ended March 31, 2025, along with related documentation.

The company expects to file the required documents by July 30, 2025, missing the original deadline of June 30, 2025. Gold Mountain will continue to provide bi-weekly status updates in accordance with National Policy 12-203 Management Cease Trade Orders. The company confirms there have been no material changes since the initial announcement on July 2, 2025.

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Positive

• None.

Negative

• Delayed filing of annual financial statements and related documents
• Management cease trade order (MCTO) issued by regulators
• Missed regulatory filing deadline of June 30, 2025

VANCOUVER, BC / ACCESS Newswire / July 16, 2025 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to provide an update with respect to the previously announced management cease trade order (the "MCTO") issued by the British Columbia Securities Commission on July 2, 2025. The MCTO was issued in connection with the delay by the Company in filing its annual financial statements for the financial year ended March 31, 2025 (the "Financial Statements") and its management's discussion and analysis, CEO and CFO filing certificates and annual information form relating to the Financial Statements (collectively, the "Required Filings") before the prescribed filing deadline of June 30, 2025 (the "Filing Deadline").

The Company continues to work closely with its auditor and expects to file the Required Filings on or before July 30, 2025, as previously announced.

The Company is providing this status update in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default. The Company confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued on July 2, 2025, and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

About Gold Mountain

Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South Central British Columbia. Additional information is available at www.sedarplus.ca or on the Company's website at www.goldmountainminingcorp.ca.

For more information, please contact:

Gold Mountain Mining Corp.
Email: info@goldmountainminingcorp.ca
Website: www.goldmountainminingcorp.ca

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Forward Looking Statements

Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company's future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements 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. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

SOURCE: Gold Mountain Mining Corp.

View the original press release on ACCESS Newswire

FAQ

Why was a management cease trade order (MCTO) issued for Gold Mountain Mining (GMTNF)?

The MCTO was issued because Gold Mountain failed to file its annual financial statements for the year ended March 31, 2025, and related documents by the June 30, 2025 deadline.

When will Gold Mountain Mining (GMTNF) file its delayed annual financial statements?

Gold Mountain expects to file the required financial statements and related documents by July 30, 2025.

What is the current status of Gold Mountain Mining's (GMTNF) management cease trade order?

The MCTO remains in effect, and the company is providing bi-weekly status updates. There have been no material changes since the initial announcement on July 2, 2025.

What documents are delayed in Gold Mountain Mining's (GMTNF) regulatory filing?

The delayed documents include the annual financial statements for the year ended March 31, 2025, management's discussion and analysis, CEO and CFO filing certificates, and annual information form.