Inca One Announces Late Filing of Annual Financial Statements

Rhea-AI Summary

Inca One Gold Corp (TSXV: INCA.H) has announced a delay in filing its Annual Financial Statements for the fiscal year ended April 30, 2024, due to ongoing CCAA proceedings. The company expects to file the Annual Filings by the end of September 2024. As a result of this delay, Inca One anticipates that the British Columbia Securities Commission will issue a cease trade order, affecting trading in all of the company's securities until the order is revoked. Additionally, Inca One is currently suspended from trading on the TSX Venture Exchange. The company will issue a press release once the Annual Filings are completed.

Positive

• None.

Negative

• Delay in filing Annual Financial Statements
• Expected cease trade order from British Columbia Securities Commission
• Current suspension from trading on TSX Venture Exchange
• Ongoing CCAA proceedings affecting company operations

News Market Reaction – INCAF

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On the day this news was published, INCAF declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - August 28, 2024) - INCA ONE GOLD CORP. (TSXV: INCA.H) ("Inca One" or the "Company") announces that as a result of the CCAA proceedings which Inca One is currently involved, the Company will be unable to file its Annual Financial Statements for the fiscal year ended April 30, 2024 and accompanying management's discussion and analysis for the corresponding period and certifications, (the "Annual Filings") by the regulatory filing deadline of August 28.

The Company continues work with its auditors to complete the Annual Filings as soon as possible. Inca One anticipates and expects filing the Annual Filings around the end of September 2024 and will issue a press release announcing completion of these filings at such time.

Given the circumstances, the Company expects the British Columbia Securities Commission will issue a cease trade order. The cease trade order would affect trading in all securities of the Company and would remain in effect until it is revoked following filing of the Annual Filings. The Company is also currently suspended from trading on the TSX Venture Exchange.

On behalf of the Board,

Edward Kelly
President and CEO
Inca One Gold Corp.

For More Information Contact:

Konstantine Tsakumis
ktsakumis@incaone.com
604-568-4877

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 NEWS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221447

FAQ

Why is Inca One Gold Corp (INCAF) delaying its Annual Financial Statements filing?

Inca One Gold Corp is delaying its Annual Financial Statements filing due to ongoing CCAA (Companies' Creditors Arrangement Act) proceedings, which have impacted the company's ability to meet the regulatory filing deadline of August 28, 2024.

When does Inca One Gold Corp (INCAF) expect to file its delayed Annual Financial Statements?

Inca One Gold Corp anticipates filing its delayed Annual Financial Statements by the end of September 2024.

What are the consequences of Inca One Gold Corp's (INCAF) delayed financial filing?

The consequences include an expected cease trade order from the British Columbia Securities Commission, affecting trading in all of the company's securities, and continued suspension from trading on the TSX Venture Exchange.

What is the current trading status of Inca One Gold Corp (INCAF) on the TSX Venture Exchange?

Inca One Gold Corp is currently suspended from trading on the TSX Venture Exchange.