Nepra Foods Provides Bi-Weekly MCTO Status Report
Nepra Foods (OTCQB:NPRFF) has received a management cease trade order (MCTO) from the British Columbia Securities Commission (BCSC) due to a delay in filing its annual financial statements. The company has been granted an extension until September 29, 2025 to file its Annual Financial Filings for the period ended March 31, 2025.
Under the MCTO, the CEO and CFO are restricted from trading company securities until the filings are completed and the order is revoked. This order does not affect regular shareholders' ability to trade their securities. The company is actively working to complete the required filings before the extended deadline.
Nepra Foods (OTCQB:NPRFF) ha ricevuto un ordine di sospensione delle negoziazioni per la direzione (MCTO) dalla British Columbia Securities Commission (BCSC) a causa del ritardo nella presentazione dei bilanci annuali. Alla società è stata concessa una proroga fino al 29 settembre 2025 per depositare i rendiconti finanziari annuali relativi al periodo chiuso il 31 marzo 2025.
In base all'MCTO, l'amministratore delegato e il direttore finanziario sono soggetti a restrizioni nel negoziare i titoli della società fino al completamento delle presentazioni e alla revoca dell'ordine. Tale provvedimento non incide sulla possibilità per gli azionisti ordinari di negoziare i propri titoli. La società sta lavorando attivamente per completare i documenti richiesti prima della scadenza prorogata.
Nepra Foods (OTCQB:NPRFF) ha recibido una orden de suspensión de operaciones para la dirección (MCTO) por parte de la British Columbia Securities Commission (BCSC) debido a un retraso en la presentación de sus estados financieros anuales. A la compañía se le ha concedido una prórroga hasta el 29 de septiembre de 2025 para presentar los informes financieros anuales correspondientes al periodo finalizado el 31 de marzo de 2025.
Según la MCTO, el consejero delegado y el director financiero tienen restringida la capacidad de operar con valores de la empresa hasta que se completen las presentaciones y se revoque la orden. Esta medida no afecta la capacidad de los accionistas ordinarios para negociar sus valores. La compañía está trabajando activamente para completar los informes requeridos antes del nuevo plazo.
Nepra Foods (OTCQB:NPRFF)는 연례 재무제표 제출 지연으로 인해 브리티시컬럼비아 증권위원회(BCSC)로부터 경영진 거래중지 명령(MCTO)을 받았습니다. 회사는 2025년 3월 31일로 종료되는 기간의 연례 재무보고서를 제출하기 위해 2025년 9월 29일까지 제출 기한 연장을 허가받았습니다.
MCTO에 따라 최고경영자(CEO)와 최고재무책임자(CFO)는 제출이 완료되어 명령이 해제될 때까지 회사 증권 거래에 제한을 받습니다. 이 명령은 일반 주주들의 거래 권리에는 영향을 미치지 않습니다. 회사는 연장된 기한 이전에 필요한 보고서를 완료하기 위해 적극적으로 노력하고 있습니다.
Nepra Foods (OTCQB:NPRFF) a reçu une ordonnance de cessation des transactions pour la direction (MCTO) de la British Columbia Securities Commission (BCSC) en raison d'un retard dans le dépôt de ses états financiers annuels. La société s'est vue accorder une prolongation jusqu'au 29 septembre 2025 pour déposer ses rapports financiers annuels pour la période close le 31 mars 2025.
En vertu de la MCTO, le PDG et le directeur financier sont limités dans leur capacité à négocier des titres de la société tant que les dépôts ne sont pas complétés et que l'ordonnance n'est pas levée. Cette mesure n'affecte pas la possibilité pour les actionnaires ordinaires de négocier leurs titres. La société travaille activement à finaliser les dépôts requis avant la date limite prolongée.
Nepra Foods (OTCQB:NPRFF) hat von der British Columbia Securities Commission (BCSC) aufgrund einer Verzögerung bei der Einreichung seiner Jahresfinanzberichte eine Anordnung zur Handelsaussetzung für das Management (MCTO) erhalten. Dem Unternehmen wurde eine Fristverlängerung bis zum 29. September 2025 gewährt, um die Jahresfinanzunterlagen für den zum 31. März 2025 endenden Zeitraum einzureichen.
Unter der MCTO sind der CEO und der CFO in ihren Handelsmöglichkeiten mit Unternehmenswerten eingeschränkt, bis die Einreichungen abgeschlossen und die Anordnung aufgehoben sind. Diese Maßnahme beeinträchtigt nicht die Fähigkeit der gewöhnlichen Aktionäre, ihre Wertpapiere zu handeln. Das Unternehmen arbeitet aktiv daran, die erforderlichen Unterlagen vor Ablauf der verlängerten Frist fertigzustellen.
- None.
- Delay in filing annual financial statements
- CEO and CFO are restricted from trading company securities
- Company missed original July 29, 2025 filing deadline
VANCOUVER, BC / ACCESS Newswire / August 13, 2025 / Nepra Foods Inc. (CSE:NPRA)(FSE:2P6)(OTCQB:NPRFF) ("Nepra Foods" or the "Company"), announces that further to its news release dated July 30, 2025, the Company voluntarily applied for and the Company's principal regulator, the British Columbia Securities Commission (the "BCSC") granted a management cease trade order (the "MCTO") dated July 30, 2025, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") and provided the Company with an extension to file its annual financial statements for the period ended March 31, 2025, including the related management's discussion and analysis, and related certifications on or before July 29, 2025 (collectively the "Annual Financial Filings"). The deadline has now been extended to on or before September 29, 2025.
Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer of the Company may not trade in securities of the Company until such time as the Company files its Annual Financial Filings on or before September 29, 2025, and the Executive Director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.
The Company is working expeditiously and expects to file on or before September 29, 2025.
The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases until the time it has filed the Annual Financial Filings.
About Nepra Foods Inc.
Nepra Foods is a specialty food company focused on innovative and proprietary allergen and gluten-free food ingredient technologies. The company supports food manufacturers globally with formulations, ingredients and technical support for the production of the next generation of healthy, nutritious foods. For more information on the company, visit www.neprafoods.com.
ON BEHALF OF THE BOARD OF DIRECTORS
William Hogan, CEO & Director
investors@neprafoods.com
844-566-1917
The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.
SOURCE: Nepra Foods
View the original press release on ACCESS Newswire
FAQ
What is the MCTO issued to Nepra Foods (NPRFF) and when does it expire?
Can shareholders still trade Nepra Foods (NPRFF) stock during the MCTO period?
Why did Nepra Foods (NPRFF) receive a management cease trade order?
What financial documents is Nepra Foods (NPRFF) required to file under the MCTO?
