Regenx Announces Delay in Filing of Annual Filings and Application for Management Cease Trade Order
Regenx Tech Corp. (OTCQB: RGXTF) has announced a delay in filing its Annual Filings for the year ended March 31, 2025, missing the July 29, 2025 deadline. The delay is attributed to non-payment of their auditor, which has prevented the completion of the audit process.
The company has applied for a Management Cease Trade Order (MCTO) with the Alberta Securities Commission and plans to secure a non-convertible short-term unsecured loan within 30 days to pay the outstanding auditor fees. Regenx expects to file the required documents by September 29, 2025. Until then, management and insiders are subject to a trading black-out policy.
Regenx Tech Corp. (OTCQB: RGXTF) ha annunciato un ritardo nella presentazione delle sue relazioni annuali per l'anno terminato il 31 marzo 2025, mancandone la scadenza del 29 luglio 2025. Il ritardo è dovuto al mancato pagamento del revisore, che ha impedito il completamento del processo di revisione.
L'azienda ha richiesto un Management Cease Trade Order (MCTO) alla Alberta Securities Commission e prevede di ottenere un prestito a breve termine non convertibile e non garantito entro 30 giorni per saldare le spese del revisore. Regenx prevede di presentare i documenti richiesti entro il 29 settembre 2025. Fino ad allora, la direzione e gli insider sono soggetti a una politica di blocco delle negoziazioni.
Regenx Tech Corp. (OTCQB: RGXTF) ha anunciado un retraso en la presentación de sus informes anuales para el año terminado el 31 de marzo de 2025, incumpliendo la fecha límite del 29 de julio de 2025. El retraso se debe a la falta de pago a su auditor, lo que ha impedido la finalización del proceso de auditoría.
La empresa ha solicitado una Orden de Suspensión de Comercio para la Gerencia (MCTO) ante la Comisión de Valores de Alberta y planea obtener un préstamo a corto plazo no convertible y sin garantía dentro de los próximos 30 días para pagar las tarifas pendientes del auditor. Regenx espera presentar los documentos requeridos antes del 29 de septiembre de 2025. Hasta entonces, la gerencia y los insiders están sujetos a una política de bloqueo de operaciones.
Regenx Tech Corp. (OTCQB: RGXTF)는 2025년 3월 31일 종료된 연도에 대한 연례 보고서 제출이 지연되어 2025년 7월 29일 마감일을 놓쳤다고 발표했습니다. 지연 사유는 감사 비용 미지급으로 인해 감사 절차 완료가 불가능했기 때문입니다.
회사는 앨버타 증권 위원회에 경영진 거래 중지 명령(MCTO)을 신청했으며, 30일 이내에 미지급 감사 비용을 지불하기 위해 비전환 단기 무담보 대출을 확보할 계획입니다. Regenx는 2025년 9월 29일까지 필요한 서류를 제출할 것으로 예상합니다. 그때까지 경영진과 내부자는 거래 금지 정책을 준수해야 합니다.
Regenx Tech Corp. (OTCQB : RGXTF) a annoncé un retard dans le dépôt de ses rapports annuels pour l'année close au 31 mars 2025, manquant la date limite du 29 juillet 2025. Ce retard est attribué au non-paiement de leur auditeur, ce qui a empêché l'achèvement du processus d'audit.
La société a demandé une Management Cease Trade Order (MCTO) auprès de la Commission des valeurs mobilières de l'Alberta et prévoit d'obtenir un prêt à court terme non convertible et non garanti dans les 30 jours pour régler les frais d'audit en souffrance. Regenx prévoit de déposer les documents requis d'ici le 29 septembre 2025. D'ici là, la direction et les initiés sont soumis à une politique d'interdiction de négociation.
Regenx Tech Corp. (OTCQB: RGXTF) hat eine Verzögerung bei der Einreichung seiner Jahresberichte für das zum 31. März 2025 endende Geschäftsjahr bekannt gegeben und damit die Frist am 29. Juli 2025 verpasst. Die Verzögerung ist auf die Nichtzahlung ihres Wirtschaftsprüfers zurückzuführen, was die Fertigstellung des Prüfungsprozesses verhindert hat.
Das Unternehmen hat bei der Alberta Securities Commission eine Management Cease Trade Order (MCTO) beantragt und plant, innerhalb von 30 Tagen einen nicht wandelbaren, kurzfristigen ungesicherten Kredit aufzunehmen, um die ausstehenden Prüfungsgebühren zu begleichen. Regenx erwartet, die erforderlichen Unterlagen bis zum 29. September 2025 einzureichen. Bis dahin unterliegen das Management und Insider einer Handelsaussetzung.
- None.
- Unable to pay auditor fees, indicating potential liquidity issues
- Delayed filing of Annual Financial Statements and related documents
- Management Cease Trade Order application may restrict insider trading
- Need to secure additional short-term loan to pay auditor
EDMONTON, Alberta, July 24, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Corporation" or "Regenx") (CSE: RGX) (OTCQB: RGXT) (FSE: YRS WKN: A2DSW3) announces that as a result in delays in the completion of its audit, the Corporation will be unable to meet the filing deadline of July 29, 2025, for filing of the following continuous disclosure documents (collectively, the “Annual Filings”):
- the Corporation’s Annual Audited Financial Statements for the year ended March 31, 2025, as required by section 4.2 of National Instrument 51-102 - Continuous Disclosure Obligations (“NI 51-102”);
- the Corporation’s Management Discussion & Analysis for the year ended March 31, 2025, as required by section 5.1(2) of NI 51-102;
- the certification of the Annual Filings for the year ended March 31, 2025.
The delay is a result of a delay in the payment to the Auditor of Regenx, resulting in the Auditor not completing the Audit of the Annual Financial Statements in time to meet the filing deadline. Regenx intends to secure a non-convertible short-term unsecured loan to pay the outstanding amount to the Auditor in the next 30 days.
In response to the Annual Filings delay, the Corporation has applied to the Alberta Securities Commission for a management cease trade order (“MCTO”) under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") that will prohibit the management of the Corporation from trading in the securities of the Corporation until such time as the Annual Filings are filed. No decision has yet been made by the Alberta Securities Commission on this application. The Alberta Securities Commission may grant the application and issue the MCTO or it may impose an issuer cease trade order if the Annual Filings are not filed in a timely fashion.
The Corporation continues to work to complete the Corporation's annual financial statements, and expects to file the Annual Filings by September 29, 2025, and will issue a news release once the Annual Filings have been filed. Regenx has made all efforts and allocated all available resources to the preparation, completion and filing of the Annual Filings. Until the Corporation files the Annual Filings, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the Corporation to issue bi-weekly default status reports, in the form of news releases, for so long as the Annual Filings have not been filed.
Until the Corporation has filed the Annual Filings, members of the Corporation’s management and other insiders are subject to an insider trading black-out policy as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. The Corporation confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on March 3, 2025, of the Corporation’s interim financial reports for the period ended December 31, 2024. There are no insolvency proceedings involving the Corporation.
About Regenx
Regenx Tech is a cleantech, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium. Learn more at www.regenx.tech.
For further information contact:
Don Weatherbee, CEO
1 866 498 4213
Investors@Regenx.Tech
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the filing of the Annual Filings, including the timing for the filing of the Annual Filings; and the application for a MCTO in respect of Regenx. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Regenx’s current beliefs and is based on information currently available to Regenx and on assumptions Regenx believes are reasonable. These assumptions include, but are not limited to: the ability of Regenx to complete the Annual Filings in the noted timeframe; the Management Cease Trade Order application process and the applicability of that process to Regenx. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Regenx to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation affecting Regenx; the timing and availability of external financing on acceptable terms; long-term capital requirements and future developments in the Company’s markets and the markets in which it expects to compete; lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Regenx’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although Regenx has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Regenx as of the date of this news release and, accordingly, is subject to change after such date. However, Regenx expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
FAQ
Why did Regenx Tech (RGXTF) delay its 2025 annual filings?
When will Regenx Tech (RGXTF) file its delayed 2025 annual reports?
What is the Management Cease Trade Order (MCTO) that Regenx Tech applied for?
How does Regenx Tech plan to resolve its auditor payment issue?
What are the implications of the filing delay for Regenx Tech shareholders?
