Rusoro Mining Announces Delay of Annual Filings
Rusoro Mining has announced a delay in filing its financial statements for the year ended December 31, 2024. The company has received a voluntary management cease trade order (MCTO) from Canadian securities regulators, which restricts insider trading but allows general trading to continue.
The delay stems from the resignation and replacement of the company's auditor on October 11, 2024. Management expects to complete the required filings by May 23, 2025. The company confirms compliance with alternative information guidelines and has not initiated any insolvency proceedings.
Additionally, three directors - Jay Kaplowitz, Dmitri Ushakov, and Vladimir Agapov - have resigned effective immediately.
Rusoro Mining ha annunciato un ritardo nella presentazione dei suoi bilanci relativi all'anno chiuso il 31 dicembre 2024. La società ha ricevuto un ordine volontario di sospensione delle negoziazioni da parte della direzione (MCTO) dalle autorità di regolamentazione canadese, che limita le operazioni degli insider ma consente il proseguimento delle negoziazioni generali.
Il ritardo è dovuto alle dimissioni e alla sostituzione del revisore contabile della società avvenute l'11 ottobre 2024. La direzione prevede di completare le necessarie presentazioni entro il 23 maggio 2025. La società conferma la conformità alle linee guida alternative sulle informazioni e non ha avviato alcuna procedura di insolvenza.
Inoltre, tre amministratori - Jay Kaplowitz, Dmitri Ushakov e Vladimir Agapov - hanno rassegnato le dimissioni con effetto immediato.
Rusoro Mining ha anunciado un retraso en la presentación de sus estados financieros correspondientes al año finalizado el 31 de diciembre de 2024. La compañía ha recibido una orden voluntaria de suspensión de comercio por parte de la dirección (MCTO) de los reguladores de valores canadienses, que restringe el comercio interno pero permite que continúe el comercio general.
El retraso se debe a la renuncia y reemplazo del auditor de la compañía el 11 de octubre de 2024. La dirección espera completar las presentaciones requeridas para el 23 de mayo de 2025. La compañía confirma el cumplimiento de las directrices alternativas de información y no ha iniciado ningún procedimiento de insolvencia.
Además, tres directores - Jay Kaplowitz, Dmitri Ushakov y Vladimir Agapov - han renunciado con efecto inmediato.
Rusoro Mining은 2024년 12월 31일 종료된 회계연도 재무제표 제출이 지연될 것이라고 발표했습니다. 회사는 캐나다 증권 규제 기관으로부터 자발적인 경영진 거래 중지 명령(MCTO)을 받았으며, 이는 내부자 거래를 제한하지만 일반 거래는 계속 허용합니다.
지연 사유는 2024년 10월 11일 회사 감사의 사임 및 교체 때문입니다. 경영진은 2025년 5월 23일까지 필요한 제출을 완료할 것으로 예상합니다. 회사는 대체 정보 지침을 준수하고 있으며, 파산 절차를 개시하지 않았음을 확인했습니다.
또한, 세 명의 이사 - 제이 카플로위츠, 드미트리 우샤코프, 블라디미르 아가포프 - 가 즉시 사임했습니다.
Rusoro Mining a annoncé un retard dans le dépôt de ses états financiers pour l'exercice clos le 31 décembre 2024. La société a reçu une ordonnance volontaire de suspension des transactions par la direction (MCTO) des régulateurs canadiens des valeurs mobilières, qui restreint les transactions des initiés mais permet la poursuite des transactions générales.
Ce retard est dû à la démission et au remplacement de l'auditeur de la société le 11 octobre 2024. La direction prévoit de finaliser les dépôts requis d'ici le 23 mai 2025. La société confirme sa conformité aux lignes directrices alternatives en matière d'information et n'a engagé aucune procédure d'insolvabilité.
De plus, trois administrateurs - Jay Kaplowitz, Dmitri Ushakov et Vladimir Agapov - ont démissionné avec effet immédiat.
Rusoro Mining hat eine Verzögerung bei der Einreichung seiner Finanzberichte für das am 31. Dezember 2024 endende Jahr bekanntgegeben. Das Unternehmen hat von den kanadischen Wertpapieraufsichtsbehörden eine freiwillige Management-Handelsstopp-Anordnung (MCTO) erhalten, die Insiderhandel einschränkt, aber den allgemeinen Handel fortsetzt.
Die Verzögerung resultiert aus dem Rücktritt und der Ablösung des Wirtschaftsprüfers des Unternehmens am 11. Oktober 2024. Das Management erwartet, die erforderlichen Einreichungen bis zum 23. Mai 2025 abzuschließen. Das Unternehmen bestätigt die Einhaltung alternativer Informationsrichtlinien und hat keine Insolvenzverfahren eingeleitet.
Zusätzlich haben drei Direktoren - Jay Kaplowitz, Dmitri Ushakov und Vladimir Agapov - mit sofortiger Wirkung ihren Rücktritt erklärt.
- None.
- Delay in filing annual financial statements and related documents for 2024
- Management cease trade order (MCTO) restricting insider trading
- Resignation of former auditor and appointment of new auditor causing delays
- Three directors resigned from the board effective immediately
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2025) - Rusoro Mining Ltd. (TSXV: RML) (the "Company" or "Rusoro") announces that it has experienced a delay in filing its financial statements for the year ended December 31, 2024, and the related management's discussion and analysis, and CEO and CFO certifications (collectively, the "Required Filings"), which are required to be filed on or before April 30, 2025.
In connection with the anticipated delay, the Company has applied to, and received from, the applicable Canadian securities regulators, a voluntary management cease trade order ("MCTO") which restricts trading in the Company's securities by insiders of the Company, as opposed to a general cease trade order, which would restrict all trading in the Company's securities. The MCTO will be in effect until the Required Filings are filed or until it is revoked or varied.
The Required Filings are in the process of being prepared but haven't been completed as a result of the resignation of the Company's former auditor on October 11, 2024, and the appointment of a new auditor on October 11, 2024. Management expects to be in a position to file the Required Filings no later than May 23, 2025.
The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in sections 9 and 10 of National Policy 12-203 – Management Cease Trade Orders for so long as it remains in default of the requirement to file the Required Filings. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information to release to the public. The Company has made the foregoing representations in accordance with the requirements of applicable securities laws.
Director Resignations:
The Company also announces that Jay Kaplowitz, Dmitri Ushakov and Vladimir Agapov will be resigning as directors of the Company effective immediately. The Company would like to sincerely thank them for their long-term and valuable contributions to the Company and wish them continued success.
ABOUT RUSORO MINING LTD.
The principal business activities of Rusoro were the acquisition, exploration, development, and operation of gold mineral properties. Since Venezuela expropriated Rusoro's assets in Venezuela in 2012 the Company has been focused on the recovery of its Arbitration Award.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO
For further information, please contact:
Rusoro Mining Ltd.
Gordon Keep
E; gkeep@fiorecorporation.com
T: 604 609-6110
Cautionary Note Regarding Forward-Looking Information and Statements:
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements about the expected filing of the Required Filings.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made including, without limitations, information based on the current status of the Required Filings and discussions with the auditor of the Company. Although the Company 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. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information, and there is no guarantee the Required Filings will be made on the timeline currently expected or at all. If the Required Filings are not filed on time or are subject to additional delays, the securities of the Company could be subject to a cease trade order or other actions taken by the securities regulators and/or the TSXV. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250353
FAQ
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