Rusoro Mining Provides Bi-Weekly MCTO Status Update
Rusoro Mining Ltd. (TSXV: RML) has provided a bi-weekly status update regarding its previously announced Management Cease Trade Order (MCTO). The company failed to file its annual audited financial statements for 2024 by the April 30, 2025 deadline. Rusoro is working with its audit team and remains confident in completing the Annual Filings before June 30, 2025.
The MCTO, issued by the British Columbia Securities Commission on May 1, 2025, restricts the CEO and CFO from trading company securities but does not affect other shareholders' ability to trade. The company confirms no material changes or undisclosed information since the Default Announcement and will continue issuing bi-weekly status reports.
Rusoro Mining Ltd. (TSXV: RML) ha fornito un aggiornamento bisettimanale sullo stato del suo precedentemente annunciato Ordine di Sospensione del Commercio per la Direzione (MCTO). La società non è riuscita a presentare i suoi bilanci annuali revisionati per il 2024 entro la scadenza del 30 aprile 2025. Rusoro sta collaborando con il suo team di revisione e rimane fiduciosa di completare le presentazioni annuali entro il 30 giugno 2025.
L'MCTO, emesso dalla British Columbia Securities Commission il 1° maggio 2025, limita il CEO e il CFO dal negoziare titoli della società, ma non influisce sulla capacità degli altri azionisti di effettuare operazioni. La società conferma che non ci sono cambiamenti significativi o informazioni non divulgate dalla Comunicazione di Inadempienza e continuerà a fornire rapporti di stato bisettimanali.
Rusoro Mining Ltd. (TSXV: RML) ha proporcionado una actualización quincenal sobre el estado de su Orden de Suspensión de Comercio para la Dirección (MCTO) previamente anunciada. La compañía no presentó sus estados financieros auditados anuales para 2024 antes de la fecha límite del 30 de abril de 2025. Rusoro está trabajando con su equipo de auditoría y confía en completar las Presentaciones Anuales antes del 30 de junio de 2025.
La MCTO, emitida por la Comisión de Valores de Columbia Británica el 1 de mayo de 2025, restringe al CEO y CFO de negociar valores de la compañía, pero no afecta la capacidad de otros accionistas para comerciar. La empresa confirma que no hay cambios materiales ni información no divulgada desde el Anuncio de Incumplimiento y continuará emitiendo informes de estado quincenales.
Rusoro Mining Ltd. (TSXV: RML)는 이전에 발표한 경영진 거래중지 명령(MCTO)에 관한 2주 간격 현황 업데이트를 제공했습니다. 회사는 2025년 4월 30일까지 2024년 연간 감사 재무제표를 제출하지 못했습니다. Rusoro는 감사팀과 협력 중이며 2025년 6월 30일 이전에 연간 제출 서류를 완료할 것으로 확신하고 있습니다.
2025년 5월 1일 브리티시컬럼비아 증권위원회가 발행한 MCTO는 CEO와 CFO의 회사 증권 거래를 제한하지만, 다른 주주들의 거래 권한에는 영향을 미치지 않습니다. 회사는 부도 공지 이후 중요한 변경사항이나 미공개 정보가 없음을 확인하며 2주마다 현황 보고를 계속할 예정입니다.
Rusoro Mining Ltd. (TSXV : RML) a fourni une mise à jour bi-hebdomadaire concernant son Ordre de Suspension de Négociation de la Direction (MCTO) précédemment annoncé. La société n'a pas réussi à déposer ses états financiers annuels audités pour 2024 avant la date limite du 30 avril 2025. Rusoro collabore avec son équipe d'audit et reste confiante de finaliser les dépôts annuels avant le 30 juin 2025.
Le MCTO, émis par la Commission des valeurs mobilières de la Colombie-Britannique le 1er mai 2025, interdit au PDG et au CFO de négocier les titres de la société, mais n'affecte pas la capacité des autres actionnaires à négocier. La société confirme qu'il n'y a eu aucun changement important ni information non divulguée depuis l'annonce du défaut et continuera à publier des rapports d'état bi-hebdomadaires.
Rusoro Mining Ltd. (TSXV: RML) hat ein zweiwöchentliches Statusupdate bezüglich der zuvor angekündigten Management Cease Trade Order (MCTO) veröffentlicht. Das Unternehmen hat es versäumt, seine jährlichen geprüften Finanzberichte für 2024 bis zur Frist am 30. April 2025 einzureichen. Rusoro arbeitet mit seinem Prüfungsteam zusammen und ist zuversichtlich, die Jahresberichte vor dem 30. Juni 2025 abzuschließen.
Die MCTO, die von der British Columbia Securities Commission am 1. Mai 2025 erlassen wurde, beschränkt den CEO und CFO am Handel mit Unternehmenswertpapieren, beeinträchtigt jedoch nicht die Handelsfähigkeit anderer Aktionäre. Das Unternehmen bestätigt, dass seit der Bekanntgabe des Versäumnisses keine wesentlichen Änderungen oder nicht offengelegte Informationen vorliegen und wird weiterhin zweiwöchentliche Statusberichte herausgeben.
- None.
- Failed to file annual audited financial statements and related documents by the required deadline
- Management (CEO and CFO) are restricted from trading company securities due to MCTO
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Rusoro Mining Ltd. (TSXV: RML) (the "Company" or "Rusoro") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") with respect to the previously announced Management Cease Trade Order (the "MCTO") issued by the British Columbia Securities Commission, as principal regulator, on May 1, 2025.
On April 30, 2025, the Company announced that it was unable to file its annual audited financial statements for the year ended December 31, 2024, the related management's discussion and analysis, and the related Chief Executive Officer (the "CEO") and Chief Financial Officer (the "CFO") certificates (collectively, the "Annual Filings") by the deadline of April 30, 2025 (the "Default Announcement"). The Company confirms that it is actively working with its audit team to complete the Annual Filings, which will be filed as soon as possible.
As previously stated, subject to current conditions remaining the same, the Company remains confident in its ability to complete the Annual Filings before the June 30, 2025, deadline.
The Company confirms that since the date of the Default Announcement: (i) other than as described above, there has been no material change to the information set out in the Default Announcement that has not been generally disclosed, (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203, and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
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 for so long as it remains in default of the above-noted filing requirements.
The MCTO restricts the Company's CEO and CFO from trading in the Company's securities but does not affect the ability of other shareholders, including the public, to trade in securities of the Company.
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/252188
FAQ
Why did Rusoro Mining (RMLFF) receive a Management Cease Trade Order in May 2025?
When will Rusoro Mining (RMLFF) file its 2024 annual financial statements?
Does the MCTO affect regular shareholders' ability to trade Rusoro Mining (RMLFF) stock?
What requirements must Rusoro Mining (RMLFF) follow under the Management Cease Trade Order?
