Sranan Provides Update on Late Filing of Financial Statements

Rhea-AI Summary

Sranan Gold (OTCQB: SRANF) says it is finalizing audited financial statements and related filings for the fiscal year ended September 30, 2025, after addressing transactional complexities.

The company reports outstanding audit items of approximately 18% and anticipates filing the Required Filings on or before February 27, 2026. A Management Cease Trade Order (MCTO) was issued on January 29, 2026, restricting trading by the CEO and CFO until filings are completed. Sranan says it will issue bi-weekly status reports and has not initiated insolvency proceedings.

Positive

• Company anticipates filing Required Filings by February 27, 2026
• Outstanding audit items quantified at ~18%, showing audit progress
• Company will issue bi-weekly default status reports under NP 12-203
• Company confirms no insolvency proceedings and ongoing auditor communication

Negative

• Required Filings were overdue; original due date was January 28, 2026
• A Management Cease Trade Order was issued on January 29, 2026, restricting CEO/CFO trading
• Outstanding audit items represent approximately 18% of work remaining

Edmonton, Alberta--(Newsfile Corp. - February 18, 2026) - Sranan Gold Corp. (CSE: SRAN) (OTCQB: SRANF) ("Sranan" or the "Company") continues to work towards the filing of its annual audited financial statements, management's discussion and analysis, and CEO and CFO certifications for the fiscal year ended September 30, 2025 (the "Required Filings").

The previously identified transactional complexities have been addressed, and the review of the transactions is ongoing. The principal remaining items relate to transaction accounting testing and clarification of VAT treatment in Suriname, with other minor items including tax provision calculations, confirmations, and procedural documentation. As the audit has progressed, the volume of supporting documentation has increased and is being provided to the auditor, resulting in outstanding audit items representing approximately 18%. Sranan remains in ongoing communication with its auditor to confirm any remaining documentation requirements and has committed to providing any outstanding materials promptly upon request. Sranan anticipates that the audited financial statements will be completed and filed on or before February 27, 2026.

The Required Filings were due to be filed by January 28, 2026. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order ("MCTO") under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on January 29, 2026. The MCTO restricts all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company currently expects to file its interim first-quarter financial statements on or before the applicable filing due date.

Both the Company and its auditors are working diligently towards the completion and filing of the Required Filings, and the Company will provide additional updates.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

For further information with respect to the MCTO, please refer to the Company's news releases dated January 21, 2026, and February 4, 2026, available for viewing on the Company's SEDAR+ profile at www.sedarplus.ca.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname and Canada. The Company's flagship Tapanahony Project covers 29,000 hectares in one of Suriname's most prolific artisanal gold mining districts.

For more information, please visit http://www.sranangold.com.

For further information, please contact:
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements

Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sranan and there is no assurance that the actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates," "believes," "targets," "estimates," "plans," "expects," "may," "will," "could" or "would."

This news release contains forward-looking statements, including, but not limited to, statements regarding management's expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sranan does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284465

FAQ

Why did Sranan (SRANF) request a Management Cease Trade Order on January 29, 2026?

Because the company had not yet filed its annual audited financial statements, it applied for an MCTO to comply with NP 12-203. According to the company, the MCTO restricts trading by the CEO and CFO until the Required Filings are completed.

When does Sranan (SRANF) expect to file its fiscal year 2025 audited financial statements?

Sranan expects to file the Required Filings on or before February 27, 2026. According to the company, auditors and management are finalizing transaction accounting and VAT clarification in Suriname.

How much of the audit remains outstanding for Sranan (SRANF) as of February 19, 2026?

Approximately 18% of audit items remain outstanding, reflecting additional supporting documentation under review. According to the company, the volume of documentation increased as the audit progressed, producing the remaining items.

Does the MCTO issued to Sranan (SRANF) prevent all investors from trading the stock?

No; the MCTO restricts trading only by the company's CEO and CFO, not by other shareholders. According to the company, persons who are not directors, officers or insiders may trade their securities.

Will Sranan (SRANF) provide regular updates while filings remain outstanding?

Yes; Sranan intends to issue bi-weekly default status reports until the Required Filings are met. According to the company, these reports follow the alternative information guidelines in NP 12-203.

Has Sranan (SRANF) indicated insolvency or undisclosed material information during this delay?

No; the company confirms it has not taken steps toward insolvency and has no material undisclosed information. According to the company, it is working with auditors and will provide additional updates as needed.