Sranan Updates Status on Late Filing of Financial Statements
Rhea-AI Summary
Sranan Gold Corp (OTCQB: SRANF) said it is working with auditors to complete annual audited financial statements and related CEO/CFO certifications for the year ended September 30, 2025, with about 20% of audit items outstanding.
The Required Filings were due January 28, 2026; the company expects to file on or before February 27, 2026. Key outstanding items include third-party confirmations, tax working papers, and equipment documentation. A Management Cease Trade Order (MCTO) was issued January 29, 2026, restricting trading by the CEO and CFO until filings are complete. The company will issue bi-weekly status reports and expects to file interim Q1 statements on time.
Positive
- Audit progress: approximately 80% of items completed
- Target filing date set for February 27, 2026
- Commitment to bi-weekly default status reports
- Interim Q1 statements expected on or before due date
Negative
- Required Filings were late (due January 28, 2026)
- MCTO issued January 29, 2026 restricting CEO/CFO trading
- Approximately 20% of audit items remain outstanding
News Market Reaction
On the day this news was published, SRANF gained 3.46%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Edmonton, Alberta--(Newsfile Corp. - February 4, 2026) - Sranan Gold Corp. (CSE: SRAN) (OTCQB: SRANF) ("Sranan" or the "Company") further to the Company's news release dated January 21, 2026, 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 Company is working with its auditor to address complexities associated with the acquisition structure and has made progress. Sranan is responding to audit requests as information becomes available, with approximately
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 will 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.
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/282642
FAQ
Why did Sranan (SRANF) request a Management Cease Trade Order on January 29, 2026?
When does Sranan (SRANF) expect to file its audited financial statements for the year ended September 30, 2025?
What audit items remain outstanding for Sranan (SRANF) as of February 4, 2026?
Will the MCTO affecting Sranan (SRANF) prevent other shareholders from trading?
How will Sranan (SRANF) keep investors informed about the filing progress?
