Taurus Gold Corp Announces Adoption of Semi-Annual Reporting
Rhea-AI Summary
Taurus Gold (OTC:TARGF) adopted a semi-annual financial reporting framework under Coordinated Blanket Order 51-933, effective immediately. The company will stop filing interim financials and MD&A for its first and third quarters while eligible.
Taurus’s fiscal year ends July 31. It will not file interim reports for Q3 2026 (ending April 30, 2026) or Q1 2027 (ending October 31, 2026). The company will continue audited annual statements and six-month interim reports, and confirms eligibility as a venture issuer with annual revenue under $10 million.
Positive
- Reduced administrative and financial burden from quarterly reporting
- Management can allocate more resources to advancing projects
- Confirms annual revenue under $10 million and clean 12‑month disclosure record
Negative
- Move from quarterly to semi-annual reporting reduces reporting frequency
- No interim financial reports for Q3 2026 and Q1 2027
News Market Reaction – TARGF
In the Jun 22 session, TARGF declined 35.50%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2026) - Taurus Gold Corp. (CSE: TAUR) ("Taurus" or the "Company") announces that it has adopted a semi-annual financial reporting ("SAR") framework, effective immediately. This change is being made pursuant to the Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").
CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework.
Transition Details – Taurus's fiscal year ends on July 31. Under the SAR framework, the Company will be exempt from filing interim financial reports and related Management Discussion & Analysis ("MD&A") for its first and third quarters for so long as it continues to meet eligibility criteria under CBO 51-933.
By adopting the SAR, Taurus aims to reduce the administrative and financial burden associated with quarterly reporting, allowing management to focus resources on advancement of different projects.
- Initial Interim Period: The Company will not file an interim report for the third quarter (Q3) ending April 30, 2026 and for the first quarter (Q1) ending October 31, 2026.
- Ongoing Reporting: Taurus will continue to file audited annual consolidated financial statements (due within 120 days of July 31, 2026), and six-month interim financial reports (due within 60 days of January 31, 2027).
- Continued Disclosure: The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102.
- Eligibility: Taurus confirms it meets the pilot program's eligibility criteria, which includes being a venture issuer with annual revenues of less than
$10 million and maintaining a clean 12-month continuous disclosure record. - Continued Participation: Should the Company cease to continue participating in the SAR Pilot Program, it will announce it in a future news release.
About Taurus Gold Corp.
Taurus Gold is a growth-oriented mineral exploration company with a
On Behalf of the Board of Directors
Gabriel Kabazo, CFO
For Further Information, Please Contact:
Gabriel Kabazo – CFO
Phone: 604-833-6820
Email: gkabazo@gmail.com
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE'S REGULATION SERVICES PROVIDER.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302294