Vendetta Announces Adoption of Semi-Annual Financial Reporting
Shareholders will receive six-month interim reports rather than quarterly reports, while annual audits and timely disclosure continue.
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Rhea-AI Summary
Vendetta Mining (VDTAF) has elected to adopt semi-annual financial reporting under the Canadian Securities Administrators’ pilot program for eligible venture issuers. The company will no longer file first- and third-quarter interim financial reports or related management’s discussion and analysis, beginning with the three-month period ended August 31, 2026.
Audited annual statements, unaudited six-month interim reports and timely disclosure will continue. Vendetta’s financial year-end is May 31. The company determined that it meets the pilot’s eligibility criteria, including annual revenues below $10 million, at least 12 months of disclosure history and completion of required disclosure filings.
Positive
- None.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.First- and third-quarter financial reports and related analysis will cease, reducing scheduled financial disclosure frequency.
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Vancouver, British Columbia--(Newsfile Corp. - October 6, 2026) - Vendetta Mining Corp. (TSXV: VTT) ("Vendetta" or the "Company") announces that it has elected to participate in the Semi-Annual Financial Reporting Pilot (the "SAR Pilot") program. The SAR Pilot was introduced by the Canadian Securities Administrators under Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order"). This news release is being filed pursuant to the Blanket Order.
The SAR Pilot permits eligible venture issuers to transition from quarterly to semi-annual financial reporting. The Company has determined that it meets the eligibility criteria to participate in the SAR Pilot, including that it is a venture issuer, has annual revenues of less than
As a result of this election, the Company will file interim financial reports and related management's discussion and analysis ("MD&A") on a semi-annual basis, rather than quarterly. Under the Blanket Order, the Company will be exempt from filing interim financial reports and related MD&A for its first and third quarters. The Company's financial year-end is May 31. The initial period for which the Company will not file a quarterly interim financial report and related MD&A will be for the three-month period ended August 31, 2026.
The Company will continue to file audited annual financial statements and unaudited six-month interim financial reports and will continue to provide timely disclosure in accordance with applicable securities laws.
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company focused on advanced stage exploration and development at the
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael Williams"
Michael Williams
President & CEO
604-484-7855
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the 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/317704
FAQ
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When does Vendetta Mining’s semi-annual reporting change begin?
The first quarterly report Vendetta will not file covers the three-month period ended August 31, 2026. The exemption applies to first- and third-quarter interim financial reports and related management’s discussion and analysis.
What financial reports will Vendetta Mining continue to publish?
Vendetta will continue publishing audited annual financial statements and unaudited six-month interim financial reports. It will also continue timely disclosure under applicable securities laws. Its financial year-end is May 31.