Wellfield Tech Stock Price, News & Analysis

Wellfield Technologies (OTCQB: WFLDF) announced updates to its Reverse Take-Over (RTO) transaction with Leonovus, involving the acquisition of Tradewind Markets. The deal includes Leonovus acquiring all outstanding shares of Tradewind in exchange for approximately 151,562,500 pre-consolidated shares (24,250,000 post-consolidation). Upon completion, Leonovus will be renamed to Tradewind Precious Metals Exchange Inc.

The transaction includes a C$5 million brokered financing offering through debt equity and equity subscription receipts. Tradewind's platform currently manages over CAD $334 million in customer gold and silver holdings at the Royal Canadian Mint, comprising 37,655 ounces of gold and 2,193,439.75 ounces of silver.

The deal features a C$2 million earnout potential for Wellfield, intellectual property support valued at C$1 million, and a 5-year non-competition agreement. The financing includes 14% convertible debentures secured by physical gold and warrants exercisable at C$0.25 for 60 months.

Wellfield Technologies (OTC:WFLDF) has provided an update regarding its previously announced Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission. The company continues to work with auditors to complete its Annual Filings for the financial year ended March 31, 2025.

The company expects to complete and file the required documents, including audited financial statements, MD&A, and related certifications, by September 29, 2025. Wellfield confirms there have been no material changes to previously disclosed information and continues to comply with alternative information guidelines under NP 12-203.

Wellfield Technologies (OTC:WFLDF) has provided an update regarding its Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission. The company is working with auditors to complete and file its annual financial statements and MD&A for the year ended March 31, 2025.

The company expects to complete the Annual Filings by September 29, 2025. Wellfield confirmed there have been no material changes to previously disclosed information, no failures in fulfilling alternative information guidelines, and no additional defaults beyond those already announced.

Wellfield Technologies (OTC:WFLDF) has provided an update regarding its previously announced Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission. The company is working with auditors to complete and file its annual financial statements and MD&A for the year ended March 31, 2025.

The company expects to complete the Annual Filings by August 29, 2025, with a final deadline of September 29, 2025. Wellfield confirmed there have been no material changes to previously disclosed information and continues to comply with alternative information guidelines under NP 12-203.

Wellfield Technologies (OTC:WFLDF) has received a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission following their application. The company failed to file its annual financial statements and MD&A for the year ended March 31, 2025 by the July 29, 2025 deadline.

Under the MCTO, Wellfield has until September 29, 2025 to complete the required Annual Filings. The order restricts the CEO and CFO from trading company securities but does not affect other shareholders. The company expects to file the required documents by August 29, 2025. If Wellfield fails to meet the extended deadline, regulators may impose a broader Cease Trade Order.

Wellfield Technologies (OTC:WFLDF) has announced a potential delay in completing its annual filings for the fiscal year ended March 31, 2025. The company has applied for a temporary Management Cease Trade Order (MCTO) from the British Columbia Securities Commission. The delay is attributed to several factors, including the ongoing Tradewind Markets spin-off, Middle East conflict impacts on staffing, temporary misalignment with auditor KRP, and a recent CFO appointment.

If granted, the MCTO will restrict trading by company insiders while allowing other parties to continue trading. Wellfield expects to complete the Annual Filings by August 31, 2025, missing the original July 29, 2025 deadline. The company commits to providing bi-weekly status updates until the situation is resolved.

Wellfield Technologies (OTC:WFLDF) has appointed John Parker as its new Chief Financial Officer, effective July 11, 2025. Parker brings over 25 years of leadership experience as a former business owner, CFO, General Manager, and Director.

Parker succeeds Levy Cohen, who served as interim CFO since January 2025. Cohen will continue his roles as Chief Executive Officer and director of the company. Parker's expertise includes developing enhanced financial reporting processes, implementing key performance indicators, and supporting companies with equity and debt financing initiatives.

Wellfield Technologies (TSXV: WFLD) (OTC Pink: WFLDF) has announced a shares for debt transaction to settle $244,500 in outstanding consulting payables. The company will issue 4,657,142 common shares at a deemed price of $0.0525 per share to satisfy these obligations.

The shares will be issued following TSX Venture Exchange acceptance and will be subject to a four-month plus one day hold period in accordance with applicable securities laws and exchange policies. All creditors involved in the transaction are arm's length parties to the company.

Wellfield Technologies (TSXV: WFLD) (OTC Pink: WFLDF) announced the departure of board member Kristina Bates, effective February 14, 2025. The company has initiated a search for a replacement director and will provide additional information once available.