Wellfield Technologies Inc. Provides Management Cease Trade Order Update
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) ha fornito un aggiornamento riguardo al precedente Management Cease Trade Order (MCTO) emesso dalla British Columbia Securities Commission. L'azienda continua a collaborare con i revisori per completare le presentazioni annuali per l'esercizio chiuso al 31 marzo 2025.
L'azienda si aspetta di completare e presentare i documenti richiesti, inclusi bilanci certificati, MD&A e relative attestazioni, entro il 29 settembre 2025. Wellfield conferma che non ci sono stati cambiamenti sostanziali rispetto alle informazioni finora comunicate e continua a conformarsi alle linee guida di informazione alternative previste da NP 12-203.
Wellfield Technologies (OTC:WFLDF) ha proporcionado una actualización sobre su anterior Orden de Cesación de Negociación de la Dirección (MCTO) emitida por la British Columbia Securities Commission. La empresa continúa trabajando con los auditores para completar las Presentaciones Anuales para el año fiscal terminado el 31 de marzo de 2025.
La compañía espera completar y presentar los documentos requeridos, incluidas las cuentas auditadas, el MD&A y las certificaciones relacionadas, para el 29 de septiembre de 2025. Wellfield confirma que no ha habido cambios materiales respecto de la información divulgada previamente y continúa cumpliendo con las directrices de información alternativa bajo NP 12-203.
Wellfield Technologies(OTC:WFLDF)는 브리티시컬럼비아 증권위원회가 발행한 이전 관리 거래 정지 명령(MCTO)과 관련한 업데이트를 제공했습니다. 회사는 감사인과 협력하여 2025년 3월 31일 종료 회계연도에 대한 연차 보고를 완료하기 위해 계속 노력하고 있습니다.
회사는 감사 재무제표, MD&A 및 관련 인증서를 포함한 필요한 서류를 2025년 9월 29일까지 완료하고 제출할 것으로 기대합니다. Wellfield는 이전에 공개된 정보에 중대한 변경이 없다고 확인하며 NP 12-203에 따른 대체 정보 지침을 계속 준수합니다.
Wellfield Technologies (OTC:WFLDF) a publié une mise à jour concernant l'Ordre de Suspension des Transactions de Gestion (MCTO) précédemment émis par la British Columbia Securities Commission. L'entreprise continue de travailler avec les auditeurs pour achever les déclarations annuelles pour l'exercice clos le 31 mars 2025.
L'entreprise prévoit d'achever et de déposer les documents requis, y compris les états financiers audités, le MD&A et les certifications associées, d'ici le 29 septembre 2025. Wellfield confirme qu'il n'y a pas de changements importants par rapport aux informations divulguées précédemment et continue de se conformer aux directives d'information alternatives en vertu du NP 12-203.
Wellfield Technologies (OTC:WFLDF) hat ein Update zum zuvor von der British Columbia Securities Commission erlassenen Management Cease Trade Order (MCTO) gegeben. Das Unternehmen arbeitet weiterhin mit den Prüfern zusammen, um die Jahresabschlüsse für das Geschäftsjahr zum 31. März 2025 abzuschließen.
Das Unternehmen erwartet, die erforderlichen Unterlagen, einschließlich geprüfter Jahresabschlüsse, MD&A und zugehöriger Zertifizierungen, bis zum 29. September 2025 fertigzustellen und einzureichen. Wellfield bestätigt, dass es keine wesentlichen Änderungen zu den zuvor offengelegten Informationen gibt und setzt die Einhaltung der alternativen Informationsrichtlinien gemäß NP 12-203 fort.
Wellfield Technologies (OTC:WFLDF) قدّمت تحديثاً بخصوص أمر التوقيف المؤقت لتداول الإدارة (MCTO) الذي صدر عن لجنة الأوراق المالية في كولومبيا البريطانية. تواصل الشركة العمل مع المدققين لاستكمال الإقرارات السنوية للسنة المالية المنتهية في 31 مارس 2025.
وتتوقع الشركة استكمال وتقديم الوثائق المطلوبة، بما في ذلك البيانات المالية المدققة وMD&A والشهادات ذات الصلة، بحلول 29 سبتمبر 2025. تؤكد Wellfield أنه لا توجد تغيّرات مادية مقارنةً بما أُعلن سابقاً وتستمر في الالتزام بإرشادات المعلومات البديلة وفق NP 12-203.
Wellfield Technologies（OTC:WFLDF） 就此前由不列颠哥伦比亚省证券委员会发出的管理交易停止令（MCTO）提供了更新。公司将继续与审计师合作，完成< b>截至2025年3月31日的财政年度年度申报。
公司预计将完成并提交所需文件，包括经审计的财务报表、MD&A及相关认证，于2025年9月29日前。Wellfield确认与先前披露的信息相比没有重大变动，并将继续遵守NP 12-203下的替代信息指南。
- None.
- Company remains under Management Cease Trade Order due to delayed financial filings
- Inability to file Annual Filings within original deadline indicates potential internal control or accounting challenges
Toronto, Ontario--(Newsfile Corp. - September 12, 2025) - Wellfield Technologies Inc. (TSXV: WFLD) (OTC Pink: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") is providing an update with respect to its previously announced management cease trade order ("MCTO") issued by the British Columbia Securities Commission (the "BSCS") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), as previous disclosed in the news releases of the Company dated July 17, 2025 (the "Default Announcement") and July 31, 2025 (the "MCTO News Release").
The Company and its auditors continue to work diligently to file the audited financial statements and related annual management's discussion and analysis (MD&A) for the financial year ended March 31, 2025, as required under Part 4 and Part 5, respectively, of National Instrument 51-102 — Continuous Disclosure Obligations, and related certifications of such filings by the Company's chief executive officer and chief financial officer as required under Part 4 of National Instrument 52-109 — Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the "Annual Filings"). It is expected that the Company will be able to complete the Annual filings by no later than September 29, 2025.
The Company is providing this bi-weekly update in accordance with NP 12-203 and will continue to provide such bi-weekly updates until such time that it remains in default for failure to file the Annual Filings.
The Company confirms that as of the date herein, (a) there has been no material change to the information set out in the Default Announcement or the MCTO News Release that has not been generally disclosed; (b) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.
About Wellfield Technologies
Wellfield Technologies, Inc. (TSXV: WFLD) is a leading fintech company specializing in innovative solutions leveraging blockchain technology. Our platform Coinmama, provides seamless access to the cryptocurrency market for over 3.5 million registered users across 180 countries. We offer disruptive on-chain and web3 secure and friendly self-custody solutions through Coinmama. Additionally, Wellfield operates Tradewind Markets platform to digitize and trade real-world assets, including our flagship VaultChain™ Gold and VaultChain™ Silver products.
Join Wellfield's digital community on LinkedIn and Twitter, and for more details, visit wellfield.io.
For further information contact:
Wellfield Technologies Inc.
Levy Cohen, CEO
levyc@wellfield.io
(832) 483-2575
Ryan Graybill, Investor Relations
ryan.graybill@wellfield.io
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the contents of this news release, nor do they accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release constitute forward-looking statements or information under Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "will", "expects", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "will" occur. In particular, forward-looking statements in this release include statements regarding: the anticipated timing for the filing of the Annual Filings; and the ability of the Company to comply with the requirements of NP12-203. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including that the Annual Filings may not be completed in the time anticipated or allowed for by the MCTO, in which case a general cease trade order may be issued with respect to the Company's securities. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company cautions readers of this news release not to place undue reliance on the forward-looking statements contained in this release as many factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other risk factors that could affect the Company's operations are outlined in the Company's continuous disclosure documents that can be found on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. The Company does not intend and disclaims any obligation, except as required by law, to update or revise any forward-looking statements, whether because continuous disclosure documents that can be found on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. The Company does not intend and disclaims any obligation, except as required by law, to update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266309
FAQ
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