05:55:09 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Archer Petroleum Corp (2)
Symbol ARK
Shares Issued 54,181,810
Close 2015-05-25 C$ 0.01
Market Cap C$ 541,818
Recent Sedar Documents

Archer has no material changes

2015-05-26 20:03 ET - News Release

Mr. Colin Bowkett reports

ARCHER UPDATES STATUS OF MANAGEMENT CEASE TRADE ORDER

Further to the news release dated May 4, 2015, the B.C. Securities Commission issued a management cease trade order on March 31, 2015, against certain of Archer Petroleum Corp.'s insiders for the corporation's failure to file its annual financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certificates for its fiscal year ended Nov. 30, 2014. The corporation is required to provide biweekly status updates and in accordance with National Policy 12-203 (cease trade orders for continuous disclosure defaults) until the MCTO has been revoked or a full cease trade issued.

The corporation was not in a position to file its required filings within the required time due to a lack of funds that prevented the corporation from being able to engage its auditor.

Pursuant to the requirements of Section 4.4 of National Policy 12-203, the corporation reports that as of the date hereof:

  1. There have been no material changes to the information contained in the default notice, and the corporation reasonably expects to file the required filings on or about May 30, 2015.
  2. There have been no failures with respect to the corporation fulfilling its stated intentions of satisfying the requirements of filing the required filings.
  3. The corporation does not have knowledge of any specified, or anticipated, default subsequent to the default which is the subject of the default notice.
  4. Other than as disclosed herein, there is no other material information about the affairs of the corporation that has not otherwise been generally disclosed.

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