Mr.
Joseph Carrabba reports
BOND RESOURCES PROVIDES BI-WEEKLY MCTO STATUS UPDATE
On Oct. 31, 2023, Bond Resources Inc. applied for a management cease trade order (MCTO) with the applicable
securities regulatory authorities in Canada on the basis that the company would be
unable to file its financial statements, and accompanying management's discussion
and analysis for the financial year ended June 30, 2023, by Oct. 28, 2023, being the date that such filings were due under
applicable Canadian securities law requirements. The MCTO was issued on Oct. 31,
2023, and restricts all trading in securities of the company, whether direct or indirect, by
the chief executive officer and chief financial officer of the company until two full
business days following the filing of the annual filings and the MCTO has been revoked.
The MCTO does not affect the ability of other shareholders of the company to trade
their securities.
The company's management continues to work diligently to complete the annual
filings and as previously disclosed by the company in the original announcement.
The company confirms that since the date of the original announcement: (i) other
than as described above, there has been no material change to the information set
out in that news release that has not been generally disclosed; (ii) 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 National Policy 12-203
-- Management Cease Trade Order (NP 12-203); (iii) there has not been any other
specified default by the company under NP 12-203; and (iv) there is no other material
information concerning the affairs of the company that has not been generally
disclosed.
The company confirms it will continue to satisfy the provisions of the alternative
information guidelines set out in NP 12-203 so long as it remains in default of the
requirement to file the required filings.
About Bond Resources Inc.
Bond is a mineral resource company committed to pursuing
mining projects of merit. Led by industry veterans, Bond combines the technical
expertise of industry experts and a transparent communications model to increase
shareholder value.
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