Subject: Re: Essex Minerals News Release
PDF Document
File: Attachment 2025-01-29 OPTG MCTO NR.pdf
OPTEGRA VENTURES INC.
3002 1211 Melville Street
Vancouver, British Columbia V6E 0A7
Telephone: +1604 681 4653
OPTEGRA ANNOUNCES GRANT OF MANAGEMENT CEASE TRADE ORDER
January 29, 2025 Vancouver, British Columbia, Canada. Optegra Ventures Inc. (the "Company" or "Optegra",
TSX-V: OPTG) announces that it has been granted a management cease trade order ("MCTO") from the British
Columbia Securities Commission under National Policy 12-203 Cease Trade Orders for Continuous Disclosure
Defaults ("NP 12-203"), which will prohibit trading securities of the Company by certain individuals until such
time as the Required Filings (defined below) have been filed by the Company and the MCTO has been lifted.
While the MCTO is effective, the Company's Chief Executive Officer and Chief Financial Officer will be prohibited
from trading in the Company's securities, but the general public who are not insiders of the Company will continue to
be able to trade in the Company's listed securities.
The Company was unable to file its audited financial statements for the year ended September 30, 2024, and the related
management's discussion and analysis and Chief Executive Officer and Chief Financial Officer certificates for this
period (collectively, the "Required Filings") before the January 29, 2025 filing deadline (the "Filing Deadline").
The Company's failure to file its Required Filings by the Filing Deadline is due to recent financial difficulties affecting
the Issuer's ability to fund its audit combined with scheduling issues over the holiday season. The Company
anticipates that it will be in a position to file the Required Filings on or about February 28, 2025. The Company will
issue a news release once the Required Filings have been filed. The MCTO will be in effect until the Required Filings are
filed.
The Company confirms that there is no other material information relating to its affairs that has not been generally
disclosed. The Company will provide updates as further information relating to the Annual Financial Filings becomes
available. The Company intends to satisfy the provision of the alternative information guidelines set out in sections 9
and 10 of NP 12-203 as long as the Required Filings are outstanding, including the issuance of bi-weekly default
status reports in the form of a news release.
ISSUED ON BEHALF OF OPTEGRA VENTURES INC.
Paul Loudon
Chairman
Tel: +1604 681 4653
www.optegraventures.net
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.
Cautionary Statement Regarding "Forward-Looking" Information
This information release contains certain forward-looking information. Such information involves known and unknown
risks, uncertainties and other factors that may cause actual results; performance or achievements to be materially
different from those implied by statements herein, and therefore these statements should not be read as guarantees of
future performance or results. All forward-looking statements are based on the Company's current beliefs as well as
assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to
risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings,
actual events may differ materially from current expectations. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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