Mr. Jon Harris reports
PAMBILI PROVIDES BIWEEKLY MCTO STATUS UPDATE
Pambili Natural Resources Corp. is providing this biweekly update on the status of the management cease trade order (MCTO) issued on May 7, 2025, by its principal regulator, the Alberta Securities Commission, under National Policy 12-203, Management Cease Trade Orders.
In its news release dated June 11, 2025, the company provided clarification to its original application to the ASC for the MCTO due to a delay in filing its audited annual financial statements, and related management's discussion and analysis, and certifications, for the financial year ended Dec. 31, 2024.
As a result of the delay in making the required filings, the company was also unable to file its unaudited interim financial statements, related management's discussion and analysis, and chief executive officer and chief financial officer certifications for the three months ended March 31, 2025, which were required to be made no later than May 30, 2025.
The company now anticipates making the required filings, by Aug. 31, 2025, and the interim filings by Sept. 5, 2025.
The company confirms that since the date of the announcement: (i) there have been no material changes to the information contained in the announcement that would reasonably be expected to be material to an investor; (ii) there have been no failures by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203; (iii) there has not been, nor is there anticipated to be, any other specified default subsequent to the default that is the subject of the announcement; and (iv) there is no other material information concerning the affairs of the company that has not been generally disclosed.
The company remains committed to completing its financial reporting obligations, and confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue biweekly MCTO status reports until the company files the required filings on or before Aug. 31, 2025, and the interim filings by Sept. 5, 2025.
About Pambili Natural Resources Corp.
Pambili Natural Resources is a natural resources exploration and development company currently active in Zimbabwe.
We seek Safe Harbor.
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