Mr. Jay Freeman reports
VOLTAGE METALS CORP. ANNOUNCES APPROVAL OF APPLICATION FOR MANAGEMENT CEASE TRADE ORDER
Voltage Metals Corp.'s application for a temporary management cease trade order under National Policy 12-203 (Management Cease Trade Orders) has been granted by the Ontario Securities Commission, effective May 2, 2023.
As previously announced on April 19, 2023, the company applied for the MCTO on the basis that it would be unable to file its annual financial statements, management's discussion and analysis, and the required certifications on or before the prescribed filing deadline of May 1, 2023.
The company underwent a business combination transaction in its last financial year (the completion of which was previously announced on March 11, 2022), adding to the complexity of the audit of the issuer statements and contributing to the filing delay. The company's recent change of auditor has also contributed to the delay.
The MCTO prohibits trading in securities of the company by its chief executive officer and chief financial officer until the issuer statements are filed and the MCTO is lifted. While the MCTO remains in effect, the general public will continue to be able to trade in the company's listed securities.
The company expects to have the audit of the issuer statements completed no later than June 30, 2023.
The company confirms that it will satisfy the provisions of the alternative information guidelines set out under sections 9 and 10 of NP 12-203 until the issuer statements are filed.
About Voltage Metals Corp.
Voltage is a critical metal exploration and development company focused on Canadian projects near existing or past-producing mines.
We seek Safe Harbor.
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