Subject: Good Gamer Entertainment - July 31 NR
Word Document
File: '\\swfile\EmailIn\20250731 150146 Attachment 2025_07_31 GOOD NR Receipt of MCTO.docx'
Good Gamer Announces Grant of Management Cease Trade Order
VANCOUVER, BRITISH COLUMBIA - (July 31, 2025) - Good Gamer Entertainment Inc. (TSXV: GOOD, OTCQB: GGAMF) (the "Company") announces that it has made an application to the British Columbia and Alberta Securities Commission to approve a temporary management case trade order ("MCTO") under National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"), which will prohibit trading securities by the Company by the Chief Executive Officer and Chief Financial Officer of the Corporation until such time as the Required Filings (defined below) and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted. During the period in which the MCTO is effective, the general public, who are not insiders of the Company, will continue to be able to trade in the Company's listed securities. The MCTO has been granted on July 30, 2025.
The Company made the application for the MCTO as it expected that it will be unable to file its audited financial statements for the year ended March 31, 2025, and the management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for this period (collectively, the "Required Filings") before the July 29, 2025 filing deadline.
The Company and the auditor have noticed a delay in progress of the audit as additional time is required to complete the audit for two financial years ended March 31, 2025 and 2024 due to the lack of financial resources to commence the audit at an earlier date. As such, the Company is concerned that the Annual Filings might not be filed on time.
The Company anticipates that it will be in a position to remedy the default by filing the Required Filings on or before September 29, 2025. The MCTO will be in effect until the Required Filings are filed.
During this MCTO, all management, officers and directors of the Company will be prohibited from trading in the Company's securities pursuant to the Company's black-out procedures.
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.
About Good Gamer Entertainment Inc.
Good Gamer Entertainment Inc. (TSXV: GOOD, OTCQB: GGAMF) is a forward-thinking technology company dedicated to innovating and utilizing AI in technology. With a focus on developing cutting-edge solutions, Good Gamer is committed to enhancing how businesses engage with their audiences and data.
For further information, please contact:
Nicole Payawal
Corporate Development
Email: info@goodgamer.gg
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Resulting Issuer undertakes no obligation to publicly update or revise forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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