August 19, 2024 6:52 PM EDT | Source: Peruvian Metals Corp.
Edmonton, Alberta–(Newsfile Corp. – August 19, 2024) – Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) (“Peruvian Metals” or the “Company“), a Canadian exploration and mineral processing company with operations in Peru, is issuing its second bi-weekly default status report in compliance with National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“).
The Company had applied for a management cease trade order (“MCTO“) with the Alberta Securities Commission (“ASC“) on July 22, 2024, due to the delay in filing its audited annual financial statements for the year ended March 31, 2024, along with related management discussion and analysis and CEO and CFO certificates (collectively, the “Required Documents“) by the prescribed filing deadline (the “Original Announcement“). At that time, the Company anticipated filing the Required Documents by August 16, 2024. The MCTO was issued on July 30, 2024, and it prohibits the Chief Executive Officer and Chief Financial Officer from trading in securities of the Company until two full business days after the ASC receives all necessary filings required under Alberta securities law (including the Required Documents). The MCTO does not impact the ability of other shareholders, including the public, to trade in the Company’s securities. In its first bi-weekly status update on August 7, 2024, the Company had indicated that it expected to file the Required Documents by August 30, 2024.
As of the current date, the Company still anticipates filing the Required Documents by August 30, 2024.
The Company affirms that, since the Original Announcement: (i) there have been no significant changes to the information outlined in the Original Announcement, apart from what has been previously disclosed; (ii) the Company has not failed to fulfill its intentions regarding the provisions of the alternative information guidelines in NP 12-203; (iii) there have been no other specified defaults by the Company under NP 12-203; and (iv) there is no other undisclosed material information concerning the Company’s affairs.
The Company commits to continuing to comply with the alternative information guidelines specified in NP 12-203 as long as it remains in default of the requirement to file the Required Documents.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. The primary business model is to offer toll milling services for clients and produce high-grade sulphide concentrates from mineral purchases. Additionally, the Company is actively acquiring and developing precious and base metal properties in Peru.
For more information about Peruvian Metals Corp., please visit www.peruvianmetals.com.
Peruvian Metals Corp. is a Canadian resource company listed on the TSX Venture Exchange: Symbol “PER,” and the OTCQB Venture Market: Symbol “DUVNF.”
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information:
Some statements made in this press release may constitute “forward-looking information,” “future oriented financial information,” or “financial outlooks” (collectively, “forward-looking information“) within the meaning of applicable securities laws. Forward-looking information often involves risks, uncertainties, and other factors that could cause actual results to differ from the expressed or implied information. Readers should exercise caution when relying on such information. The Company cautions that the forward-looking information is current as of the date of publication and is based on reasonable estimates and assumptions made by the Company at that time.
Readers are advised to carefully consider the risks, uncertainties, and assumptions associated with the forward-looking information and should not overly rely on such information. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws in Canada.
For a comprehensive list of factors that could affect the Company, readers are encouraged to review the public documents available under the Company’s profile on SEDARPLUS at www.SEDARPLUS.ca.
To access the original source of this press release, please visit https://www.newsfilecorp.com/release/220506
