PNN:CC - Pambili Announces Cease Trade Order Due to Filing Delay, Actively Pursuing Resolution
(TheNewswire)
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CALGARY, Canada – TheNewswire - (July 6 , 2025)— In its May 8, 2025, news release, Pambili Natural ResourcesCompany (“Pambili” or the “Company”) (TSXV: PNN) announcedthat it had been granted a management cease trade order (the"MCTO"). Today, the Company reports that the AlbertaSecurities Commission (the “ASC”) has revoked the MCTO and issueda failure to file cease trade order (“FFCTO”), prohibiting thetrading of the Company’s securities in Canada, including on the TSXVenture Exchange (the “TSXV”).
The FFCTO was issued because the Company did not fileits audited annual financial statements, management’s discussion andanalysis, and related CEO and CFO certifications for the year endedDec. 31, 2024 (the “Required Filings”) by the April 30, 2025,deadline. As a result, the Company is also unable to file its interimfinancial statements for the three months ended March 31, 2025 (the“Interim Statements”).
The audit has not yet formally commenced. As announcedin our June 23, 2025, release, Pambili is actively seeking additionalfunding to cover working capital needs, including the audit cost, viaa non-brokered private placement (“NBPP”). The Company willimmediately apply for a partial FFCTO revocation to close the firsttranche of this financing as soon as possible.
Upon securing the necessary funds, the Company willwork with its auditor to schedule the audit. Based on priordiscussions, the audit is expected to be completed withinapproximately 30 days after it begins.
Pambili remains fully committed to resolving thismatter and filing its outstanding financial reports as soon asreasonably possible. The Company aims to complete the Required Filingsand Interim Statements within the next 45 days and will provide timelyupdates as progress is made.
About Pambili Natural ResourcesCompany: Pambili Natural Resources Company is anatural resources exploration and development company ( www.pambilinrc.com ) currently active in Zimbabwe.
For further information,contact:
Pambili NaturalResources Company
T : 403 2774421
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Caution Regarding Forward-Looking InformationForward-looking statements - Certain information set forth in thisnews release may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often, but not always, identified by words such as“believes”, “may”, “likely”, “plans”, or similarwords. Forward- looking statements included in this news releaseinclude statements with respect to activities in Zimbabwe. Theseforward-looking statements are subject to numerous risks anduncertainties, certain of which are beyond the control of the Company,including, but not limited to the impact of general economicconditions, industry conditions, currency fluctuations, and dependenceupon regulatory approvals. The Company does not assume any obligationto update the forward-looking statements to reflect changes inassumptions or circumstances other than as required byapplicable law.
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