(TheNewswire)
V A N C O U V ER , B C - TheNewswire – April5, 2021. Cache Exploration Inc. (the “ Company ” or “ C ache ” ), (TSXV:CAY) , a nnou n ce s that further to its news releases dated January 29, 2021 andFebruary 22, 2021 (the “ Default Announcements ”) the Company’sprincipal regulator, the British Columbia Securities Commission (the“ BCSC ”) granted a management cease trade order (the“ MCTO ”) on January 29, 2021, under National Policy 12-203 Management CeaseTrade Orders .
The Company now discloses thatthe filings of the Company’s annual auditedfinancial statements for the year ended September 30, 2020, includingthe related management’s discussion and analysis (the“ Audited Annual FinancialStatements ”), were not filed on or before thedeadline of March 29, 2021 .
As a result, the British Columbia Securities Commission (the “ BCSC ”) issued a ceasetrade order (the “ CTO ”) against the Company and securitieshave been halted from trading on the TSX Venture Exchange(“ TSXV ”), effective March 31, 2021.
The Company has now filed its Audited Annual FinancialStatements along with the related Management Discussion and Analysis. Additionally, the Company has now filed its outstanding interim(quarterly) financial statements and related Management Discussion andAnalysis for the period ended December 31, 2020 (together, the “ Q1 Financials ”). The Q1 Financials were due to be filed on or before March 1, 2021but were delayed pending the completion of the annual filing.
Management expects that the CTO and MCTO issued by theBCSC on will be revoked in the near future.
Upon revocation of the CTO and MCTO by the BCSC, theCompany will then apply for reinstatement of trading on the TSXV,which as a result of the CTO halted trading in the Company’s commonshares. The process of seeking reinstatement by the TSXV will beginas soon as possible and the Company will issue a further news releasewith respect to the expected timing of the reinstatement process indue course.
On b e h a l f o f t h e B oa r d of D i rect o r s,
“ JackBal ”
Chief Executive Officer
Tel.: 1 -604-306-5285
FORWARD LOOKINGSTATEMENTS : This press release containsforward-looking statements, which address future events andconditions, which are subject to various risks and uncertainties. TheCompany’s actual results and financial position could differmaterially from those anticipated in such forward-looking statementsas a result of numerous factors, some of which may be beyond theCompany’s control. These factors include: revocation of the CTO andMCTO, results of exploration activities and development of mineralproperties, fluctuations in the marketplace for the sale of minerals,the inability to implement corporate strategies, the ability to obtainfinancing, currency fluctuations, general market and industryconditions and other risks disclosed in the Company’s filings withCanadian Securities Regulators.
Forward-looking statements are based on theexpectations and opinions of the Company’s management on the datethe statements are made. The assumptions used in the preparation ofsuch statements, although considered reasonable at the time ofpreparation, may prove to be imprecise and, as such, undue relianceshould not be placed on forward-looking statements. The Company expressly disclaims any intention or obligationto update or revise any forward-lookingstatements whether as a result of new information, future events orotherwise unless required by applicable securities law.
N e it h e r T S X V e n t u r e E xc ha n g e n o r its R e g u l a ti o n S erv i ce s P r o v i d e r ( a s t ha t t er m is d e f i n e d in t h e p o li c i e s o f t h e T S X V e n t u r e E xc ha n g e ) a cce p ts res p o n s i b i lity f o r t h e ad e q u a c y o r a cc u r a c y o f t h is re l e a se .
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