(TheNewswire)
Vancouver, BC - TheNewswire - July 14, 2023 - CaribooRose Resources Ltd. (“ CaribooRose ” or the “ Company ”) (TSX-V:CRB) i s providing a bi-weekly default status updatein accordance with National Policy 12-203 – Management Cease TradeOrders (“NP 12-203”)
In a press release dated June 29, 2023, the Companyannounced (the “Default Announcement”) that it submitted anapplication to the British Columbia Securities Commission (the“BCSC”), the Company’s principal regulator, for a managementcease trade order (“MCTO”) in connection with the Company’sdelay in filing its audited annual financial statements for the yearended September 30, 2022, and the management's discussion and analysisand related CEO and CFO certificates for the period (collectively, the“Required Annual Documents”) which were required to be filed on orbefore June 28, 2023.
The MCTO was issued by the BCSC on June 29, 2023. Itprevents the Company’s President and Chief Financial Officer fromtrading in the Company’s securities but does not affect the abilityof other shareholders, including the public, to trade in thesecurities of the Company.
Cariboo Rose remains confident in its ability tocomplete the Required Annual Documents and expects to file them assoon as they are available, but is looking at completion by or aboutAugust 18, 2023.
As a result of the late filing of the Required AnnualDocuments, the Company will not be in a position to file its financialstatements, management's discussion and analysis and related officercertifications for the three-month period ended May 31, 2023, beforethe prescribed deadline of July 31, 2023.
The MCTO remains ineffect until the Company files the Required Documents and the BCSC’sExecutive Director has revoked the MCTO. The Company confirms thatsince the date of the Default Announcement, other than as describedabove: (a) there has been no material change to the information setout in the Default Announcement that has not been generally disclosed;(b) there has been no failure by the Company in fulfilling its statedintentions with respect to satisfying the provisions of thealternative information guidelines set out in NP 12-203; and (c) thereis no other material information concerning the affairs of the Companythat has not been generally disclosed.
The Company confirms that it will continue to satisfythe provisions of the alternative information guidelines under NP12-203 by issuing bi-weekly default status reports in the form of newsreleases for so long as it remains delayed in filing the RequiredDocuments.
J.W. Morton, P. Geo.
President and CEO
Contact: (604) 681-7913 or Toll Free:888-656-6611
For more information, please visit Cariboo Rose’s website at www.cariboorose.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this news release.
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