(TheNewswire)
Vancouver, B.C. – TheNewswire - October 13, 2022? Crest Resources Inc. (CSE:CRES) (the “Company” or “Crest”) is providing an updateto its previously disclosed management cease trade order(“ MCTO ”), initially announced on September 29, 2022, in respectof the audited annual financial statements and correspondingmanagement’s discussion and analysis for the year ended May 31,2022, including the CEO and CFO certifications (collectively, the" 2022 AnnualFilings ") that were due September 28, 2022(the “ FilingDeadline ”). The Company is providing itsbi-weekly default status update in accordance with National Policy12-203 – Management CeaseTrade Orders (“ NP 12-203 ”).
As previously disclosed, the 2022 Annual Filings werenot filed on or before the Filing Deadline due to the delay in thecompletion of the audit of the Company’s financial statements beforethe Filing Deadline. The Company is working closely with the auditorto finalize the audit and expects to file the 2022 Annual Filings nolater than October 28, 2022.
The MCTO will be in effect until the 2022 AnnualFilings are filed or November 28, 2022 if not filed by then (followingwhich a cease trade order would be issued). Until the 2022 AnnualFilings are filed, the Company intends to issue bi-weekly statusreports in accordance with NP 12-203. The Company confirms that thereis no other material information relating to its affairs that has notbeen generally disclosed.
FOR FURTHER INFORMATIONCONTACT:
Jason Cubitt
Chief Executive Officer
Telephone: 778 819 2709
Contact: jcubitt@crestresourcesinc.com
Neither the Canadian SecuritiesExchange nor its Regulation Service Provider (as the term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy of accuracy of this newsrelease.
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