(TheNewswire)
Vancouver, B.C. – TheNewswire - November 11, 2022 ? Crest Resources Inc. (CSE:CRES) (the “Company” or “Crest”) is providing this updateon the status of a management cease trade order granted on September29, 2022 (the "MCTO") by the British Columbia SecuritiesCommission under National Policy 12-203 - Management Cease Trade Order("NP 12-203"). On September 29, 2022, the Company announcedthat, for reasons disclosed in the news release, there would be adelay in the filing of its financial statements and accompanyingmanagement's discussion and analysis for the fiscal year ended May 31,2022 (the "Annual Filings") beyond the period prescribedunder applicable Canadian securities laws (the "DefaultAnnouncement").
The Company is also progressing on the completion ofits interim financial statements and accompanying management'sdiscussion and analysis for the first quarter ended August 31, 2022.Further updates on timing will be provided by the Company asnecessary.
During the MCTO, the general investing public willcontinue to be able to trade in the Company's listed common shares.However, the Company's Chief Executive Officer and Chief FinancialOfficer will not be able to trade in the Company's commonshares.
Other than as disclosed in this news release, there areno material changes to the information contained in the DefaultAnnouncement. The Company confirms that it intends to satisfy theprovisions of NP 12- 203 and will continue to issue bi-weekly defaultstatus reports for so long as it remains in default of the AnnualFilings requirement.
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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