(TheNewswire)
Vancouver, British Columbia – TheNewswire - January 5, 2023. G2 Energy Corp. (CSE:GTOO ) , ( FKN:UD9) (the " Company " or " G2 ") is pleased to announce that effectiveJanuary 4, 2023, the management cease trade order (" MCTO ") issued bythe Company's principal regulator, the British Columbia SecuritiesCommission (" BCSC ") on October 31, 2022 under NationalPolicy 12-203 Management Cease Trade Orders (" NP 12-203 ") hasbeen revoked, as the Company has now successfully completed allfilings related to its annual and interim financial statements.Revoking the MCTO means members of management are no longer preventedfrom trading the Company's common shares.
The MCTO had been issued in connection to the failureof filing the Company's audited annual financial statements for theyear ended June 30, 2022, accompanying management's discussion andanalysis, related CEO and CFO certifications, AB and ON Form13-501F1's - Class 1 and 3BReporting Issuers Participation Fee , and Forms51-101 F1, F2 and F3 - Oiland gas annual disclosure filings (together, the" AnnualFilings "), which were originally due to befiled on October 28, 2022.
As previously announced, the Company's auditors, DaleMatheson Carr-Hilton Lebonte LLP (" DMCL "), requiredmore time to complete the audit as the Annual Filings were morecomplex than previous years. This was due in part to the Companyundergoing a change of business to an oil and gas company thatoccurred in June 2022.
As a result of circumstances reasonably linked to theCompany's delay in filing the Annual Filings, in addition, the Companywas not able to meet the deadline for filing its interim unauditedfinancial statements for the three-month period ended September 30,2022, accompanying management's discussion and analysis and relatedcertifications (together, the " Interim Filings "). As a result of the Company's delay in preparing theAnnual Filings, the Interim Filings could not be properly completed bythe filing deadline of November 29, 2022.
G2 is now currently up-to-date in all of its requiredcontinuous disclosure filings, including the Annual Filings andInterim Filings, which are available for review under G2's profile onSEDAR at wwww.sedar.com.
The Company remains committed to timely financialtransparency and wishes to thank its shareholders, auditors and theBCSC, for their continued trust.
On Behalf of the Board,
“ Sam Wong ”
Sam Wong
CFO
About G2 EnergyCorp.
G2 Energy Corp. is a profitable junior oil and gasproducer listed on the CSE exchange. It's primary focus is to acquireand develop additional overlooked, low risk, high return opportunitiesin the oil and gas sector. G2's strategy is to obtain a portfolio ofrisk-managed production and development opportunities onshore, U.S.A.In May 2022, G2 acquired the Masten Unit in the Permian Basin, Texas.The Masten Unit is the Company's first producing asset. G2 istargeting top tier projects with operating netbacks and infrastructurefacilities which will fast track overall oil and gas productiongrowth.
The Canadian Securities Exchange hasneither approved nor disapproved the information containedherein.
Forward Looking StatementsCaution
Statements in this press releaseregarding the Company which are not historical facts are“forward-looking statements” that involve risks and uncertainties.Such information can generally be identified by the use offorwarding-looking wording such as “may”, “expect”,“estimate”, “anticipate”, “intend”, “believe” and“continue” or the negative thereof or similar variations. Sinceforward-looking statements address future events and conditions, bytheir very nature, they involve inherent risks and uncertainties. The Company providesforward-looking statements for the purpose of conveying informationabout current expectations and plans relating to the future,including expectations forthe effects of the change of business of G2 to oil andgas, and readers arecautioned that such statements may not be appropriate for otherpurposes. By its nature, this information is subject to inherent risksand uncertainties that may be general or specific and which give riseto the possibility that expectations, forecasts, predictions,projections or conclusions may not prove to be accurate, thatassumptions may not be correct and that objectives, strategic goalsand priorities may not be achieved. These risks and uncertaintiesinclude but are not limited those identified and reported in theCompany’s public filings under the Company’s SEDAR profile atwww.sedar.com. Statementsrelating to “reserves” are also deemed to be forward-lookingstatements, as they involve the implied assessment, based on certainestimates and assumptions, that the reserves described exist in thequantities predicted or estimated and that the reserves can beprofitably produced in the future. Actual results could differ materiallyfrom those currently anticipated due to factors such as: the performance of wells, the availabilityand performance of facilities and pipelines, the geologicalcharacteristics of G2's properties, prevailing weather and break-upconditions, commodity prices, price volatility, price differentialsand the actual prices received for the Company’s products, royaltyregimes and exchange rates, the application of regulatory andlicensing requirements, the availability of capital, labour andservices, the creditworthiness of industry partners, and G2’sability to acquire additional assets. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially.
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