Newlox Gold Ventures Corp C.LUX

Update on CTO....

[Renski]

Vancouver, BC – TheNewswire - 15 August 2022 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CNSX:LUX.CN) | (CSE:LUX) | (Frankfurt/Stuttgart:NGO) | (OTC:NWLXF) would like to provide an update on its full-year financial statements, which were not filed on the required day, resulting in a cease trade order issued by the British Columbia Securities Commission. Guidance from the Company’s independent auditing firm indicates that they should complete the audit imminently, and management expects the financial statements to be filed this week. The Company has not received any points of material concern from the auditors, and management is taking all measures to assist in the timeliest possible completion of this work.

Although the delayed financial statements are frustrating, Newlox Gold’s management team is highly encouraged concerning the Company’s outlook and progress being made in operations. The Company is poised to perform admirably over the coming months as it continues to increase gold sales and expand at new projects. Management believes that Newlox Gold is well positioned with a strong treasury, increasing productivity, rising revenues, and significant blue-sky opportunities at its expansion projects in Costa Rica and Colombia.

[brewster123]

OK - it's getting late in the week....let's get that CTO lifted please!

[Luckierjack2]

The CTO will be listed on when they file financial statements. Not before. 

[brewster123]

Yes - that's what I was implying....post the financials to get the CTO lifted.  This was promised last week but here we are on Monday and still no financials.

[nedstar71]

The fact that they still haven't filed financials even after last week's news release and haven't updated again is ludicrous. The company is clearly a gong show, the stock unownable, and shares should be trading below a nickel if the cease trade order is ever lifted.