Ed Lee clarifies the Cease Trade Order of March 6, 2023. Hi Ed Lee, Thank you for clarifying the reason for the cease trade order of March 6 2023.
Wednesday February 28 2024 marks the one year aniversary of the prescribed now well overdue filing deadline.
Can you please give your loyal shareholders an update regarding the status of the audit of the financial statements as well as what has been achieved project and company wise in the last year? WASHINGTON, D.C. – TheNewswire - March 17, 2023 – Western Magnesium Corporation (WMC) (TSXV:WMG.V); (Frankfurt:3WM); (OTC:MLYF) (“Western Magnesium” or the “Company”) clarifies the Cease Trade Order (“CTO”) dated March 6, 2023.
The Company submitted its financial statements to the audit firm in mid-February. Since that time, Western Magnesium has been waiting for the review to be completed by the auditor. This delay is caused by the transition to the current audit firm.
The CTO will remain in place until such time as the audited annual financials are filed by the Company.
The British Columbia Securities Commission (the "BCSC") issued a general "failure to file" cease trade order pursuant to National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions (the "CTO") dated March 6, 2023 with respect to the securities of the Company as a result of the Company’s inability to file its audited financial statements for the year ended October 31, 2022, the related management's discussion and analysis and CEO and CFO certificates (collectively, the "Annual Filings") by the prescribed deadline of February 28, 2023.
On behalf of the board of directors,
“Ed Lee”
Ed Lee
Executive Chairman
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''The Company submitted its financial statements to the audit firm in mid-February''
As a jesture of good faith please give us the name of the audit firm as you have done in previous years as it has been over a year now which is much longer that this should take leading to speculation that this has not even begun.
Is the statement you made in the above news release true?
Have the financial statements been filed as you have attested to?
Please give the name of the audit firm so it can be confirmed with them.
WASHINGTON, D.C. – TheNewswire – June 13, 2022 – Western Magnesium Corporation (TSXV:WMG.V); (Frankfurt-3WM); (OTC:MLYF) (“Western Magnesium” or the “Company”) announces that the Board of Directors has elected to change the Company auditor from Dale Matheson Carr-Hilton LaBonte LLP (“DMCL”) to WithumSmith+Brown, PC (“Withum”).
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Feel free to give as much detail as possible.
Very much looking forward to hearing from you about all the exciting progress made regarding all your extremely positive previous news releases and what has been done since the last one.
Thank you in advance!