Hello board, In reference to the company, WESTERN MAGNESIUM CORP. I am looking for the name of the audit firm referred to in the news release below, can anyone supply that? 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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It has been a year, I wonder if the CFO 'forgot' to send it in?
I have never heard of a financial audit taking this long or a company that others have stated that 'things are going as planned' and not put out a relevant news release for a year.
Is it just me being a silly goose for being concerned or is this totally and absolutely normal?
Bigrig,
You have been so informative and wonderfully helpful in the past and have stated that you have known Ed for years, be a dear and pop the audit firms name in a quick post just so we know things are legit as something seems to be seriously amiss.
Stockprobe,
Feel free to repost this too, really awesome to have you boys on board!
Lets hear more from you guys about how fantastic is the progress that this company has made and how bright it's future is (just remember to stay 'on topic')
Just call the company and let us know.
And maybe ask them to put out a progress update, tell us when the next AGM is if they are not too busy.
NOT LONG NOWWWWWWWWWWWWWWWWWW...!!!