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Cadillac Ventures Inc V.CDC.H

Alternate Symbol(s):  CADIF

Cadillac Ventures Inc. is primarily engaged in development-focused exploration . The Company operates in the mineral exploration segment in Canada. The Company holds an interest in the Burnt Hill tungsten and molybdenum project located in New Brunswick. The Company holds certain property interests in the Patricia Mining District, Ontario through the Company's wholly owned subsidiary, Cadillac Ventures Holdings Inc. The land holdings at the Thierry Mine Property are comprised of approximately 27 mining leases and over three unpatented mining claims.


TSXV:CDC.H - Post by User

Comment by Roddiggition Nov 12, 2021 1:12pm
269 Views
Post# 34120451

RE:ANYONE KNOW WHY THE HALT IN THE STOCK ??

RE:ANYONE KNOW WHY THE HALT IN THE STOCK ??Flubber, below is from Cadillac's last news release and it clearly outlines the reason for the CTO:

The delay in filing of the financial statements and MD&A is due to complications resulting from the Cadillac's recent amalgamation with KFG Resources Ltd. and due to the negative impact of the coronavirus pandemic. This resulted in an inability to travel to the United States to assist in the timely completion of the audit process for new U.S.-based subsidiaries. The recent acquisition of KFG resources also resulted in a requirement for an independent third party valuation of a subsidiary, KFG Petroleum, which is continuing but not yet complete. Cadillac anticipates this new valuation to be completed shortly and that filing of the company's financial statements will occur in a timely period.

While management does not consider this delay to constitute a material change or material information, management does recognize these financials will be the first Cadillac financials reflecting the positive income effect of Cadillac's acquisition of KFG Resources on May 3, 2021.

Once the 2021 annual filings are filed, the cease trade order will be revoked.

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