Ed Lee, come out come out where ever you are. Shareholders want an update.
1. When will this be trading again?
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