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Bullboard - Stock Discussion Forum
Newlox Gold Ventures Corp
C.LUX
Alternate Symbol(s):
NWLXF
Newlox Gold Ventures Corp. is a Canada-based environmental reclamation and mineral recovery company. The Company is engaged in the business of operating tailings remediation and gold recovery facilities in Costa Rica. The Company is focused on developing gold projects through precious metals recovery from mining waste. The Company produces gold through environmental remediation by recovering...
residual precious metals and contaminants from historical tailings. The reclamation process is designed to provide environmental remediation and gold production. The Company’s wholly owned subsidiary, Oro Roca, S.A., has built an environmental reclamation facility in Central America.
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CSE:LUX - Post Discussion
Newlox Gold Ventures Corp
> Sent an email to the company
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(125)
•••
Yepnewpapy
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Post by
Yepnewpapy
on Nov 04, 2024 3:52pm
Sent an email to the company
No reply
After 3 monhs it might be more than late financials
Mabe be there is something happening in Costa Rica
It could be a good time to contact the BC securities Commission resposible for the cease trading :
https://www.bcsc.bc.ca/about/contact-us
Phone: 604-899-6854 or 1-800-373-6393 (toll free across Canada)
Email:
inquiries@bcsc.bc.ca
GLTA
(46)
•••
brewster123
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Comment by
brewster123
on Nov 04, 2024 4:35pm
I have sent emails to Ryan on two separate occasions since the CTO and both times received a response from him within 24 hours - see below: Thank you for your interest in Newlox Gold. Yes, we are very frustrated with the delay in filing the annual audit. Management has been working closely with the Company’s independent auditing firm to expedite the filing. The auditors have
...more
(2026)
•••
lscfa
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Comment by
lscfa
on Nov 04, 2024 6:18pm
Many co.s having delays this year. It may have something to do with new rules that require auditors to do an audit of the co's fins as well as an audit of the co's ICFR. I think a lot of these smaller co's have inadequate ICFR and must update their systems before the auditor will sign off. ICFR stands for Internal Control over Financial Reporting. It's a set of policies
...more
(46)
•••
brewster123
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Comment by
brewster123
on Nov 04, 2024 7:14pm
It would be better if that was part of the explanation - but this is the third time in the last 5 years that they have been issued a CTO for failing to file financials on time.
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