Great Lakes Graphite Inc GLKIF

Cease Trade Order Revoked - Good News

[Ramore1]

IN THE MATTER OF GREAT LAKES GRAPHITE INC. REVOCATION ORDER Under the securities legislation of Ontario (Legislation) Background 1. Great Lakes Graphite Inc. (the Issuer) is subject to a failure-to-file cease trade order (the FFCTO) issued by the Ontario Securities Commission (the Principal Regulator) on March 6, 2019. 2. The Issuer has filed the periodic continuous disclosure documents required under the Legislation. Interpretation Terms defined in National Instrument 14-101 Definitions and National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions have the same meaning if used in this order, unless otherwise defined. Order 3. The Principal Regulator is satisfied that the order to revoke the FFCTO meets the test set out in the Legislation for the Principal Regulator to make the decision. 4. The decision of the Principal Regulator under the Legislation is that the FFCTO is revoked. DATED at Toronto this 8 th day of March, 2019. Ontario Securities Commission “Michael Balter” Michael Balter Manager Corporate Finance Branch

[Luckierjack]

I find it hard to call this good news.  They should never been halted but for managements failure to file financial statements on time.  As for for the 5 cent financing, I wish them the best of luck.  LJ

[Dadou]

Ramore 1 : Where did you find that information? Can you share the link? I can't find it Thanks! Dadou

[Ramore1]

https://cto-iov.csa-acvm.ca/SearchArticles.asp?Instance=101&Form=1&Attr7=1&Attr3=1&am

[Dadou]

Tanks Ramore1 Dadou REVOCATION ORDER Under the securities legislation of Ontario (Legislation) Background 1. Great Lakes Graphite Inc. (the Issuer) is subject to a failure-to-file cease trade order (the FFCTO) issued by the Ontario Securities Commission (the Principal Regulator) on March 6, 2019. 2. The Issuer has filed the periodic continuous disclosure documents required under the

[Luckierjack]

So if I read that correctly, they decided to revoke the cease trade order over a week ago.   Yet here we sit, still halted.  Any thoughts on this.  Thanks. 

[Dadou]

[Ramore1]

Below it speccifically says it will not trade even if the order is revoked. 2019-03-07 16:13 ET - Cease Trade/Suspend Company   A cease trade order has been issued by the Ontario Securities Commission on March 6, 2019, against Great Lakes Graphite Inc., for failing to file its audited annual financial statements, the management's discussion and analysis relating to the audited

[iamburt2]

It is amazing how supposedly smart people with accountants and CFO"s can't even get paper work done in time.  Watch for this private company being sold to private interests.  (Part of the plan they don't talk aboult.}