Western Magnesium Corp V.WMG.H

Ed Lee clarifies the Cease Trade Order of March 6, 2023.

[KonnectTheDots]

Hi Ed Lee,

Thank you for clarifying the reason for the cease trade order of March 6 2023.

Wednesday February 28 2024 marks the one year aniversary of the prescribed now well overdue filing deadline.

Can you please give your loyal shareholders an update regarding the status of the audit of the financial statements as well as what has been achieved project and company wise in the last year?

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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''The Company submitted its financial statements to the audit firm in mid-February''
As a jesture of good faith please give us the name of the audit firm as you have done in previous years as it has been over a year now which is much longer that this should take leading to speculation that this has not even begun.
Is the statement you made in the above news release true?
Have the financial statements been filed as you have attested to?
Please give the name of the audit firm so it can be confirmed with them.

WASHINGTON, D.C. – TheNewswire – June 13, 2022 – Western Magnesium Corporation (TSXV:WMG.V); (Frankfurt-3WM); (OTC:MLYF) (“Western Magnesium” or the “Company”) announces that the Board of Directors has elected to change the Company auditor from Dale Matheson Carr-Hilton LaBonte LLP (“DMCL”) to WithumSmith+Brown, PC (“Withum”).
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Feel free to give as much detail as possible.
Very much looking forward to hearing from you about all the exciting progress made regarding all your extremely positive previous news releases and what has been done since the last one.
Thank you in advance!

[AucontraireII]

KTD, I remember listening to one of the show and tell videos they made where Ed made the comment that he personally had delivered two highly specialized and long lead time valves across Alberta to make sure that they didn't get lost in the mail because if they did the pilot plant and thus the entire project could be delayed for more than a year.  Well here we are.  Maybe the

[KonnectTheDots]

Not sure where Goolie is but he better be working on his tax returns because they're coming due soon.  He tends to 'forget'. 

[zembala]

He is gone for sure. Not responsible. We better vote him out.

[AucontraireII]

Zembala, great idea but the question is:  is there still something to vote him out of?   I think we are shutting the barn door after the horse has left.   It looks pretty caput to me.

[KonnectTheDots]

Zembala, You better convince Bigrig and his merry band of  'REAL SHAREHOLDERS' as they have and undying loyalty to Ed and the world class team that they have assembled.  They will vote to accept all resolutions and decisions that the board makes even if the company is no longer in business, they will vote for them. You have to commend this type of commitment and belief. 

[stockprobe19]

This is worth reposting thank you KTD  Post by Bigrig16on Mar 06, 2023 11:47am 311 Views   Post# 35321459   Good day In your post you asked why I would say that the real shareholders will have spoken when the results of the annual meeting retain the current board of directors and personnel. It is simple really, real

[KonnectTheDots]

This post has been removed in accordance with Community Policy

[KonnectTheDots]

Comment by stockprobe19on Mar 04, 2024 9:47am 69 Views  Post# 35912980 RE:RE:RE:RE:RE:Ed Lee clarifies the Cease Trade Order of March 6, 2023. This is worth reposting thank you KTD  Stockprobe. Post by stockprobe19on Apr 07, 2023 2:27pm 372 Views  Post# 35384795 Found Ed Lee! Exactly where he

[AucontraireII]

Yup ktd, I sure get it.  I am afraid we will be left to wonder about this company in the coming years, what happened, did ANYTHING happen, was there ever a technology for real, why make all these promises other than just to simply garner interest to keep salaries pouring in ....etc etc.   I can't imagine any more press releases. What would they be willing to tell us? They've

[zembala]

What I have been told is not a reality. Nothing positive going on. 

[KonnectTheDots]

So Zembala, is what you are saying is that what your were told previously you have found out to be untrue? ie. "What I have been told is not a reality. Nothing positive going on" Can you tell us what you have been told (by whom) and why you now believe it is not reality? In your second post you did say there was good and bad. Something must have changed your mind. Comment by

[zembala]

They don't have enough money to practice what their plan. Just try to tell us their plan that is never going to happen.