Western Resources Corp. Announces Cease Trade Order
06 Marzo 2025 - 1:30AM
Western Resources Corp. (TSX:
WRX) ("
Western Resources" or the
"
Company") announces that its principal regulator,
the British Columbia Securities Commission (“the
“
BCSC”) issued a cease trade order
("
CTO") on March 4, 2025 under the securities
legislation of British Columbia.
The CTO was issued as a result of the Company's
delay in filing its annual information form, annual audited
financial statements and related management's discussion and
analysis, and certifications for the financial year ended September
30, 2024, as well as interim financial statements, management's
discussion and analysis, and certifications for the period ended
December 31, 2024 (the
"Required Filings").
Despite the CTO, a beneficial holder of a
security of the Company who is not, and was not as of the date of
the CTO, an insider or control person of the Company, may sell
securities of the Company acquired before the date of the CTO if
both of the following apply: (a) the sale is made through a
"foreign organized regulated market", as defined in section 1.1 of
the Universal Market Integrity Rules of the Investment Industry
Regulatory Organization of Canada; and (b) the sale is made through
an investment dealer registered in a jurisdiction of Canada in
accordance with applicable securities legislation.
The delay in filing the Required Filings was and
is due to the continued financial hardships. The Company is working
diligently to remedy this issue by securing additional capital to
complete the audit process so that it can file its Required Filings
as soon as possible.
"Wenye Xue"CEO and Director
For Further Information Contact:
Xiao XingE: xiao@westernresources.com.P: 306-924 9378
Cautions Regarding Forward-Looking
Statements
Except for statements of historical fact
relating to the Company, certain information contained herein
constitutes “forward-looking information” under Canadian securities
legislation. Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made
and they are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results of the Company to
be materially different from those expressed or implied by such
forward-looking statements or forward-looking information. Although
management of the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
information. The Company does not undertake to update any
forward-looking information that is set out herein, except in
accordance with applicable securities laws.
Grafico Azioni Western Resources (TSX:WRX)
Storico
Da Feb 2025 a Mar 2025
Grafico Azioni Western Resources (TSX:WRX)
Storico
Da Mar 2024 a Mar 2025