Vanguard Mining Announces Delay In Filing Annual Financial Statements
Vancouver - Vanguard Mining Corp. ("Vanguard" or the "Company") (CSE: UUU) (OTC: RECHF) (Frankfurt: SL5) announces that its annual financial statements for the year ended December 31, 2024, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Financial Filings") were not filed as required under Canadian securities legislation by the required filing deadline of April 30, 2025 (the "Filing Deadline"). The Annual Financial Filings were not filed before the Filing Deadline due to an unforeseen delay from the audit firm outside both the audit firm and the Company's control. As a result, the auditor cannot release the report until the review is completed.
The Company has applied to the applicable Canadian securities regulatory authorities and received a management cease trade order related to the Company's securities to be imposed against the Chief Executive Officer and Chief Financial Officer of the Company to trade securities of the Company. The management cease trade order will be in effect until the Annual Financial Filings are filed, and requires that the Annual Financial Filings be filed on or around July 20, 2025.
Until the Annual Financial Filings are filed, the Company intends to provide information in accordance with National Policy 12-203 Management Cease Trade Orders.
On Behalf of the Board of Directors,
"David Greenway"
David Greenway, CEO
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
| Forward-Looking Information: This news release includes certain statements that may be deemed "forward-looking statements". The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "would", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedarplus.ca. |
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