Element79 Gold: BCSC Lifts Management Cease Trade Order
Vancouver, BC – March 6, 2025 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (“Element79 Gold” or the “Company”), a leading gold exploration and development company, is thrilled to share some exciting news with its shareholders and the investing public. Effective March 5, 2025, the British Columbia Securities Commission (“BCSC”) has revoked the temporary management cease trade order (the “MCTO”) that had previously restricted the Company’s Officers, Board, and Insiders from trading in the Company’s securities.
Filing of Financial Statements
The BCSC’s decision comes after Element79 Gold filed its annual financial statements for the year ended August 31, 2024, along with the management’s discussion and analysis and related CEO and CFO certificates (the “2024 Filings”) on March 3, 2025. These documents were required to be filed on or before December 30, 2024.
Quarterly Financial Statements
Additionally, the Company filed its quarterly financial statements for the three months ended November 30, 2024, along with the management’s discussion and analysis and related CEO and CFO certificates (the “2025 Q1 Filings”) on March 3, 2025. These documents were also required to be filed.
Access to Filings
Copies of the filings are now available under the Company’s SEDAR+ profile at www.sedarplus.ca for review by interested parties.
Impact on Element79 Gold Shareholders
This development is a significant milestone for Element79 Gold and its shareholders. With the MCTO now lifted, Officers, Board Members, and Insiders are free to trade in the Company’s securities, which could potentially lead to increased liquidity and price stability in the market.
Impact on the Global Mining Industry
Beyond the direct impact on Element79 Gold and its shareholders, this news could also have broader implications for the mining industry as a whole. The lifting of the MCTO demonstrates the importance of timely and accurate financial reporting. It also highlights the role of regulatory bodies like the BCSC in maintaining investor confidence and ensuring the integrity of capital markets.
Conclusion
Element79 Gold’s successful filing of its financial statements and the subsequent lifting of the MCTO is a positive development for the Company and its shareholders. It also underscores the importance of transparency and accountability in the mining industry. As Element79 Gold continues to explore and develop its gold projects, it remains committed to keeping its stakeholders informed and maintaining the highest standards of financial reporting.
- Element79 Gold files overdue financial statements and lifts management cease trade order
- BCSC revokes MCTO effective March 5, 2025
- 2024 Filings and 2025 Q1 Filings now available under SEDAR+
- Impact on Element79 Gold shareholders: increased liquidity and price stability
- Impact on the mining industry: demonstrating importance of transparency and accountability
