VANCOUVER, BC – February 12, 2025
TheNewswire – ESGold Corp. (CSE: ESAU | OTCQB: SEKZF | FWB:)
ESGold Corp. is addressing a recent review by the British Columbia Securities Commission regarding non-compliant reporting. The Company released a news statement indicating that certain reporting discussed in a news release from November 12, 2024, did not have the necessary support of a NI 43-101 Technical Report. As a result, investors are advised not to rely on the preliminary economic assessment until a compliant technical report is filed on SEDAR+.
The Company had initially intended to provide an update on changes in the resource market and how they would impact the results of a historic Preliminary Economic Assessment. However, without the context provided in an updated NI 43-101 Technical Report, this information may have been misleading to readers. ESGold Corp. has taken steps to remove the non-compliant disclosure from its website and withdraw it entirely, acknowledging the importance of accurate and compliant reporting.
It is crucial for investors to have access to reliable and verified information when making decisions about their investments. ESGold Corp.’s commitment to rectifying this issue demonstrates their dedication to transparency and compliance with industry regulations.
Effects on Individuals:
Individual investors may be impacted by the retraction of non-compliant reporting from ESGold Corp. It serves as a reminder of the importance of due diligence and verifying information before making investment decisions. This incident reinforces the need for transparency and compliance within the industry to protect investors and maintain trust in the market.
Global Impact:
The retraction of non-compliant reporting by ESGold Corp. underscores the significance of accurate and compliant reporting practices on a global scale. Ensuring that companies provide reliable and verifiable information is essential for maintaining trust in the financial markets and protecting investors worldwide. This incident highlights the importance of regulatory oversight and adherence to industry standards to uphold the integrity of the market.
Conclusion:
ESGold Corp.’s response to the non-compliant reporting issue emphasizes the importance of transparency and compliance within the industry. By addressing this issue promptly and taking corrective actions, the Company is demonstrating its commitment to providing accurate and reliable information to investors. This incident serves as a reminder of the need for diligence and accountability in financial reporting to maintain trust and integrity within the market.
