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Teras Announces Delay in Filing of Annual Filings and Application for Management Cease Trade Order

Teras Announces Delay in Filing of Annual Filings and Application for Management Cease Trade Order

Teras宣佈延遲提交年度文件和管理層停止交易令申請
newsfile ·  2023/09/16 09:25

Calgary, Alberta--(Newsfile Corp. - September 15, 2023) - Teras Resources Inc. (TSXV: TRA.V) ("Teras" or the "Company"), announces that as a result of delays in the completion of its audit, the Company will be unable to meet the filing deadline of September 28, 2023, for filing of the following continuous disclosure documents (collectively, the "Annual Filings"):

卡爾加裡,艾伯塔省-(Newsfile Corp.-2023年9月15日)-Teras Resources Inc.(TSXV:TRA.V)(“Teras“或”公司“)、宣佈,由於延遲完成審計,本公司將無法在2023年9月28日的提交截止日期前提交以下持續披露檔案(統稱為“年度提交檔案“):

  • the Company's Annual Audited Financial Statements for the year ended May ‎‎31, 2023, ‎as required by section 4.2 of National Instrument 51-102 - Continuous Disclosure ‎‎Obligations ("NI 51-102");‎
  • the Company's Management Discussion & Analysis for the year ended May ‎‎31, 2023, ‎as required by section 5.1(2) of NI 51-102; and
  • the certification of the annual filings for the year ended May 31, 2023.
  • 公司截至2023年5月31日的年度經審計財務報表,‎‎‎根據國家文書51-102第4.2節的要求-持續披露‎‎義務(“NI 51-102“);‎
  • 公司截至2023年5月31日的管理討論和分析,符合NI 51-102第5.1(2)節的要求,‎‎‎;以及
  • 截至2023年5月31日的年度備案證明。

The delay is a result of insufficient funds in Teras resulting in the Auditor of Teras not completing the Audit of the Annual Financial Statements in time to meet the filing deadline.

造成延遲的原因是Teras的資金不足,導致Teras的審計員未能及時完成年度財務報表的審計工作,趕不上提交報告的最後期限。

In response to the Annual Filings delay, the Company has applied to the Alberta Securities Commission for a management cease trade order ("MCTO") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") that will prohibit the management of the Company from trading in the securities of the Company until such time as the Annual Filings are filed. No decision has yet been made by the Alberta Securities Commission on this application. The Alberta Securities Commission may grant the application and issue the MCTO or it may impose an issuer cease trade order if the Annual Filings are not filed in a timely fashion.

為回應年度申報延遲,本公司已向艾伯塔省證券委員會申請管理層停止交易令(“MCTO“)根據國家政策12-203--管理停止貿易令(”NP 12-203“),這將禁止公司管理層在年報提交之前交易公司的證券。艾伯塔省證券委員會尚未就這一申請做出決定。艾伯塔省證券委員會可能批准申請併發布MCTO,或者如果年報沒有及時提交,它可能會強制發行人停止交易命令。

The Company continues to work to complete the Company's annual financial statements, and expects to file the Annual Filings by October 29, 2023, and will issue a news release once the Annual Filings have been filed. Teras has made all efforts and allocated all available resources to the preparation, completion and filing of the Annual Filings. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports, in the form of news releases, for so long as the Annual Filings have not been filed.

公司繼續努力完成公司的年度財務報表,預計在2023年10月29日之前提交年度報告,並將在年度報告提交後發佈新聞稿。Teras為編制、完成和提交年度檔案作出了一切努力,並分配了所有可用的資源。在公司提交年報之前,它將遵守NP 12-203中規定的替代資訊指南。除其他事項外,指導方針還要求公司在年度申報檔案尚未提交的情況下,以新聞稿的形式發佈每兩周一次的違約狀態報告。

Until the ‎Company has filed the Annual Filings, members of the Company's management and other insiders are subject to an insider trading black-out policy as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File ‎Cease Trade Orders and Revocations in Multiple Jurisdictions. The Company confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on April 24, 2023, of the Company's ‎interim financial reports for the period ended February 28, 2023‎. There are no insolvency proceedings involving the Company.

在‎公司提交年報之前,公司管理層成員和其他內部人士根據其內部內幕交易政策遵守內幕交易禁止政策,該政策與國家政策11-207第9節的原則一致-在多個司法管轄區未能提交‎停止交易令和撤銷。本公司確認,除先前新聞稿及重大變動報告所披露的外,自本公司於2023年4月24日提交截至2023年2月28日的‎中期財務報告以來,並無重大業務發展。並無涉及本公司的破產程式。

About Teras

關於Teras

Teras's main project is its Cahuilla project located in Imperial County, California.

Teras的主要專案是位於加利福尼亞州帝國郡的Cahuilla專案。

For further project and corporate information, contact:

欲瞭解更多專案和公司資訊,請聯繫:

Teras Resources Inc.
Peter Leger, Director
(403) 262-8411
(403) 852-0644
Email: pleger@teras.ca
Website:

Teras Resources Inc.
彼得·萊格,董事
(403)262-8411
(403)852-0644
電子郵件:pleger@teras.ca
網站:

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所創業板交易所及其監管服務提供商(該術語由多倫多證券交易所創業板政策定義)均不對本新聞稿的充分性或準確性負責

Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the filing of the Annual Filings, including the timing for the filing of the Annual Filings; and the application for a MCTO in respect of Teras. ‎There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Teras's current beliefs and is based on information currently available to Teras and on assumptions Teras believes are reasonable. These assumptions include, but are not limited to: the ability of Teras to complete the Annual Filings in the noted timeframe; the Management Cease Trade Order application process and the applicability of that process to Teras. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Teras to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation ‎affecting Teras; the timing and availability of external financing on acceptable terms; long-term capital requirements and future developments in the Company's markets and the markets in which it expects to compete;‎ lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Teras's disclosure documents on the SEDAR website at . Although Teras 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. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Teras as of the date of this news release and, accordingly, is subject to change after such date. However, Teras expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

前瞻性資訊:本新聞稿包含適用於加拿大證券法的“前瞻性資訊”。本文中除有關歷史事實的陳述外,其他所有陳述均為前瞻性資訊。特別是,本新聞稿包含有關以下方面的前瞻性資訊:年報的提交,包括年報的提交時間;以及關於Ters的MCTO申請。‎不能保證這些前瞻性資訊將被證明是準確的,實際結果和未來事件可能與這些前瞻性資訊中預期的大不相同。這一前瞻性資訊反映了Teras目前的信念,並基於Teras目前掌握的資訊和Teras認為合理的假設。這些假設包括但不限於:Teras在指定的時間範圍內完成年度申報的能力; 《管理停止貿易令》申請程式以及該程式對Teras的適用性。前瞻性資訊受已知和未知風險、不確定性和其他因素的影響,這些風險、不確定性和其他因素可能導致Teras的實際結果、活動水準、業績或成就與此類前瞻性資訊明示或暗示的結果大不相同。此類風險和其他因素可能包括但不限於:一般商業、經濟、競爭、政治和社會不確定因素;證券的總體資本市場狀況和市場價格;延遲或未能獲得董事會或監管機構的批准;未來經營的實際結果;競爭;影響Teras的立法‎的變化;以可接受的條款獲得外部融資的時機和可用性;公司市場和其預期競爭的市場的長期資本需求和未來發展;‎缺乏合格的熟練勞動力或失去關鍵人員。有關可能導致實際結果與前瞻性資訊大不相同的其他風險因素的描述,可在Teras的披露檔案中找到,該檔案位於SEDAR網站上。儘管Teras試圖確定可能導致實際結果與前瞻性資訊中包含的結果大不相同的重要因素,但可能還有其他因素導致結果與預期、估計或預期的結果不符。提醒讀者,前面列出的因素並不是詳盡的。進一步告誡讀者不要過度依賴前瞻性資訊,因為不能保證這些資訊所依據的計劃、意圖或期望一定會發生。本新聞稿中包含的前瞻性資訊明確受本警示聲明的限制。本新聞稿中包含的前瞻性資訊代表了Teras在本新聞稿發佈之日的期望,因此,在該日期之後可能會發生變化。然而,除非適用的證券法明確要求,否則Teras明確不會因為新資訊、未來事件或其他原因而更新或修改任何前瞻性資訊,也不承擔任何義務。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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