Western Resources Corp. Provides Bi-weekly MCTO Status Update
January 13 2025 - 6:30AM
Western Resources Corp. (TSX:
WRX) ("
Western Resources" or the
"
Company") is providing this bi-weekly update on
the status of the management cease trade order issued on January 2,
2025 (“
MCTO”), by its principal regulator, the
British Columbia Securities Commission, under National Policy
12-203 - Management Cease Trade Orders ("
NP
12-203").
As previously announced on December 17, 2024
(the “Original Announcement”), the Company applied
for the MCTO due to a delay in filing its annual information form,
audited annual financial statements and related management's
discussion and analysis, and certifications for the financial year
ended September 30, 2024 (the
"Required Filings").
The Company confirms that since the date of the
Original Announcement, (a) there have been no material changes to
the information contained in the Original Announcement that would
reasonably be expected to be material to an investor, (b) there
have been no failures by the Company in fulfilling its stated
intentions with respect to satisfying the provisions of the
alternative information guidelines as set out in NP 12-203, (c)
there has not been, nor is there anticipated to be, any other
specified default subsequent to the default which is the subject of
the Original Announcement, and (d) there is no other material
information concerning the affairs of the Company that has not been
generally disclosed.
The Company confirms that it intends to satisfy
the provisions of NP 12-203 and will continue to issue bi-weekly
MCTO status reports until the Company files the Required
Filings.
"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.
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