(via TheNewswire)
The Company is requesting the MCTO in order to secure additional time to finalize the Annual Financial Statements, as the Company anticipates a longer than anticipated timeframe for the audit of the Annual Financial Statements. The Company is working with its auditor and accounting team to draft Financial Statements and respond to all queries. It is the Company’s reasonable expectation that the Annual Filings will be finalized on or before
The delay is principally due to a recent change in Crest’s senior management and accounting staff including the Company’s CEO, CFO and auditor. The Company’s auditor changed in
1. The Company is required to file its Annual Filings all in accordance with IFRS, by
2. The Company and its auditors are working diligently to prepare and file the Annual Filings, on or before
3. The Company confirms that it intends to issue a status report on a bi-weekly basis, for as long as it remains in default of the Annual Filing Deadline in respect of the Annual Filings.
4. There is no other material information concerning the affairs of the Company that has not been generally disclosed.
The Company has imposed an insider trading blackout pending the filing of the Annual Filings and will comply with the alternative information guidelines described in National Policy 12-203Management Cease
FOR FURTHER INFORMATION CONTACT:
Chief Executive Officer
Telephone:778 819 2709
Contact: jcubitt@crestresourcesinc.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
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