Weekly Update on MCTO Status by Prime Drink Corporation
Prime Drink Group Corp., a leading beverage company listed on the Canadian Securities Exchange (CSE: PRME), has announced that it will be extending the deadline for filing its annual financial statements. The British Columbia Securities Commission (BCSC) has granted a management cease trade order (MCTO) to Prime Drink Group Corp., under National Policy 12-203 Management Cease Trade Orders (NP 12-203).
The MCTO prevents the Chief Executive Officer and the Chief Financial Officer of Prime Drink Group Corp. from trading in securities of the company. However, the MCTO does not affect the ability of shareholders to trade their securities. The company expects to file its annual financial statements on or before September 29, 2025.
In a voluntary move, Prime Drink Group Corp. has applied for the MCTO. The company will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports until the time it has filed the Annual Financial Filings.
The press release contains forward-looking information, such as plans, expectations, and forecasts. Any number of factors could cause actual results to differ materially from these forward-looking statements. Prime Drink Group Corp. does not assume any obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
For further information, please contact Jean Gosselin, CFO, at (514) 394-7717 or via email at [email protected]. The Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
It is important to note that the actual results, expectations, achievements, or performance of Prime Drink Group Corp. may differ materially from those anticipated and indicated by these forward-looking statements. Investors are encouraged to carefully consider these and other risks and uncertainties associated with the company's business.
The CEO of Prime Drink Group Corp. is restricted from trading until September 29, 2025, due to the MCTO, although the search results do not explicitly provide the CEO's name.
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