PPX Provides Update on Cease Trade Order

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

VANCOUVER, BC / ACCESSWIRE / April 21, 2021 / PPX Mining Corp. (the "Company" or "PPX") is providing the following update regarding the Cease Trade Order ("CTO") issued by the British Columbia Securities Commission and the Ontario Securities Commission due to the delay in filing the Company's annual financial statements for the fiscal year ended September 30, 2020, the related management's discussion and analysis, and the certification of the annual filings for the year ended September 30, 2020 (collectively, the "2020 Annual Financial Statements"), as reported in a press release dated February 4, 2021.

"Our financial team is working closely with our auditors, and we look forward to completing the audit and related filings," said Brian J. Maher, CEO and President of PPX Mining. "Following the completion of our 2020 filing, we will then shift our focus to reporting our Q1 and Q2 2021 results as quickly as possible."

The delay in filing the 2020 Annual Financial Statements is in part attributable to logistical challenges related to the COVID-19 pandemic in the 2020 calendar year, which prevented the Company's auditors from interacting with management at our Peruvian subsidiaries. We are pleased to report the auditors will resume work in Peru shortly. The Company intends to file the 2020 Annual Financial Statements as soon as possible and it expects to make these filings by no later than June 15, 2021.

On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:
PPX Mining Corp.
Brian J. Maher, President and Chief Executive Officer

Phone: 1-530-913-4728
Email: [email protected]
Website: www.ppxmining.com

Cautionary Statement:

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

SOURCE: PPX Mining Corp.



View source version on accesswire.com:
https://www.accesswire.com/641575/PPX-Provides-Update-on-Cease-Trade-Order

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).