The Company has completed a 60,000 m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. There is no other material information concerning the affairs of the Company that has not been generally disclosed.Ĭanada Silver Cobalt Works Inc. The Company reports that since the Notice: (i) there have been no material changes regarding the information contained in the Notice that have not been disclosed in a bi-weekly default status report or in a news release referenced therein (ii) there have been no failures by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203 and (iii) there has not been any specified default subsequent to the defaults announced in the Notice. Pursuant to NP 12-203, the Company must file bi-weekly status reports in the form of further news releases during the period from the Notice until the MCTO is revoked. The issuance of the MCTO does not affect the ability of persons other than the CEO and CFO to trade in the Company's securities. The MCTO prohibits the Chief Executive Officer and Chief Financial Officer of the Company from trading in securities of the Company until the Company files the Annual Documents and the BCSC revokes the MCTO. The Company is working diligently with its auditors to complete the annual financial statements, with the goal of filing the Annual Documents on or before June 5, 2023.Ī management cease trade order was granted by the British Columbia Securities Commission (the “BCSC”) on (the “MCTO”). The Company announced that it would not file the Annual Documents by the prescribed legal deadline of due to the fact that the Company had to make the necessary arrangements with its auditors to complete the audit of its annual financial statements. In its news release (the “Notice”), the Company announced a delay in the filing of its audited financial statements and management's discussion and analysis for the financial year ended Decem(collectively, the "Annual Documents").
(TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “ Company ” or “ Canada Silver Cobalt ”) is providing this bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders (“NP 12-203”). Coquitlam, BC - TheNewswire - Canada Silver Cobalt Works Inc.
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