Newlox Gold Ventures Corp. Announces Delay in Filing of its Audited Financial Statements
Newlox Gold Ventures Corp. (the "Corporation") announced today that it was not able to file its audited financial statements for its fiscal year ended March 31, 2025 (the "Annual Financial Statements") and accompanying management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates relating thereto (collectively, the "Required Filings") before the prescribed deadline of July 29, 2025. The delay in the filing of the Required Filings is due to the Corporation's recent change of management and the difficulty in obtaining records from Costa Rica. As such, the Corporation has determined that it will not be able to file Required Filings on time.
The British Columbia Securities Commission ("BCSC") and other applicable securities regulators under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("National Policy 12-203") has imposed a management cease trade order (an "MCTO") in respect of this late filing. The MCTO prohibits the Chief Executive Officer and the Chief Financial Officer of the Corporation from trading in securities of the Corporation for so long as the Required Filings are not filed. The issuance of the MCTO does not generally affect the ability of persons who are not directors, officers or other insiders of the Corporation to trade in the Corporation's securities.
The Corporation confirms that it will satisfy the provisions of the alternative information guidelines under National Policy 12-203 by issuing bi-weekly default status reports in the form of news releases so long as it remains in default of the filing requirements set out above.
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. is an emerging precious metals producer dedicated to the recovery of gold and silver from artisanal and small-scale mining operations across Latin America. The Company leverages technology to recover precious metals while remediating historical mine waste and contributing to local economic development.
On Behalf of the Board, Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp.
Website: www.newloxgold.com
Telephone: 647.848.5843
Email: info@newloxgold.com
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).