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Vancouver, May 13, 2024 – Transforma Resources Corporation (the “Company” or “Transforma”) announces that the British Columbia Securities Commission (“BCSC”) has issued a failure to file cease trade order (“FFCTO”) restricting the trading by any person of any securities of the Company in Canada, including trades in the Company’s common shares made through the TSX Venture Exchange (“TSXV”).
The FFCTO was issued as a result of the Company’s delay in filing its audited annual consolidated financial statements for the year ended December 31, 2023, the related management’s discussion and analysis of financial condition and results of operations, and CEO and CFO certificates relating to the audited annual financial statements as required by National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings beyond the April 29, 2024 filing deadline.
The Company intends to provide updates if and when necessary in accordance with applicable securities laws.
