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Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM) has applied to the British Columbia and Alberta Securities Commissions to obtain a temporary management cease trade order (MCTO) under National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults (NP 12-203). The order would prohibit trading of the company’s securities by its Chief Executive Officer and Chief Financial Officer until the required continuous disclosure filings are made and the MCTO is lifted. During the period the MCTO is in effect, members of the general public who are not insiders will continue to be able to trade the company’s listed securities.
The MCTO was granted on May 1, 2026. The company said it made the application because it expected it would be unable to file its audited financial statements for the year ended December 31, 2025, along with its management’s discussion and analysis and related CEO and CFO certificates (collectively, the “Required Filings”) before the April 30, 2026 filing deadline.
The company and its auditor expected a delay in completing the audit due to a change in auditor in March 2026. The company stated it was concerned the successor auditor would require additional time to complete its work and that the annual filings might not be submitted on time.
Casa Minerals anticipates it will be able to remedy the default by filing the Required Filings before May 31, 2026. The MCTO will remain in effect until the Required Filings are filed. During the MCTO period, all management, officers, and directors of the company will be prohibited from trading the company’s securities in accordance with the company’s blackout procedures.
The company said it intends to satisfy the alternative information guidelines set out in Sections 9 and 10 of NP 12-203 while the Required Filings remain outstanding.
Farshad Shirvani
Chief Executive Officer
Phone: (604) 678-9587
Email: company@casaminerals.com
Certain information in the release constitutes forward-looking statements under Canadian securities legislation. The company noted that forward-looking statements include statements regarding the anticipated timing for filing the annual filings and the company’s ability to comply with NP 12-203. The company cautioned that actual results may differ materially from expectations, including the possibility that the annual filings may not be completed within the time anticipated or permitted under the MCTO, which could lead to a general cease trade order for the company’s securities.
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