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Ironman International Ltd. (TSXV: IMI) (OTCQB: IMITF) says it will likely miss its April 29, 2026 filing deadline for its interim financial statements and related management’s discussion and analysis, along with CEO and CFO certificates, for the period ended February 28, 2026 (collectively, the “Q1 Filings”).
In connection with its inability to file the Q1 Filings on time, the company has applied for a Management Cease Trade Order (“MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). Ironman is awaiting a decision from the British Columbia Securities Commission (the “BCSC”).
The company attributes the delay to: (i) the short time frame between the Q1 Filing Deadline and the filing of its annual financial statements and related management’s discussion and analysis for the financial year ended November 30, 2025 (filed April 13, 2026); (ii) a change in accounting operating systems; and (iii) a recent change in accounting personnel.
Ironman expects to file the Q1 Filings on or about May 15, 2026, and in any event as soon as they are available. The company will issue a news release once the Q1 Filings have been filed.
Until the Q1 Filings are filed, Ironman will comply with the alternative information guidelines in NP 12-203, including issuing bi-weekly default status reports in the form of news releases for as long as the Q1 Filings have not been filed.
During the MCTO, the general investing public will continue to be able to trade the company’s common shares listed on the TSX Venture Exchange. However, the company’s Chief Executive Officer, Chief Financial Officer, and other directors, officers, and persons as determined by applicable regulatory authorities will not be able to trade the company’s common shares.
In addition, the company will not be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the company except in accordance with legally binding obligations existing as of April 29, 2026, the date of the anticipated continuous disclosure default.
Ironman states it is not subject to any insolvency proceedings. The company also confirms that if it provides any information to creditors during the period of default of filing the Q1 Filings, it will file material change reports on the company’s profile on SEDAR+ containing such information.
Established in 1999, Ironman International Ltd. provides horizontal directional drilling and trenchless infrastructure services across North America. The company operates 24/7 to support residential, commercial, industrial, and utility clients, delivering underground installation solutions for applications including telecommunications, electrical, water and sewer, oil and gas, geothermal, and irrigation systems.
Ironman states it has a modern fleet of specialized equipment and an experienced technical team capable of executing complex projects across diverse environments, including lakes, rivers, coastal and near-shore marine installations, rail corridors, roadways, and highways. The company also provides complementary services intended to enhance efficiency, maintain safety standards, and help ensure projects are completed on time and on budget.
The company’s common shares trade on the TSX Venture Exchange under “IMI” and on the OTCQB Venture Market under “IMITF”.
On behalf of the board: “Mike Irmen”, CEO and Director.
Contact: Mark Tommasi, Director, 604-318-1448.
Neither the TSX Venture Exchange nor its Regulation Services Provider has reviewed or accepts responsibility for the accuracy or adequacy of this release.
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