- the Company's Annual Audited Financial Statements for the year ended
December 31, 2023 , as required by section 4.2 of National Instrument 51-102 – Continuous Disclosure Obligations ("NI 51-102"); - the Company's Management Discussion & Analysis for the year ended
December 31, 2023 , as required by section 5.1(2) of NI 51-102; and - the Company's CEO and CFO certifications of annual filings relating to the Annual Financial Statements, as required by National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings.
The delay is due in large part to staffing and scheduling issues at the Corporation's third-party accounting services provider. Accordingly, the Company has applied to the
The Company continues to work to complete the Annual Filings and expects to file the Annual Filings by
Until the Company has filed the Annual Filings, members of the Company's management and other insiders are subject to an insider trading black-out policy as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease
Magnetic North invests and manages businesses on behalf of its shareholders and believes that capital alone does not always lead to success. With offices in
Neither the
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
Certain statements in this news release are "forward-looking statements", which reflect current expectations of the management of Magnetic North regarding future events or Magnetic North's future performance. All statements other than statements of historical fact contained in this news release may be forward-looking statements. In particular, forward-looking information and statements herein include, but are not limited to, the filing of the Annual Filings, including the timing for the filing of the Annual Filings and the issuance of a Management Cease Trade Order in respect of the Company. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements. Magnetic North believes that the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Magnetic North assumes no obligation to update or revise them to reflect new events or circumstances, except as expressly required by applicable securities law. Further information regarding risks and uncertainties relating to Magnetic North and its securities can be found in the disclosure documents filed by Magnetic North with the securities regulatory authorities, available at www.sedar.com.
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