TORONTO, June 25,
2023 /CNW/ - Voltage Metals Corp. ("Voltage" or the
"Company") (CSE: VOLT) (OTC: VLTMF) is pleased to announce that
Alice Margulies, CA, CPA, has been appointed as the Company's
interim CFO effective June 8, 2023,
bringing her professional expertise in junior mining audit.
Ms. Margulies takes over from Nickolas
Mah whose resignation as CFO was effective the day
prior.
The Company further announces that in consultation with Ms.
Margulies and its auditors, it has revised the expected date for
filing its outstanding annual financial statements, management's
discussion and analysis and the required certifications
(the "Issuer Statements") to July 31,
2023.
As was previously announced on May 5,
2023, the Company's application for a temporary management
cease trade order ("MCTO") under National Policy 12-203 –
Management Cease Trade Orders ("NP 12-203"), made on
April 18, 2023, was granted by the
Ontario Securities Commission ("OSC") effective May 2, 2023.
Said application for an MCTO was made on the basis that the
Company was unable to file the Issuer Statements on or before the
prescribed filing deadline of May 1,
2023. The Company underwent a business combination
transaction in its last financial year (the completion of which was
previously announced on March 11,
2022), adding to the complexity of the audit of the Issuer
Statements and contributing to the filing delay. The
Company's recent change of auditors has also contributed to the
delay.
The MCTO prohibits trading in securities of the Company by its
CEO and CFO until the Issuer Statements are filed and the MCTO is
lifted. While the MCTO remains in effect, the general public
will continue to be able to trade in the Company's listed
securities. By its terms, the MCTO will be revoked two
business days following the receipt by the OSC of all filings the
Company is required to make under Ontario securities law, or further order of
the OSC.
The Company confirms that it will satisfy the provisions of the
alternative information guidelines set out under Sections 9 and 10
of NP 12-203 until the Issuer Statements are filed.
About Voltage Metals
Voltage is a critical metals exploration and development company
focused on Canadian projects near existing or past-producing
mines.
Forward Looking Statements
This press release contains forward-looking statements and
forward-looking information within the meaning of applicable
Canadian and U.S. securities laws. The use of any of the words
"expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify
forward-looking information or statements. The forward-looking
statements and information are based on certain key expectations
and assumptions made by management. Although management of the
Company believes that the expectations and assumptions on which
such forward-looking statements and information are based are
reasonable, undue reliance should not be placed on the
forward-looking statements and information. There can be no
assurance that they will prove to be correct. By its nature, such
forward-looking information is subject to various risks and
uncertainties, which could cause the actual results and
expectations to differ materially from the anticipated results or
expectations expressed. Readers are cautioned not to place undue
reliance on this forward-looking information, which is given as of
the date hereof, and to not use such forward- looking information
for anything other than its intended purpose. Management of the
Company undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
SOURCE Voltage Metals Corp.