WestKam Gold Corp. Shares Management Cease Trade Order Update
WestKam Gold Corp. (TSXV: WKG), a company committed to developing mineral properties in Western Canada, is issuing a bi-weekly report about its management cease trade order in accordance with National Policy 12-203 - Management Cease Trade Orders.
The Management Cease Trade Order (MCTO)
On July 2, 2025, WestKam announced that it had applied for a management cease trade order (the "MCTO") from the British Columbia Securities Commission (the "BCSC"). This application arose from challenges related to filing its interim financial statements along with management's discussion and analysis for the six-month period that ended on April 30, 2025.
The Company failed to make the necessary filings before the June 30 deadline due to the unexpected medical leave of their CFO, Pam Saulnier. However, an interim CFO has been appointed to ensure that the accounting operations are thoroughly reviewed so that the required filings can be submitted.
Current Status and Expectations
As of now, WestKam Gold Corp. anticipates that the interim financial statements will be ready for filing by August 29, 2025. While the MCTO restricts the CEO and CFO from trading the Company’s securities until the filings are made, shareholders can still trade their securities without any limitation.
The Company is following the alternative information guidelines set out in Section 10 of NP 12-203. They are dedicated to providing ongoing updates to their stakeholders through bi-weekly reports as required by the GSC until the MCTO is revoked.
Guidelines and Information Updates
According to the Guidelines, the Company has confirmed that, except for the information about the MCTO, there are no significant changes that would materially impact investors. Furthermore, the Company has adhered to its commitments in accordance with the Guidelines.
No anticipated defaults are expected beyond the current issues related to the MCTO, and all relevant information concerning the Company’s operations has been disclosed to the public.
About WestKam Gold Corp.
WestKam Gold Corp. is focused on acquiring and developing high-potential mineral properties in Western Canada. The company’s goal is to explore and engage in projects located in established mining districts that showcase a strong geological background, presenting the opportunity to host substantial resources.
Contact Information
If you need to reach out to WestKam Gold Corp., here’s the contact information:
WestKam Gold Corp.
Suite 900, 570 Granville Street
Vancouver, BC V6C 3P1
Investor Relations: (250) 216-5671
Email: westkam007@gmail.com
Website: westkamgoldcorp.com
Frequently Asked Questions
What led to the MCTO for WestKam Gold Corp.?
The MCTO was initiated because the company was unable to file its interim financial statements on time due to unexpected health issues with its CFO.
What is the expected timeline for filing interim financial statements?
WestKam Gold Corp. expects to file its interim financial statements by August 29, 2025.
How does the MCTO affect shareholders?
While the MCTO restricts the CEO and CFO from trading their securities, it does not affect the ability of shareholders to trade their securities.
Are there any other significant changes in the company’s status?
As of now, there are no material changes affecting investors or additional defaults beyond the MCTO that have been reported.
What are WestKam's goals for the future?
The company aims to acquire and develop high-potential mining properties in Western Canada to unearth significant resources.
