Montfort Capital Corp Set to Resume Trading on TSXV Soon

Montfort Capital Corp. Set for Trading Resumption
Montfort Capital Corp. (TSXV: MONT) is excited to share recent developments that will pave the way for the reinstatement of its common shares on the TSX Venture Exchange (TSXV). The company's previous cease trade orders were successfully resolved, allowing for trading to commence shortly.
Resolution of Cease Trade Orders
The trading halt was a result of delays in filing annual and interim financial statements. Montfort addressed these issues promptly, with the annual audited financial statements submitted for review. The Ontario Securities Commission (OSC) revoked the cease trade orders on the company's securities, thereafter providing the green light for reinstatement on the exchange.
Commitment to Compliance and Governance
Montfort acknowledges the support and understanding of its shareholders during this period of uncertainty. The company remains dedicated to maintaining high standards of corporate governance and compliance as it moves forward in its operations.
Financial Updates
In addition to the trading resumption news, Montfort Capital has provided insights into its financial activities, which include related-party loans over the past financial years. These loans were instrumental in bolstering the company's financial position, with significant amounts raised to support various initiatives. The lending activities have been executed responsibly, in line with regulatory requirements.
Further Developments with Pivot Financial
Moreover, Montfort has updated its stakeholders about ongoing arrangements with Pivot Financial. The amended agreements are focused on extending the loan commitments and ensuring financial stability. Discussions are ongoing, affirming Montfort's strategic approach to financial management.
About Montfort Capital Corp.
Montfort Capital is recognized for its tailored private credit solutions directed at institutional investors, family offices, and wealth managers. The firm relies on experienced management and innovative technology to enhance investment returns and minimize risks.
Frequently Asked Questions
1. What prompted the trading halt for Montfort Capital?
The trading halt was due to delays in filing annual and interim financial statements, which the OSC addressed through cease trade orders.
2. How has Montfort resolved the issues leading to the trading halt?
Montfort promptly filed the required financial statements, which led to the revocation of the cease trade orders, enabling the company to proceed with trading again.
3. What is Montfort's approach towards compliance?
Montfort is committed to adhering to high standards of corporate governance and compliance to maintain shareholder confidence.
4. What kind of loans has Montfort engaged in?
Montfort has issued related-party loans aimed at supporting its lending activities and enhancing its overall financial stability.
5. Where can I find more information about Montfort?
For more details, visit the official Montfort Capital website.
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