$RITE MINERALRITE CORPORATION (RITE) Obtains Revoc
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Posted On: 03/21/2025 4:40:36 PM
$RITE MINERALRITE CORPORATION (RITE) Obtains Revocation of the Decade-Old Cease Trade Order from the Alberta Securities Commission
https://www.newsfilecorp.com/release/245597
Dallas, Texas--(Newsfile Corp. - March 21, 2025) - MINERALRITETM Corporation (OTC Pink: RITE) (the "Company" or "RITE"
, has succeeded in obtaining approval of its application with the Alberta Securities Commission ("ASC" to remove the decade-old Cease Trade Order which was placed against the Company back in 2013.
More than a decade ago, the Alberta Securities Commission entered an order against RITE based on issues which centered around the fact that the Company had allegedly been managed from the province and had not filed certain financial disclosures with the province even though the Company had properly filed them with the Securities and Exchange Commission ("SEC" .
During the month of September of 2024, CEO Burgauer filed an Application for Revocation of the Cease Trade Order ("CTO" with the Alberta Securities Commission. After months of submissions and negotiations, the ASC agreed to lift its CTO thereby allowing Albertans and Canadians to once again trade in RITE stock.
RITE was, at one time in its history, headquartered in Calgary. As such, CEO Burgauer felt that the CTO disenfranchised part of the Company's shareholder base and felt that this injustice needed to be righted. To do so, he filed the application to have the CTO revoked.
CEO Burgauer reiterated, "Now that the CTO has been lifted by the ASC, the only two items that remain on my original tick list are the Case that I filed with FINRA to get them to acknowledge the F Reorganization merger-redomicile that occurred in April 2021, and the lifting of the Eligible for Unsolicited Quotes Only flag on the stock – both of which are in process. Completing both of these items will allow me to fully concentrate my efforts on ringing the Company's cash register!"
Further information on the lifting of the CTO can be found on the Investor Relations page of RITE's website (www.mineral-rite.com/IR), OTCMarkets.com, and on the Alberta Securities Commission's website as well.
https://www.newsfilecorp.com/release/245597
Dallas, Texas--(Newsfile Corp. - March 21, 2025) - MINERALRITETM Corporation (OTC Pink: RITE) (the "Company" or "RITE"
, has succeeded in obtaining approval of its application with the Alberta Securities Commission ("ASC" to remove the decade-old Cease Trade Order which was placed against the Company back in 2013. More than a decade ago, the Alberta Securities Commission entered an order against RITE based on issues which centered around the fact that the Company had allegedly been managed from the province and had not filed certain financial disclosures with the province even though the Company had properly filed them with the Securities and Exchange Commission ("SEC"
. During the month of September of 2024, CEO Burgauer filed an Application for Revocation of the Cease Trade Order ("CTO"
with the Alberta Securities Commission. After months of submissions and negotiations, the ASC agreed to lift its CTO thereby allowing Albertans and Canadians to once again trade in RITE stock. RITE was, at one time in its history, headquartered in Calgary. As such, CEO Burgauer felt that the CTO disenfranchised part of the Company's shareholder base and felt that this injustice needed to be righted. To do so, he filed the application to have the CTO revoked.
CEO Burgauer reiterated, "Now that the CTO has been lifted by the ASC, the only two items that remain on my original tick list are the Case that I filed with FINRA to get them to acknowledge the F Reorganization merger-redomicile that occurred in April 2021, and the lifting of the Eligible for Unsolicited Quotes Only flag on the stock – both of which are in process. Completing both of these items will allow me to fully concentrate my efforts on ringing the Company's cash register!"
Further information on the lifting of the CTO can be found on the Investor Relations page of RITE's website (www.mineral-rite.com/IR), OTCMarkets.com, and on the Alberta Securities Commission's website as well.
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