Prime Drink Group Updates on MCTO and Financial Filing Deadline

Author: Owen Jenkins Updated: 09-12-2025 06:45 PM

Prime Drink Group Corp. Provides MCTO Update

Prime Drink Group Corp. (CSE: PRME) has recently announced important updates regarding its financial reporting and compliance measures. Following earlier news releases, the company successfully applied for a management cease trade order (MCTO) with the British Columbia Securities Commission (BCSC), a move that underscores its commitment to transparency and regulatory adherence.

What is the MCTO?

An MCTO is essentially a regulatory measure that prohibits certain company executives from trading their securities until specific conditions are met. In this case, Prime Drink Group's MCTO was issued to ensure that the Chief Executive Officer and Chief Financial Officer do not engage in any trading of company securities until the company's annual financial filings are submitted properly.

Current Status of Financial Filings

The deadline for Prime Drink Group's annual financial filings, which covers the period ending March 31, has been extended to September 29, 2025. This extension allows the company to finalize its reports, including the critical management discussion and accompanying analysis.

By engaging in this proactive approach, Prime Drink Group reaffirms its dedication to fulfilling all necessary financial obligations and maintaining an open line of communication with its shareholders. Furthermore, the regulatory body's decision to grant this extension reflects a collaborative spirit between the company and its regulatory authorities.

Company's Commitment to Transparency

Throughout this process, Prime Drink Group plans to adhere to the provisions of the alternative information guidelines under NP 12-203. This means that shareholders and potential investors can expect bi-weekly updates regarding the status of the filing and any similar developments. These communications will ensure that all stakeholders are kept informed of the company’s progress.

Contact Information

For any inquiries, interested parties can reach out directly to:

Jean Gosselin, CFO
Phone: (514) 394-7717
Email: info@prime-group.ca

Frequently Asked Questions

What is a management cease trade order (MCTO)?

An MCTO is a regulatory restriction preventing executives from trading the company's securities until specific conditions are met.

Why did Prime Drink Group apply for an MCTO?

The company voluntarily sought an MCTO to ensure compliance with financial reporting regulations and maintain transparency with shareholders.

What is the new deadline for Prime Drink Group's financial filings?

The deadline has been extended to September 29, 2025, providing the company with additional time to complete its annual financial statements.

How will Prime Drink Group communicate its progress?

The company will issue bi-weekly updates to keep stakeholders informed about its financial filing status until compliance is achieved.

Who should be contacted for further information?

Inquiries can be directed to Jean Gosselin, CFO, via phone or email for any further clarifications.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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