VanadiumCorp wishes to announce a Cease Trade Order (CTO) has been issued by the British Columbia Securities Commission (BCSC)), as principal regulator, as a result of the Company’s failure to file its annual audited financial statements for the year ended October 31, 2020.
2013-08-22 09:24 ET – News Release
Mr. Wim Bakker, concerned shareholder, reports
REMINDER TO PACIFICORE BOARD OF ITS REQUIREMENT TO FILE INFORMATION CIRCULAR
The concerned shareholders of PacificOre Mining Corp. are reminding the current board and management again of various regulatory requirements. As the company failed to file its proxy materials from its last annual general meeting on SEDAR, concerned shareholders wish to ensure the company does not do this again and is in full compliance with its regulatory reporting obligations. Specifically, the concerned shareholders wish to remind management of the Aug. 22 deadline to file its information circular for the coming AGM.
It is a requirement of the company to file an information circular with the regulatory authorities and on SEDAR for disclosure, including its proposed slate of directors and other information pertinent to shareholders. The meeting is a result of shareholders requisitioning a meeting, and the date of the meeting is a result of Mr. Derosier setting the meeting on the last possible date permitted by the Business Corporations Act (British Columbia) as it pertains to the requisition procedures.
Concerned shareholders felt it incumbent to remind current management and the board of their reporting requirements as they have taken some liberties in the regulatory filings. In addition to not filing its proxy materials, the company has failed to announce the appointment of officers and disseminate news releases and has not filed them on SEDAR or its website until a month later after being reminded by the concerned shareholders.
It has now been 178 days since the company first called its AGM for 2013, only to be cancelled, and 16 months since shareholders were last able to vote on who they wish to lead the company. Currently, only one director was elected, and the only public statement from current management about its development plans for PacificOre is it is regrouping. At this point in time, concerned shareholders only wish to give shareholders their right to vote for the team they feel is best to lead PacificOre forward. Given the past embarrassing circumstances, concerned shareholders wish to reassure shareholders that they will continue to look out for the company and do what they can to protect shareholders’ interest.