Eastplats Reports Delay in Filing Annual Financial Statements, Annual Information Form, and Management Cease Trade Order

Eastern Platinum Limited, a mining company based in Vancouver, has recently faced a setback in filing its annual audited financial statements for the fiscal year ended December 31, 2023. The company failed to meet the deadline of April 1, 2024, resulting in a Management Cease Trade Order (MCTO) being issued by the provincial securities commissions under National Policy 12-203.

Despite this delay, the general investing public will still be able to trade in the company’s listed common shares during the MCTO. However, the company’s Chief Executive Officer, Chief Financial Officer, and other designated individuals will not be permitted to trade the company’s shares until the required filings are submitted.

Eastern Platinum Limited has assured stakeholders that they are working diligently to file the necessary financial statements and related documents as soon as possible. In the meantime, the company will adhere to the alternative information guidelines outlined in NP 12-203, including issuing bi-weekly default status reports in the form of news releases.

Eastplats, as the company is commonly known, owns several platinum group metal and chrome assets in South Africa. Their operations at the Crocodile River Mine involve re-mining and processing tailings resources to produce PGM and chrome concentrates.

While facing this temporary setback, Eastern Platinum Limited remains committed to providing transparency and compliance with regulatory requirements. The company’s management emphasizes the importance of accurate and timely financial reporting to maintain trust and confidence among investors and stakeholders.