Cerrado Gold Announces Filing of Q1 Financials in Order To Revoke Cease Trade Order and Pending Submission of Application to the TSX Venture Exchange To Resume Trading
In This Article:
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Q1 financials filed in order to revoke Cease Trade Order ("CTO")
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Application to resume trading to be submitted to the TSX Venture Exchange pending CTO being lifted by the Ontario Securities Commission
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Trading expected to resume within 2 business days post approval by the TSX Venture Exchange
TORONTO, ON / ACCESSWIRE / June 27, 2024 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") announces that post filing of its operational and financial results for Q1 2024, the Company has now remedied its compliance under National Policy 11-207, regarding continuous disclosure obligations. The Ontario Securities Commission ("OSC") is now reviewing the submission in order to revoke the CTO on the Company's common shares.
The Company expects to submit an application to the TSX Venture Exchange to resume trading upon the CTO being lifted by the OSC. Once the application has been processed and approved, trading is expected to resume within 2 business days.
About Cerrado
Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina, and the highly prospective Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing it's 100% owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec.
In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias Heap Leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.
In Canada, Cerrado holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium project, which has the potential to produce a premium iron ore concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces, contributing to the decarbonization of the industry and the achievement of SDG goals.
For more information about Cerrado please visit our website at: www.cerradogold.com.
Mark Brennan
CEO and Chairman
Mike McAllister
Vice President, Investor Relations
Tel: +1-647-805-5662
[email protected]