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Pacific Arc Resources Announces Failure to File Cease Trade Order

Date/time : 2025-07-21 04:22 PM
Symbol :

PAV.H

Company : Pacific Arc Resources Ltd.
Price : 0.015
Market cap : 284,881
O/S : 18,992,043
Exchange :

TSXV

Industry :

Industrial Metals

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Pacific Arc Resources Announces Failure to File Cease Trade Order

Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - Pacific Arc Resources Ltd. (TSXV: PAV.H) ("Pacific Arc" or the "Company") announces that the British Columbia Securities Commission (the 'BCSC") has issued a failure to file cease trade order ("FFCTO") prohibiting the trading by any person of any of the securities of the Company in Canada.

The FFTCTO was issued as a result of the Company's delay in filing its annual financial statements and accompanying management discussion and analysis for the fiscal year ended January 31, 2025 (the "Annual Filings") by May 31, 2025, in accordance with Canadian securities laws.

The reason for the delay is due the Company and its auditors, Saturna Group requiring additional time to complete the audit and quality procedures. The Company notes that there has been no issue between the Company and the auditor regarding and matter of accounting or practices, financial statement disclosure or auditing principles or procedures. The Company's management and audit committee will continue to work with its auditors to provide all necessary information and complete the Annul Filings. The Company expects to file its Annual Filings on or around July 25, 2025.

The Company will provide updates if and when necessary, in accordance with applicable securities laws.

About Pacific Arc Resources Inc.

Pacific Arc is a reporting issuer in the Provinces of British Columbia, Alberta, and Ontario incorporated under the BCBCA.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

John MacPhail, President, CEO & Director, Phone: +34 677 38 41 68

This news release does not constitute an offer to sell and is not a solicitation of an offer to buy any securities in the United States. The securities of the Company and B.C. Ltd. have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws unless pursuant to an exemption from such registration.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: the financial markets generally, the results of the due diligence investigations to be conducted by the Company, the ability of the Company to complete the Transaction or the Offering or obtain requisite TSXV acceptance and, if applicable, shareholder approvals. There can be no assurance that forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259566