(TheNewswire)
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October 6, 2025 – TheNewswire - Vancouver, British Columbia – Newlox Gold Ventures Corp. (the “Corporation”) (CSE: LUX) today announced that the British Columbia Securities Commission has issued a failure-to-file cease trade order (the “FFCTO”) to the Corporation on October 3, 2025.
The FFCTO is a result of the Corporation’s failure to files its audited financial statements for its fiscal year ended March 31, 2025 (the “Annual Financial Statements”), and accompanying management’s discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates relating thereto (collectively, the “Required Filings”) before the prescribed deadline of July 29, 2025.
The FFCTO prohibits the trading by any person of any securities of the Corporation in each jurisdiction in Canada in which the Corporation is a reporting issuer, including trades in the Corporation’s securities made through the Canadian Securities Exchange (“CSE”), for as long as the FFCTO remains in effect.
The FFCTO provides an exception for beneficial securityholders of the Corporation who are not currently (and who were not as of July 29, 2025) insiders or control persons of the Corporation and who sell securities of the Corporation acquired before July 29, 2025, if both of the following criteria are met:
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(i)the sale is made through a “foreign organized regulated market”, as defined in section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and
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(ii)the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.
The Corporation is not currently subject to any insolvency proceedings.
As previously announced, the delay in filing the Required Filings is principally related to the Corporation’s recent change of management and the difficulty in obtaining necessary documents from Costa Rica for the audit. The Corporation has previously provided its auditors, Dale Matheson Carr-Hilton Labonte LLP (“DMCH”), with draft financial statements for their review. DMCH has subsequently informed the Corporation that due to staffing and scheduling constraints, they will not complete the audit process in time for the Corporation to meet the filing deadline for the Required Filings. These staffing and scheduling issues were not previously known to the Corporation.
Additional time is needed to allow DMCH to complete its audit process. The Corporation intends to file the Required Filings as soon as possible and will provide updates as further information becomes available.
About Newlox Gold Ventures Corp.
Newlox Gold Ventures Corp. is an emerging precious metals producer dedicated to the recovery of gold and silver from artisanal and small-scale mining operations across Latin America. The Company leverages technology to recover precious metals while remediating historical mine waste and contributing to local economic development.
On Behalf of the Board,
Newlox Gold Ventures Corp.
Website: www.newloxgold.com
Telephone: 647.848.5843
Email: info@newloxgold.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.
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