- Altima Energy (TSXV: ARH) delays its 2025 financial statement filings due to technical issues.
- The British Columbia Securities Commission (BCSC) issues a management cease trade order.
- Altima expects to file the necessary documents by August 29, 2025.
Altima Energy Inc. (TSXV: ARH) has announced a delay in filing its audited annual financial statements and management's discussion and analysis for the fiscal year that ended on February 28, 2025. This delay is attributed to technical challenges that have hindered the company's ability to supply necessary documentation to their auditors.
In response to this situation, the British Columbia Securities Commission (BCSC) has issued a management cease trade order. This order restricts trading by company insiders and employees but permits trading of the company's common shares by other investors to continue uninterrupted.
Altima Energy is actively working with its finance and accounting teams to resolve these technical issues. The company anticipates that the required documents will be finalized and filed by August 29, 2025. Until the completion of the filings, Altima is committed to issuing bi-weekly default status reports to update on any developments, actions taken to resolve the default, and any other pertinent information.
