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Ironman International Ltd.
Symbol IMI
Shares Issued 172,685,076
Close 2026-04-30 C$ 0.095
Market Cap C$ 16,405,082
Recent Sedar+ Documents

ORIGINAL: Ironman Provides Update on 2026 Q1 Filings and Announces Adoption of Advance Notice Policy

2026-05-01 11:40 ET - News Release

(via TheNewswire)

Ironman International
 

LANGLEY, BC – TheNewswire - May 1st, 2026 – Ironman International Ltd. ( TSXV: IMI ) ( OTCQB: IMITF ) (" Ironman " or the " Company ") announces that its application for a management cease trade order (" MCTO ") under National Policy 12-203 – Management Cease Trade Orders (" NP 12-203 "), as previously announced i n a news release dated April 29, 2026, has been accepted by the British Columbia Securities Commission (the " BCSC "). The MCTO was issued by the BCSC, effective as of April 30, 2026, in connection with the delay by the Company in filing its interim financial statements and accompanying management’s discussion and analysis and related CEO and CFO certificates for the period ended February 28, 2026 (collectively, the " Q1 Filings "). The delay is due to (i) the short time frame between the deadline for the Q1 Filings of April 29, 2026, and the filing of the Company’s annual financial statements and accompanying management’s discussion and analysis for the financial year ended November 30, 2025, which were filed on April 13, 2026, (ii) a change in accounting operating systems, and (iii) a recent change in accounting personnel.  

The Company expects to file the Q1 Filings as soon as they are available and by no later than May 15, 2026. The Company will issue a news release once the Q1 Filings have been filed. Until the Company files the Q1 Filings, it will comply with the alternative information guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases. The Company confirms as of the date of this news release that there has been no material change in the information contained in the Company’s news release issued April 29, 2026, and there is no other material information concerning the affairs of the Company that has not been generally disclosed.  

Advance Notice Policy

The Company also announces that the board of directors (the “ Board ”) of the Company approved an advance notice policy (the “ Advance Notice Policy ”) on April 30, 2026 with effect as of such date.

The Advance Notice Policy includes, among other things, a provision that requires advance notice be given to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the “ BCBCA ”) or (ii) a shareholder proposal made pursuant to the provisions of the BCBCA.

Additionally, the Advance Notice Policy sets a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual general or special meeting of shareholders, sets forth the information that a shareholder must include in the notice to the Company, and establishes the form in which the shareholder must submit the notice for that notice to be in proper written form.

In the case of an annual general meeting of shareholders, notice to the Company must be made not less than 30 days prior to the date of the annual general meeting. However, in the event that the annual general meeting is to be held on a date that is less than 50 days after the date (the " Notice Date ") on which the first public announcement (as defined in the Advance Notice Policy) of the date of the annual general meeting was made, notice may be made not later than the close of business on the tenth (10th) day following the Notice Date.

In the case of a special meeting of shareholders (which is not also an annual general meeting), notice to the Company must be made not later than the close of business on the fifteenth (15th) day following the day on which the first public announcement of the date of the special meeting was made.

Notwithstanding the foregoing, the Board may, in its discretion, waive any requirement set out in the Advance Notice Policy.

The Company will seek shareholder approval and ratification of the Advance Notice Policy at the Company’s next annual general meeting of shareholders (the “ Meeting ”). If the Company’s shareholders do not approve and ratify the Advance Notice Policy by ordinary resolution at the Meeting, the Advance Notice Policy shall, from and after the date of the Meeting, cease to be of any force and effect.

The full text of the Advance Notice Policy is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

About Ironman International Ltd.

Established in 1999, Ironman International Ltd. is a leading North American provider of horizontal directional drilling and trenchless infrastructure services, operating 24/7 to support residential, commercial, industrial, and utility clients. The Company specializes in delivering cost-effective, low-impact underground installation solutions across a broad range of applications, including telecommunications, electrical, water and sewer, oil and gas, geothermal, and irrigation systems. With a modern fleet of specialized equipment and an experienced technical team, Ironman is capable of executing complex projects across diverse and challenging environments, including lakes, rivers, coastal and near-shore marine installations, rail corridors, roadways, and highways. The Company also provides complementary services designed to enhance efficiency, maintain safety standards, and ensure projects are completed on time and on budget. The common shares of Ironman International Ltd. are listed on the TSX Venture Exchange and trade under the symbol “IMI” and trade on the OTCQB Venture Market under the symbol “IMITF”.

On behalf of the Board of Directors ,

“Michael Irmen”

Director and CEO

 

For further information, please contact:

 

Ironman International Ltd.

Mark Tommasi, Director

Phone: 604-318-1448

https://www.ironmaninternational.com/

 

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "expects", "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward ‐ looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, management expectations that the Company will file the Q1 Filings within the time period described herein and the approval and ratification of the Advance Notice Policy by the Company’s shareholders.

These forward ‐ looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the Company being unable to file the Q1 Filings in the proposed timeframe; that the Company’s shareholders will not approve and ratify the Advance Notice Policy at the Meeting; recent market volatility; and the state of the financial markets for the Company’s securities.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the Company will be able to file the Q1 Filings in the proposed time frame and the Company’s ability to obtain shareholder approval and ratification of the Advance Notice Policy at the Meeting.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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 news release.

 

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