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Pambili Natural Resources Corporation
Symbol PNN
Shares Issued 60,730,261
Close 2025-07-02 C$ 0.055
Market Cap C$ 3,340,164
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ORIGINAL: Pambili Announces Cease Trade Order Due to Filing Delay, Actively Pursuing Resolution

2025-07-06 20:31 ET - News Release

(via TheNewswire)

Pambili Natural Resources Corp
  

[NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES]

CALGARY, Canada – TheNewswire - (July 6 , 2025)— In its May 8, 2025, news release, Pambili Natural Resources Company (“Pambili” or the “Company”) (TSXV: PNN) announced that it had been granted a management cease trade order (the "MCTO"). Today, the Company reports that the Alberta Securities Commission (the “ASC”) has revoked the MCTO and issued a failure to file cease trade order (“FFCTO”), prohibiting the trading of the Company’s securities in Canada, including on the TSX Venture Exchange (the “TSXV”).

The FFCTO was issued because the Company did not file its audited annual financial statements, management’s discussion and analysis, and related CEO and CFO certifications for the year ended Dec. 31, 2024 (the “Required Filings”) by the April 30, 2025, deadline. As a result, the Company is also unable to file its interim financial statements for the three months ended March 31, 2025 (the “Interim Statements”).

The audit has not yet formally commenced. As announced in our June 23, 2025, release, Pambili is actively seeking additional funding to cover working capital needs, including the audit cost, via a non-brokered private placement (“NBPP”). The Company will immediately apply for a partial FFCTO revocation to close the first tranche of this financing as soon as possible.

Upon securing the necessary funds, the Company will work with its auditor to schedule the audit. Based on prior discussions, the audit is expected to be completed within approximately 30 days after it begins.

Pambili remains fully committed to resolving this matter and filing its outstanding financial reports as soon as reasonably possible. The Company aims to complete the Required Filings and Interim Statements within the next 45 days and will provide timely updates as progress is made.

About Pambili Natural Resources Company: Pambili Natural Resources Company is a natural resources exploration and development company ( www.pambilinrc.com ) currently active in Zimbabwe.

For further information, contact:

Pambili Natural Resources Company

Jon Harris (CEO)

T : 403 277 4421

E : jon.harris@pambilinrc.com

Neither 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.

 

Caution Regarding Forward-Looking Information Forward-looking statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward- looking statements included in this news release include statements with respect to activities in Zimbabwe. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Company does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.

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