Mr. Michael Williams reports
VENDETTA ANNOUNCES ADOPTION OF SEMI-ANNUAL FINANCIAL REPORTING
Vendetta Mining Corp. has elected to participate in the semi-annual financial reporting pilot program. The SAR pilot was introduced by the Canadian Securities Administrators under Coordinated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers). This news release is being filed pursuant to the blanket order.
The SAR pilot permits eligible venture issuers to transition from quarterly to semi-annual financial reporting. The company has determined that it meets the eligibility criteria to participate in the SAR pilot, including that it is a venture issuer, has annual revenues of less than $10-million, has a disclosure record of at least 12 months, and has filed all required periodic and timely disclosure documents.
As a result of this election, the company will file interim financial reports and related management's discussion and analysis on a semi-annual basis, rather than quarterly. Under the blanket order, the company will be exempt from filing interim financial reports and related MD&A for its first and third quarters. The company's financial year-end is May 31. The initial period for which the company will not file a quarterly interim financial report and related MD&A will be for the three-month period ended Aug. 31, 2026.
The company will continue to file audited annual financial statements and unaudited six-month interim financial reports, and will continue to provide timely disclosure in accordance with applicable securities laws.
About Vendetta Mining Corp.
Vendetta is a Canadian junior exploration company focused on advanced-stage exploration and development at the 100-per-cent-owned Pegmont lead-zinc project in Australia.
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