finance
Montfort Capital Receives Cease Trade Order After Delaying Annual Filings
Montfort Capital Corp. announced a delay in filing its audited financial statements, management's discussion and analysis, and related certificates for the year ended December 31, 2025. The Ontario Securities Commission issued a failure-to-file cease trade order on May 6, 2026. The company said there are no disagreements with its auditor and will file the documents as soon as possible.
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Montfort Capital Corp. announced on May 9, 2026 that it has delayed the filing of its audited consolidated financial statements, management's discussion and analysis, and chief executive officer and chief financial officer certificates for the year ended December 31, 2025.
The documents, referred to as the Required Filings, were due by April 30, 2026 under Canadian securities law. The company had previously disclosed the expected delay in a press release dated March 30, 2026. The company will file the Required Filings as soon as possible.
It will issue a further news release when the filings are completed. There are no disagreements between the company and its auditor that caused the delay.
As a result of the company's failure to file the Required Filings by the April 30 deadline, the Ontario Securities Commission issued a failure-to-file cease trade order on May 6, 2026. The order prohibits the trading by any person of any securities of the company in each jurisdiction in Canada where it is a reporting issuer for as long as the order remains in effect.
The cease trade order contains an exception that was not detailed in the company's announcement. The company stated that the order was issued in line with standard regulatory procedure following the missed filing deadline.
