Original News Release
Wellfield Technologies suspended by BCSC
Mr. Levy Cohen reports
WELLFIELD TECHNOLOGIES INC. ANNOUNCES FAILURE TO FILE CEASE TRADE ORDER
The management cease trade order granted on July 30, 2025, by Wellfield Technologies Inc.'s principal regulator, the British Columbia Securities Commission (BCSC), has expired and the BCSC has issued a failure-to-file cease trade order (FFCTO) to the company under Multilateral Instrument 11-103, Failure-To-File Cease Trade Orders In Multiple Jurisdictions, prohibiting the trading in or the purchasing of any securities of the company by any person or company in Canada, including trades in the company's common shares made through the TSX Venture Exchange, except in accordance with the following conditions:
A beneficial securityholder of the company who is not, and was not at the date of the FFCTO, an insider or control person of the company may sell securities of the company acquired before the date of Oct. 2, 2025, if both of the following apply: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.
The FFCTO was issued as a result of the delay in the filing of the company's annual audited financial statements for the year ended March 31, 2025, the management's discussion and analysis for the period ended March 31, 2025, and the related annual filings, and the interim financial report for the period ended June 30, 2025, the management's discussion and analysis for the period ended June 30, 2025, and the interim related filings.
The delay in completing the required filings was due to unforeseen extenuating circumstances resulting in resourcing challenges within the company.
In addition, as a result of the FFCTO, the TSX-V imposed a halt of trading of the company's common shares on Oct. 3, 2025.
The company currently anticipates completing and filing the annual filings on or before Oct. 29, 2025, with the interim filings to follow shortly thereafter.
Management is actively working with its auditor to complete the required filings as soon as possible to facilitate the reinstatement of trading in the company's common shares on the TSX-V and will provide updates as further information becomes available.
About Wellfield Technologies Inc.
Wellfield is a leading fintech company specializing in innovative solutions leveraging blockchain technology. The company's platform, Coinmama, provides seamless access to the cryptocurrency market for over 3.5 million registered users across 180 countries. Additionally, Wellfield operates the Tradewind Markets platform to digitize and trade real-world assets, including its flagship VaultChain Gold and VaultChain Silver products.
We seek Safe Harbor.
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