Zephyr Adopts Semi-Annual Financial Reporting

Executive Summary

• Zephyr Minerals is transitioning from quarterly to semi-annual financial reporting (SAR) utilizing Coordinated Blanket Order 51-933.
• The change aims to reduce administrative and financial burdens, allowing management to focus resources on exploration and development activities.

Key Details

• Discontinued Filings: The Company will no longer file interim financial statements and related Management's Discussion and Analysis (MD&A) for the three-month and nine-month periods ended March 31 and September 30.
• New Reporting Schedule:
  • Audited annual financial statements to be filed within 120 days of December 31.
  • Six-month interim financial statements and related MD&A to be filed within 60 days of June 30.
• Regulatory Framework: The transition is permitted under Coordinated Blanket Order 51-933, which allows eligible TSX Venture Exchange issuers to move to semi-annual reporting.