Rain City Resources has no material changes

Executive Summary

• Rain City Resources Inc. provided a biweekly update regarding the Management Cease Trade Order (MCTO) issued by the Alberta Securities Commission on January 29, 2026.
• The MCTO was triggered by the company's failure to file its annual audited financial statements, annual management’s discussion and analysis (MD&A), and certifications for the year ended September 30, 2025, by the January 28, 2026 deadline.
• The company is actively addressing the default, having commenced the sale of marketable securities to fund audit costs and working capital, with all required filings expected to be completed by the March 30, 2026, relief period deadline.

Key Details

• Regulatory Action: An MCTO was granted by the Alberta Securities Commission on January 29, 2026, due to a default under Part 4 of National Instrument 51-102 (Continuous Disclosure Obligations).
• Cause of Default: Inability to file annual audited financial statements, annual MD&A, and certification of annual filings for the fiscal year ended September 30, 2025, by the January 28, 2026 deadline.
• Remediation Status: The audit is currently in progress. The company has started selling marketable securities held in other publicly listed issuers to raise financing for audit costs, filing fees, and general working capital.
• Upcoming Deadlines:
  • March 30, 2026: Deadline for completing required filings and interim reports.
  • On or before March 30, 2026: Requirement to file Q1 interim financial statements for the period ended December 31, 2025, including MD&A and management certifications.
• Trading Restrictions:
  • General investing public can continue to trade common shares freely.
  • The Chief Executive Officer (CEO) and Chief Financial Officer (CFO) are prohibited from trading the company's shares while the MCTO is in effect.
• Compliance Measures: The company intends to comply with National Policy 12-203 (Alternative Information Guidelines) by issuing biweekly default status reports in the form of news releases.
• Company Status: The company confirms there are no insolvency proceedings against it and no other undisclosed material information as of the date of the release.

Notable Quotes

• "The company reports that the audit is in progress and is being advanced to address the default."
• "The required filings and the company's interim reports are expected to be completed on or before the March 30, 2026, relief period deadline."