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Regulatory

Resverlogix receives MCTO from ASC

By The Northwire Desk — AI Analysis Apr 02, 2026 · 16:39 RVX · 0.105 Resverlogix Corp
RVX · Price

Executive Summary

  • Resverlogix Corp. has issued a Management Cease Trade Order (MCTO) by the Alberta Securities Commission (ASC) due to its failure to file annual audited financial statements, annual information form, and management discussion and analysis for the year ended December 31, 2025, by the March 31, 2026 deadline.
  • The MCTO prohibits the CEO and CFO from trading company securities until the order is revoked or two business days after the required filings are submitted.
  • The company expects to complete the audit and filings by April 10, 2026, though this is not assured, and confirms it is not subject to insolvency proceedings.

Key Details

  • Regulatory Action: Management Cease Trade Order (MCTO) issued by the Alberta Securities Commission (ASC) under National Policy 12-203.
  • Cause of Default: Failure to file annual audited financial statements, annual information form, and management discussion and analysis for the fiscal year ended December 31, 2025, by the prescribed deadline of March 31, 2026.
  • Trading Restrictions:
    • CEO and CFO are prohibited from all trading in Resverlogix securities.
    • Restrictions remain in effect until the MCTO is revoked/varied or until two full business days after the annual filings are filed.
    • General investing public retains the right to trade freely in listed common shares.
    • Management and other insiders are subject to an insider trading blackout until annual filings are complete.
  • Timeline for Resolution:
    • Company expects, but cannot assure, that the audit and annual filings will be completed by April 10, 2026.
    • A news release will be issued once the annual filings have been filed.
  • Compliance Status:
    • Company intends to satisfy provisions of alternative information guidelines in NP 12-203 while in default.
    • Company confirms it is not subject to any insolvency proceedings.
    • No material changes to information in the original announcement (March 17, 2026) have occurred since that date, other than the MCTO issuance.

Notable Quotes

  • "The company and its external auditor continue to work diligently to complete the annual filings as soon as possible."
  • "The company expects, but cannot assure, that the audit and the annual filings will be completed by April 10, 2026..."
Read the original news release →

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SEDAR Interim Financial Statements

None