American Marconi Wireless News - Sassy Gold Announces Cease Trade Order

The FFCTO was issued as a result of the Company's failure to file the following periodic disclosure documents for the financial year ended June 30, 2025:

1. Annual audited financial statements;

2. Annual management's discussion and analysis ("MD&A"); and

3. Certification of annual filings.

As a result, trading in the securities of Sassy is prohibited in each jurisdiction of Canada that has adopted Multilateral Instrument 11-103, until such time as the FFCTO is revoked or varied in accordance with applicable securities laws.

The Company currently lacks the financial resources necessary to complete its audit and related continuous disclosure obligations. Management continues to assess strategic alternatives and potential sources of capital but can provide no assurance as to the timing or outcome of any such efforts.

About Sassy Gold Corp.

Sassy Gold Corp. is a Canadian junior exploration company focused on advancing its gold and precious metal projects in Newfoundland and Labrador. The Company's projects include the Gander North Project and other exploration-stage assets in Eastern Canada.

Contact Information
Mark Scott
Chief Executive Officer
[email protected]

Caution Regarding Forward Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including but not limited to statements regarding the Company's financial condition, potential funding efforts, strategic options, and the possible revocation of the cease trade order.

Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks include, but are not limited to, the Company's ability to secure financing, dependence on regulatory and third-party approvals, loss of key personnel, general economic conditions, commodity price fluctuations, and the risk that the Company may be unable to maintain its reporting issuer status or corporate existence. The Company cautions readers that there can be no assurance that it will obtain additional financing, complete its required filings, or have the FFCTO revoked. Forward-looking information speaks only as of the date of this release, and the Company assumes no obligation to update or revise it except as required by applicable law.

Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with applicable securities regulatory authorities and may be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Sassy Gold Corp.

View the original press release on ACCESS Newswire

A.Mahlangu--AMWN