Pambili's 2022 Financial Statements Filed on SEDAR
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Calgary, AB, Canada - TheNewswire - June 30, 2023 - Pambili Natural Resources Corporation (“Pambili” or the “Company”) (TSXV:PNN) announces that further to its news release dated June 15, 2023, the Company has finally been able to file its audited financial statements for the year ended Dec. 31, 2022. It is expected that the Management Cease Trade Order (“MCTO”) issued by the Alberta Securities Commission (”ASC”) on May 5, 2023, will now be lifted.
As stated in our previous news release the principal reason for the delay was the inability of the Company's external auditors to complete the audit within the required timelines, partly because of the delay in payment of their fees which have now been settled but also because of the late receipt of certain information from Zimbabwe.
Pambili Chief Executive Officer (CEO) Jon Harris stated: “In all my years as a director of public companies this has been the most difficult audit I have experienced and, notwithstanding late payment of retainers, it staggers me that it has taken this long since the initial meeting with the auditors in February, to complete what should have been a routine audit for a company of our size. We will immediately start a review of our internal procedures as well as the audit process itself and take the necessary action to ensure these delays do not happen again.
I would like to thank our shareholders for their patience during this period and, now that the ordeal is over, we can get back to focusing on our mining activities in Zimbabwe.”
About Pambili Natural Resources Corporation: Pambili Natural Resources Corporation is a natural resources exploration and development company (www.pambilinrc.com) currently active in Zimbabwe and in the province of Alberta.
For further information, contact:
Pambili Natural Resources Corporation
T: 403 277 4421
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information Forward-looking statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward- looking statements included in this news release include statements with respect to activities in Zimbabwe. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Corporation does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.
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