March 7, 2025, Vancouver, B.C. – Marvel Discovery Corp. (TSX-V: MARV) (FRA: O4T) (OTCQB: MARVF) (the “Company announces that trading in the Company’s securities on the TSX Venture Exchange (“Exchange”) has been suspended as a result of the issue of a Cease Trade Oder (“CTO”) on March 5, 2025 by the British Columbia Securities Commission (“BCSC”).
The CTO was issued with respect to the Company’s failure to file its annual audited financial statements and MD&A for the year ended August 31, 2024, by the filing deadline of December 29, 2024.
As previously announced on January 7, 2025, the Company applied for a management cease trade order (the “MCTO”) to the (“BCSC”) due to an expected delay in filing its annual financial statements, management’s discussion and analysis and related officer certificates for the financial year ended August 31, 2024 (collectively, the “Required Filings”). The BCSC granted the MCTO on January 2, 2025 and the Company’s management continues to work diligently with its auditor to complete the Required Filings.
The suspension will remain in effect until the Required Filings are completed, the CTO is revoked by the BCSC, and a review by the Exchange.
Chief Executive Officer, Director Tel: 604 716 1036
Email: info@marveldiscovery.ca
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
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.