March 4, 2025, Vancouver, B.C. – Marvel Discovery Corp. (TSX-V: MARV) (FRA: O4T) (OTCQB: MARVF) (the “Company is providing this status update in accordance with National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). As previously announced on January 7, 2025, the Company applied for a management cease trade order (the “MCTO”) to the British Columbia Securities Commission (“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 Company reports that: (i) there are no changes to the information contained in its default announcement on January 7, 2025, January 25, 2025, February 4, 2025, and February 18, 2025 that would reasonably be expected to be material to an investor; (ii) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines set out under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Filings is continuing, which will be issued in the form of a news release;
(iii) there has not been any other specified default by the Company under NP 12-203 and no such other default is anticipated; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
The MCTO will stay in effect until the Required Filings are completed and the Company will continue to issue bi-weekly default status reports as required.
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.