Sparta Group Announces Delay in Annual Financial Filings and Expected Date

TORONTO, ON - Sparta Group has declared it anticipates filing its annual financial statements by March 29, 2024, following a previous delay. This update follows a February 8 announcement concerning a delay caused by the passing of a key officer, leading to operational transitions and delayed responses to auditor requests. The Alberta Securities Commission has issued a Management Cease Trade Order, affecting the CEO and CFO's ability to trade company securities but leaving regular trading by investors unaffected. The company is also advancing a mobile app for Canadian truckers, building upon its initial U.S. launch.

Sparta's efforts to comply with National Policy 12-203 guidelines continue as it works towards the finalization of its Annual Filings. Despite these challenges, there have been no significant business developments beyond those previously disclosed. The company emphasizes its commitment to transparency and regulatory compliance during this period. Sparta Group remains focused on its diversified technology integration within its operational segments: Environment, Energy, and Innovation.