Sparta Group Faces Cease Trade Order Due to Filing Delay

Sparta Group, listed on the TSX Venture Exchange as SAY, has been issued a Failure to File Cease Trade Order (FFCTO) by the Alberta Securities Commission. This follows the company's inability to submit its annual financial statements for the fiscal year ending September 30, 2024, by the January 29, 2025 deadline. The order restricts all trading in Sparta's securities until the necessary documents are filed.

Sparta's management attributes the delay to an increased workload for both the company and its auditors. They are actively working to complete the filings before the second quarter of 2025. In the interim, the company plans to adhere to the Alternative Information Guidelines mandated by National Policy 12-203.