on Starrex International, Ltd (NASDAQ:STXMF)
Starrex International Announces Inability To File Q2 Financials on Time
Calgary-based Starrex International, Ltd. (CSE:STX) (OTCQB:STXMF) has announced that it will not meet the August 29, 2024 deadline to file its quarterly financial statements and MD&A for the period ending June 30, 2024. This delay is in violation of Canadian securities laws.
The company anticipates a cease trade order will follow due to its failure to file on time. Starrex plans to update the market as it gains a clearer timeline for meeting these financial filing requirements. Despite these efforts, the company's stock is expected to remain halted.
Starrex is also engaged in ongoing litigation, as disclosed in its Interim Consolidated Condensed Financial Statements for March 31, 2024. This legal issue has significantly impacted the company's financial position. The company cautions that it cannot assure the timing or certainty of resolving these matters.
R. H.
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