Pacific Arc Resources Ltd. Announces Revocation of Cease Trade Order and Reinstatement of Trading
November 27, 2025 12:12 PM EST | Source: Pacific Arc Resources Ltd.
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2025) - Pacific Arc Resources Ltd. (NEX: PAV.H) ("Pacific Arc" or the "Company") announces that the failure to file cease trade order ('FFCTO") issued by the British Columbia Securities Commission (the 'BCSC") has been revoked as of October 7, 2025.
The initial FFTCTO was issued as a result of the Company's delay in filing its annual financial statements and accompanying management discussion and analysis for the fiscal year ended January 31, 2025 (the 'Annual Filings") by May 31, 2025, in accordance with Canadian securities laws. The Company received a second FFCTO as a result of the delay in filing of interim financial statements for the period ended July 31, 2025.
Pacific Arc also wishes to announce that the Company will complete the reinstatement review for the reinstatement of trading from the TSX Venture exchange of the Company's common shares on the NEX board under the symbol PAV.H.
As part of the reinstatement the Company also wishes to announce the following:
1. Notice of AGM, the company is not in compliance with Exchange Policy 3.2, section 4.1 with respect to its AGM and has been placed on a 90-day Notice to hold the next AGM due to non-compliance with Exchange Policy 3.2, section 4.1. The Company has agreed that it will hold an AGM in compliance with Exchange Policy as soon as possible and will issue a news release upon reinstatement of trading it is anticipated the AGM will be held on or January 15, 2026
2. Appointment of new CFO, the Company announced the resignation of Mr. Alex McAulay in his role of CFO in a news release dated May 13, 2025. Mr Stephen Brohman has accepted the role of CFO effective July 22, 2025.
Board and Officers, with the resignation of Mr Raphael Danon as Chairman of the board as announced by the company May 12, 2025, the board of the Company has 3 members, of which 2 are independent. The current officers and directors of the Company are as follows
John MacPhail: Chairman and director
Brock Daem: Director (Independent)
Mark Klein: Director (Independent)
The officers of the Company are:
John MacPhail: President and CEO
Stephen Brohman: CFO
Catherine Cox: Corporate Secretary
The Audit Committee is comprised of
Brock Daem, Mark Klein, John MacPhail
3. Arms Length Loans, the Company received unsecured loans in the amount of $10,000.00 (December 19, 2024) $25,000.00 (May 28th, 2024) and $7,000.00 (May 28th, 2024) each from Arms-Length parties to the Company. The $25,000.00 loan carries a 12% interest rate while the remaining loans are non interest bearing.
4. Appointment of Corporate Secretary, Catherine Cox was appointed Corporate Secretary August 1, 2025.
5. Termination of Private Placement, the Company announced a Non-Brokered Private Placement on May 22, of 18,628,710 shares at a price of CAD $0.015 per share. The placement was not completed and the transaction has been terminated.
Pacific Arc has unsuccessfully pursued a number of transactions over the past several years. The Company remains committed to identifying an opportunity that will provide value and opportunity to the shareholders.
The Company will provide updates if and when necessary, in accordance with applicable securities laws.
About Pacific Arc Resources Inc.
Pacific Arc is a reporting issuer in the Provinces of British Columbia, Alberta, and Ontario incorporated under the BCBCA.
Neither the 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.
For more information please contact:
John MacPhail, President, CEO & Director,
Phone: +34 677 38 41 68 john@johnmacphail.ca
This news release does not constitute an offer to sell and is not a solicitation of an offer to buy any securities in the United States. The securities of the Company and B.C. Ltd. have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws unless pursuant to an exemption from such registration.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: the financial markets generally, the results of the due diligence investigations to be conducted by the Company, the ability of the Company to complete the Transaction or the Offering or obtain requisite TSXV acceptance and, if applicable, shareholder approvals. There can be no assurance that forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276191
