Yangaroo (TSE:YOO) has released an update.
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Yangaroo Inc. has encountered a setback as its voluntary management cease trade order was rejected by the Ontario Securities Commission, leading to an anticipated failure-to-file cease trade order that will halt trading of the company’s securities in Canada. This development follows the company’s inability to file its annual financial statements on time. Amidst these challenges, Yangaroo’s CFO, Frank Guo, has resigned but will stay on as a financial advisor to aid in resolving the filing issues, with CEO Grant Schuetrumpf stepping in as the interim CFO.
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