SPARTA REPORTS ON DELAY IN FILING ANNUAL FINANCIAL STATEMENTS
Sparta Capital Ltd. has completed the filing of an application seeking a management cease trade order (MCTO) under National Policy 12-203, from the Alberta Securities Commission (ASC).
Sparta has filed an application seeking an order for an MCTO from the ASC because the company was unable to file its annual financial statements for the year ended Sept. 30, 2025, including the related management discussion and analysis and certifications from the chief executive officer and chief financial officer, in time to meet the Jan. 28, 2026, filing deadline. The delay in filing the audited statements is due to time constraints of the auditor and continuing requests for more information from the issuer.
Sparta expects to file the annual filings on or before Feb. 27, 2026.
The MCTO restricts all trading in securities of the company by the chief executive officer and chief financial officer of the company until the MCTO is no longer in effect. The MCTO will be in effect until the annual filings are filed.
Until the annual filings are filed, the company intends to satisfy the provisions of the alternative information guidelines set out in National Policy 12-203, Management Cease Trade Orders.
The company confirms that, other than what was disclosed in prior press releases, there have been no material business developments since the filing of the company’s latest interim financial report.
About Sparta Capital Ltd.
Sparta Group is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. This structure provides brand recognition, insight, high-level strategic guidance and financial monitoring. Sparta Group is divided into three operational business segments, each accountable for its day-to-day operations and performance. Those segments are environment, energy and innovation.
Sparta is a publicly traded company listed on the TSX Venture Exchange under the symbol SAY.
