Three TSXV Venture Issuers Shift to Semi-Annual Reporting Under CBO 51-933
SAR•On May 26, three TSXV-listed venture issuers – Gold Orogen, Rackla Metals and Lode Gold – each adopted semi-annual financial reporting under CBO 51-933 to shift from quarterly to twice-annual disclosures. This coordinated move aims to reduce administrative burdens and reallocate resources toward exploration and development projects.
1. Issuers Adopt Semi-Annual Reporting
On May 26, Gold Orogen, Rackla Metals and Lode Gold each filed notices electing to move from quarterly to semi-annual financial reporting under the provisions of Coordinated Blanket Order 51-933. Each issuer confirmed eligibility criteria were met, triggering voluntary transition dates and future reporting timelines.
2. Administrative and Financial Objectives
The primary goal cited by the companies is to lower compliance costs and administrative workload by reducing quarterly disclosure requirements. Management teams plan to redirect saved time and budget toward advancing mineral exploration, project development and operational initiatives.
3. Overview of Coordinated Blanket Order 51-933
CBO 51-933 serves as a pilot program allowing eligible TSXV issuers to adopt a semi-annual reporting framework. Requirements include meeting size, public float and reporting history thresholds, with the aim of testing streamlined disclosure for smaller venture companies.
