Kolibri Global Energy Inc. Provides Update on 2023 Annual Filings

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from Business Wire

Published on April 30, 2024 • 3 minutes reading time

THOUSAND OAKS, Calif. – Kolibri Global Energy Inc. (the “Pursue“) provides an update regarding management’s halt to trading order (“MCTO“), issued by the British Columbia Securities Commission (the “BCSC“) on April 3, 2024 and as previously announced by the Company. The MCTO was filed by the BCSC in connection with the Company’s delay in filing its annual information form, audited financial statements, management’s discussion and analysis and related officers’ certifications for the fiscal year ended December 31, 2023 (collectively, the “Annual Submissions“).

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The Company is providing this status update in accordance with National Policy 12-203 – Management places trading orders (“NP 12-203“). The company expects to file annual filings by the end of this week. The company will issue a press release once annual filings are filed. Until the Company files its annual filings, it will comply with the alternative information policies set forth in NP 12-203, including issuing biweekly standard status reports in the form of press releases. The Company confirms, as of the date of this press release, that there have been no material changes to the information contained in the Company’s press release dated April 3, 2024 and that there is no other material information relating to the Company’s affairs that has not been generally disclosed .

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About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is a North American energy company focused on the exploration and exploitation of oil and gas energy projects. The Company owns and operates energy properties in the United States through various subsidiaries. The Company continues to leverage its technical and operational expertise to identify and acquire additional projects in oil, gas, and clean and sustainable energy. The Company’s shares trade on the Toronto Stock Exchange under the symbol KEI and on the NASDAQ under the symbol KGEI.

Forward-Looking Statements

Cautionary Statement Regarding Forward-Looking Statements: This press release contains certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the Company’s management’s expectations or beliefs regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “expects,” “intends” or “anticipates” or variations of such words and phrases or statements indicating specific actions, events or results. “may”, “could”, “should”, “would” or “occur”. Such information and statements, referred to herein as “forward-looking statements,” are not historical facts and are made as of the date of this press release and include, but are not limited to, statements regarding discussions of future plans, estimates and projections, and statements of expectations and intentions management’s expectations, including management’s expectations that the Company will file its annual reports within the time frame described herein.

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These forward-looking statements involve numerous risks and uncertainties and actual results may differ materially from those suggested in the forward-looking statements. These risks and uncertainties include, but are not limited to: the Company’s inability to file annual filings within the proposed time frame; recent market volatility; and the condition of the financial markets for the Company’s securities.

In making the forward-looking statements in this press release, the Company has made several material assumptions, including, but not limited to, that the Company will be able to file annual filings within the proposed time frames.

Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in any forward-looking statements or forward-looking information, there may be other factors that cause the results to differ does not correspond to expectations, estimates or intentions. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company undertakes no obligation to update any forward-looking statements, forward-looking information or financial outlooks incorporated herein by reference, except in accordance with applicable securities laws. We’re looking for a safe haven.