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Petrolympic Adopts Semi-Annual Financial Reporting
- PCQ.V
- PCQRF
TORONTO, ON /ACCESS Newswire/ September 23, 2026 /Petrolympic Ltd. (the “Company“) (TSXV:PCQ)(OTC PINK:PCQRF) is pleased to announce its intention to adopt the policies outlined in the semi-annual financial reporting pilot program (the “SAR Pilot Program”) utilizing the exemptions provided under Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the “Blanket Order”). This news release is being filed pursuant to the Blanket Order.
The Blanket Order allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR Pilot Program, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.
The Company’s fiscal year ends on December 31. Under the SAR Pilot Program, the company will be exempt from filing interim financial reports and related Management’s Discussion & Analysis (“MD&A”) for its first and third quarters.
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Interim Period: The Company will not file interim financial statements and MD&A for the three-month and nine-month period ending September 30, 2026, being the initial interim period for which the Company does not intend to file an interim financial report and related MD&A in reliance on the Blanket Order; and
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Ongoing Reporting: The Company will continue to file audited annual financial statements and MD&A (due within 120 days of December 31) and six-month interim financial statements and MD&A (due within 60 days of June 30).
The Company confirms it meets the pilot program’s eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million, having been a reporting issuer for at least 12 months and having filed all required periodic and timely continuous disclosure documents, with a clean continuous disclosure record during the preceding 12 months.
The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 Continuous Disclosure Obligations and the policies of the TSXV.
Petrolympicis a Junior Canadian gold and lithium mining company with strategic assets located in the provinces of Quebec and Ontario, Canada. The Company is presently focused on its gold properties in Quebec, including the Rayon d’Or and Belcourt assets, where Petrolympic has already completed several drilling campaigns, for a total of about 5,000 linear meters. These properties have significant potential to deliver long-term value, with documented gold occurrences and numerous exploration leads supported by geophysical, geochemical and drilling campaigns. Both properties are easily accessible by road, thus reducing significantly the exploration costs.
