Announcement • Apr 14
Gold Flora Corporation Announces Board Resignations As previously reported, on March 27, 2025, Gold Flora Corporation (the “Company”) and its subsidiaries filed an ex parte application for receivership under the laws of the State of California in the Los Angeles County Superior Court, Santa Monica Division (the “Court”), Case No. 25SMCP00161, on March 28, 2025, the Court issued an order granting the Company’s application and appointed Stone Blossom Capital, LLC, by and through its principal Richard Ormand, as the receiver of the Company. Gold Flora Corporation announced on April 7, 2025 that Michael Lau, Heather Molloy, and Jeffery Sears each resigned from the Board of Directors of the Company, effective immediately. On April 8, 2025, Al Foreman also resigned from the Board of Directors of the Company, effective immediately. Announcement • Apr 03
Gold Flora’s Securities to be Transferred to the OTC Pink Market, Effective as of the Open of Trading on April 3, 2025 As previously reported, on March 27, 2025, Gold Flora Corporation (the ‘Company’) and its subsidiaries filed an ex parte application for receivership under the laws of the State of California in the Los Angeles County Superior Court, Santa Monica Division (the ‘Court’), Case No. 25SMCP00161. On March 28, 2025, the Court issued an order (the ‘Order’) granting the Company’s application and appointed Stone Blossom Capital, LLC, by and through its principal Richard Ormand, as the receiver of the Company (the ‘Receiver’). Pursuant to the Order, the Receiver took possession of all assets of the Company and is authorized to take any action the Receiver deems reasonable and appropriate to manage and operate such assets, including the marketing and sale of assets. The Receiver has broad powers and authority to seize, collect, manage, control, preserve, protect, maintain, liquidate or conserve value of all of the assets of the Company in accordance with California law. Accordingly, the Receiver is empowered to sell all of the assets of the Company (together or separately) and distribute the proceeds of such sale to the Company’s creditors in a manner approved by the Court. As previously reported, on March 28, 2025, the Company’s securities were halted from quotation on the OTCQB marketplace operated by OTC Markets Group Inc. (‘OTC’). On April 2, 2025, the Company received a notice from OTC notifying the Company that, as a result of its receivership filing, the Company no longer qualified for quotation on the OTCQB marketplace and that the quotation of the Company’s securities would be transferred to the OTC Pink Market effective as of the open of trading on April 3, 2025. Announcement • Apr 02
Gold Flora Corporation Announces Suspension of Trading on Cboe Canada As previously reported, on March 27, 2025, Gold Flora Corporation (the Company") filed an application for receivership under the laws of the State of California in the Los Angeles Superior Court, Santa Monica Division (the Court"). On March 28, 2025, the Company received a letter from Cboe Canada Inc. (Cboe") notifying the Company that, in accordance with Section 11.03(1)(a) of the Cboe listing manual (the Listing Manual"), trading in the Company's common stock and warrants was suspended as of the start of trading on March 28, 2025. Cboe has also issued a bulletin to that effect. Additionally, on March 28, 2025, the Company's securities were halted from quotation on the OTCQB marketplace operated by OTC Markets Group Inc. Pursuant to Section 11.06 of the Listing Manual, if the suspension is not lifted within 150 days, the Company's securities will be automatically delisted without further notice. There can be no assurance that the suspension will be lifted during that timeline, and it is anticipated that the Company's securities will ultimately be delisted from Cboe.