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VANCOUVER, BC, July 30, 2025 (GLOBE NEWSWIRE) — Carbon Done Right Developments Inc. (“Carbon Done Right” or the “Company”) (TSXV: KLX) (FSE: Q1C), a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company, announces that on July 30, 2025, the British Columbia Securities Commission (“BCSC”) has issued a failure-to-file cease trade order (the “CTO”) under National Policy 11‑207 Failure‑to‑File Cease Trade Orders and Revocations in Multiple Jurisdictions.
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The CTO was issued because the Company did not file the following continuous disclosure documents (collectively, the “Documents”) by the filing deadline of July 29, 2025:
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- the Company’s Annual Audited Financial Statements for the year ended March 31, 2025, as required by Section 4.2 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”);
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- the Company’s Management Discussion & Analysis for the year ended March 31, 2025, as required by Section 5.1(2) of NI 51-102; and
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- certificates of the Chief Executive Officer and Chief Financial Officer of the Company relating to such audited annual financial statements as required by National Instrument 52-109 – Certification of Disclosure in Issuers’
Annual and Interim Filings.
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All trading in the Company’s securities is prohibited until the Required Filings are made and the CTO is revoked.
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The reason for the delay in the filing of the Documents is due to the Company’s recent change of auditor and the need to address certain transitional matters arising from that change. These matters have temporarily affected the coordination and progress of the audit process. The Company is actively working to resolve the outstanding issues and is allocating internal resources to support the completion of the audit. The Company remains committed to finalizing the Documents as soon as practicable and ensuring continued compliance with its disclosure obligations. The Company expects to file the Documents by September 30, 2025. Once the required filings have been made, the Company will apply to the securities regulators for a full revocation of the CTO and will request that the TSX‑V lift the trading suspension.
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About Carbon Done Right
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Carbon Done Right is an owner and operator of nature-based carbon assets that serves the growing demand for carbon credits from companies seeking to meet their Net Zero goals. The Company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. The Company’s dedication to environmental stewardship and its robust pipeline of carbon credit projects makes it a trusted partner to the largest buyers of carbon credits in the world, in the fight against climate change. Carbon Done Right deploys capital at risk under various arrangements (including cooperation, assignment, and production sharing agreements) with government engagement in various suitable jurisdictions around the world including Sierra Leone, Yucatan, Guyana and Suriname.
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ON BEHALF OF THE BOARD OF DIRECTORS
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“James Tansey”
James Tansey
Chief Executive Officer
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For further information please contact:
English (US)