Makenita Resources (CSE:KENY | WKN:A40X6P | OTCID:KENYF) has announced that it is moving to semi-annual financial reporting, under the Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
The Blanket Order allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. To qualify, a company must be listed on the Canadian Securities Exchange (CSE), have an annual revenue of less than C$10 million ($10.2 million), and maintain a clean continuous disclosure record for the past year.
The exemption covers filing of interim reports and related management discussion and analysis (MD&A) for the first and third quarters of the company’s fiscal year. With Makenita’s fiscal year ending 31 July, the company advises it will not file its interim financial report and related MD&A for the period ending 30 April 2026.
President Jason Gigliotti says that this is a fiscally responsible move by the company that will save on accounting fees.
“At the same time, management is anticipating a very active period ahead, which is why it makes sense to increase our marketing budget going forward,” Gigliotti says.
“We are optimistic about both the short and mid-term, and we expect a steady flow of work and news.”
Additionally, Makenita has announced a new investor relations and digital marketing services agreement with Winning Media for a six-month term, subject to renewal.
Winning Media will provide services including advertising, marketing, ticker tagging, content produced by professional finance writers, podcasts, and other related activities.
Under the agreement, Makenita will pay US$50,000 ($71,256) to Winning Media for these services, with payment due within five days of the commencement of services.
Makenita Resources is a Canadian junior resource focused on the exploration of mineral properties.
Write to Amy Rotman at Mining.com.au
Images: Makenita
