CALGARY, AB and TORONTO, June 16, 2023 /CNW/ - Magnetic North Acquisition Corp. (TSXV: MNC) (TSXV: MNC.PR.A) ("Magnetic North" or the "Company") is providing this bi-weekly update on the status of the management cease trade order granted on May 5, 2023 (the "MCTO") by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), following the Company's announcement on May 2, 2023 (the "Default Announcement") that it was unable to file its audited annual financial statements, management's discussion and analysis and related certifications for the year ended December 31, 2022 (the "Documents") on or before May 1, 2023, as required under applicable securities laws. The Company still expects to file the Documents by June 30, 2023.
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