06:54 AM EST, 01/03/2025 (MT Newswires) -- Western Resources ( WTRNF ) on Friday said the British Columbia Securities Commission has granted its request for a management cease trade order, effective Thursday.

The company applied for the MCTO due to a delay in filing its annual information form, audited annual financial statements and related management's discussion and analysis, and certifications for the financial year ended Sept. 30, 2024.

Western Resources ( WTRNF ) attributed the delay to "financial hardship" it continues to experience.

The company said it is working to secure new investment and is working with its auditor to make the filings as soon as possible, expected on or before Feb. 28.

The MCTO restricts Western Resources' ( WTRNF ) insiders from all trading in securities of the company until the filings have been made and the MCTO is no longer in effect.