CALGARY, AB and TORONTO, April 26, 2024 /CNW/ - Magnetic North Acquisition Corp. (TSXV:MNC) (MNC.PR.A) ("Magnetic North" or the "Company") announces that it will not meet the filing date for filing of the following continuous disclosure documents (collectively, the "Annual Filings"): the Company's Annual Audited Financial Statements for the year ended December 31, 2023, as required by section 4.2 of National Instrument 51-102 – Continuous Disclosure Obligations ("NI 51-102"); the Company's Management Discussion & Analysis for the year ended December 31, 2023, as required by section 5.1(2) of NI 51-102; and the Company's CEO and CFO certifications of annual filings relating to the Annual ‎Financial ‎Statements, as required by ‎National Instrument 52-109 – Certification of ‎Disclosure in ‎Issuers' Annual and Interim Filings. The delay is due in large part ‎to staffing and scheduling issues at the Corporation's third-party accounting ‎‎services provider‎‎. Accordingly, the Company has applied to the Alberta Securities Commission for a Management Cease Trade Order that will prohibit the management of the Company from trading in the securities of the Company until such time as the Annual Filings are filed. No decision has yet been made by the Alberta Securities Commission on this application. The Alberta Securities Commission may grant the application and issue the Management Cease Trade Order or it may impose an issuer cease trade order if the Annual Filings are not filed in a timely fashion. The Company continues to work to complete the Annual Filings and ‎expects to file the Annual Filings by May ...