Magnetic North Acquisition Corp. Announces Cease Trade Order

CALGARY, Alberta and TORONTO, July 03, 2025 (GLOBE NEWSWIRE) -- Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) (“Magnetic North” or the “Company”) announces that the Alberta Securities Commission (the “ASC”) has issued a cease trade order against the Company for the Company’s failure to file its audited annual financial statements, accompanying management discussion and analysis and certifications for the financial year ended December 31, 2024, and the corresponding condensed interim financial statements, management discussion and analysis and certifications for the three month period ended March 31, 2025. As previously announced, the Company experienced unexpected delays in the preparation of its 2024 annual filings, due April 30, 2025.