Petrolympic Ltd. Transitions to Semi-Annual Financial Reporting

Petrolympic Ltd. has announced its participation in the semi-annual financial reporting pilot program. This shift, enabled by the Coordinated Blanket Order 51-933, allows eligible venture issuers like Petrolympic to reduce the frequency of their financial reporting. By opting for semi-annual instead of quarterly reports, the company aims to alleviate the administrative and financial demands of its current reporting schedule.

The company, which has its fiscal year ending on December 31, will forego interim financial reports and analysis for its first and third quarters. Petrolympic remains committed to timely disclosure under National Instrument 51-102 and TSXV guidelines. The firm continues to meet the program's eligibility criteria, including a clean disclosure record and annual revenues under $10 million.