There is no particular issue with the pending audit causing the delay and the auditor has all material information to complete its audit procedures. The delay in the filing of the Required Filings is due to the difficulty of travel between the US and
The Company intends to work with its auditor to complete the preparation of these filings and expects to file its 2020 annual financial statements and related management's discussion and analysis on or before
The Company has applied to the
The management cease trade order, if approved, will generally not affect the ability of persons who are not or have not been management of the Company to trade in its securities.
The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements.
The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.
Other than as disclosed herein, the Company is up to date in its filing obligations.
About GABY
Based in
GABY's shares trade on the CSE under the symbol 'GABY' and on the OTCQB under the symbol 'GABLF'.
Cautionary Statement
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words 'expect', 'anticipate', 'continue', 'estimate', 'objective', 'ongoing', 'may', 'will', 'project', 'should', 'believe', 'plans', 'intends' and similar expressions are intended to identify forward-looking information or statements. More particularly, and without limitation, this news release contains forward looking statements and information concerning the anticipated filing of the financial statements and the approval of the management cease trade order by the ASC.
The forward-looking statements and information are based on certain key expectations and assumptions made by GABY. Although GABY believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because GABY can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed.
Contact:
Email: margot@GABYInc.com
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