(via TheNewswire)
The Company has experienced delays in its audit process, mainly due to COVID-19 travel restrictions and is working diligently with its auditors to address any remaining underlying issues so that it can complete its year-end audit as soon as possible. The Company anticipates being in a position to file the Required Filings on or before
As a result of the Company's inability to complete its Required Filings by
The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases so long as it remains in default of the filing requirements set out above.
In connection with the Company's prior reliance on BC Instrument 51-515 -Temporary Exemption from Certain Corporate Finance Requirementsfor purposes of extending the Filing Deadline for the Required Filings by an additional 45 days, the Company has also established a blackout on trading by directors, officers and other insiders of the Company, that reflects the principles in section 9 of National Policy 11-207 -Failure-to-File Cease
For further information, please contact:
Vice President
(917) 287-0716
info@otsogold.com
www.otsogold.com
About the Company
Neither the
Cautionary Note Regarding Forward-Looking Statements:
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the timeline for the finalization and filing of the Required Filings, the request for an MCTO and its effects if granted and the issuance of bi-weekly status reports in satisfaction of NP 12-203. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the price of commodities, changing foreign exchange rates, actions by government authorities, reliance on key personnel, the need for additional financing, the timing and amount of expenditures and general business, economic, competitive, political and social uncertainties. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
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Copyright (c) 2020 TheNewswire - All rights reserved., source