(via TheNewswire)
An application for the MCTO was made by the Company due to a delay in the filing of its audited annual financial statements for the fiscal year ended
The Company intends to follow the provisions of the Alternative Information Guidelines set out in National Policy 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default. The Company confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued on
First Quarter Financial Statements
As dislosed in the Company's press release of
Specifically, the Company will be relying on the temporary exemption pursuant to BCI 51-517 with respect to the following:
- the requirement to file interim financial statements for the three month period ended
April 30, 2020 (the "Financial Statements") within 60 days of the Company's interim period ended as required by section 4.4(b) of National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102");- the requirement to file management's discussion and analysis for the three month period ended
April 30, 2020 (the "MD&A") within 60 days of the Company's interim period ended as required by section 5.1(2) of NI 51-102; and- the requirement to file certifications of interim filings (together with the Financial Statements and MD&A, the "Interim Filings") pursuant Section 5.2(b) of NI 51-102.
The Company expects to complete the Interim Filings on or before
For further information, please contact:
Vice President
1 917 287 0716
info@otsogold.com
www.otsogold.com
Forward-looking Statements
This press release contains forward-looking statements regarding the Company based on current expectations andassumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed tobe forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution our readers of this press release not to place undue reliance on our forward-lookingstatements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's continuous disclosure documents that can be found on SEDAR (www.sedar.com) under the Company's issuerprofile. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
About the Company
Neither the
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Copyright (c) 2020 TheNewswire - All rights reserved., source