This news release is being issued in accordance with the blanket relief of a 45-day extension, provided by Canadian Securities Administrators and B.C. Instrument 51-515 -- Temporary Exemption from Certain Corporate Finance Requirements. In response to recent proclamations from Canadian health authorities and the challenges resulting from the COVID-19 pandemic, the company has taken the necessary precautions to protect the health and safety of its employees and the public. Accordingly, a significant portion of the company's staff as well as its auditor's staff have been working from home, and travel for in-person meetings has been curtailed. While working remotely, the co-ordination of tasks and work product has been more difficult, the completion of audit procedures due to limited access to paper-based supporting evidence has been delayed, and the entire audit process has been slowed. The challenges posed by COVID-19 have resulted in a delay in the finalization and filing of the annual filings. However, the company's board of directors and its management confirm that they are working expeditiously to meet the company's obligations relating to the filing of the annual filings. The company is continuing to work with its auditors to file the annual filings on or before
The company confirms that there have been no material developments, other than those disclosed through news releases, since the filing of its interim financial statements for the period ended
Contact:
Email: g.sangha@claredoncapital.com
FORWARD-LOOKING STATEMENTS
This press release includes certain 'forward-looking information' within the meaning of applicable Canadian securities legislation. All information, other than statements of historical fact included herein, including without limitation, information regarding the future option grant plans and objectives of
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