During the period in which the MCTO is effective, the general public, who are not insiders of the Company, will continue to be able to trade in the Company's listed securities. The MCTO application has been made but there is not guarantee or assurance that the MCTO will be granted.
The Company expects it will be unable to file its audited financial statements for the year ended
The Company's failure to file its Required Filings by the Filing Deadline is due to the ongoing complications in coordinating with the Company's auditors and collection of required data and documentation to complete the audit of the Company and its various subsidiaries, during the financial year end
The Company anticipates that it will be in a position to remedy the default by filing the Required Filings on or about
During this MCTO, all management, officers and directors of the Company will be prohibited from trading in the Company's securities pursuant to the Company's black-out procedures.
The Company intends to satisfy the provision of the alternative information guidelines set out in sections 9 and 10 of NP-12-203 as long as the Required Filings are outstanding.
Change in Officers
The Company announces that Ms.
Contact:
Tel: (604) 683-0911
Email: groehlig@zincone.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One's limited operating history and its ability to complete sufficient financing to repay amounts owed to its creditors. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.
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