application to the TSX Venture Exchange for a reinstatement
Secova files amended Q3 fiscal 2020 MD&A
2020-11-10 23:47 ET - News Release
Mr. Brad Kitchen reports
SECOVA FILES AMENDED MARCH 31, 2020 QUARTERLY MANAGEMENT DISCUSSION AND ANALYSIS STATEMENT
As a result of a review by the B.C. Securities Commission, Secova Metals Corp. is issuing the following press release to clarify its disclosure in the company's March 31, 2020, quarterly management's discussion and analysis.
The company has been subject to a continuous disclosure review with the B.C. Securities Commission as a result of the cease trade order imposed on Dec. 30, 2019, for failure of the company to file its audited annual financial statements on time. As a result of this review, the BCSC identified certain disclosure deficiencies in the company's MD&A. These deficiencies relate to the following:
- Disclosure regarding the company's focus on resource exploration and that it no longer will pursue the development of a resource-backed cryptocurrency;
- Further details regarding the company's proposed acquisition of the Montauban assets from DNA Canada Inc.;
- Inclusion of selected annual information;
- More fulsom disclosure of certain operating expenses.
Now that these deficiencies have been addressed and included in the amended and restated March 31, 2020, quarterly management's discussion and analysis, the company will apply for a revocation of the BCSC cease trade order and, upon receipt of the revocation, will then immediately make application to the TSX Venture Exchange for a reinstatement of trading.
About Secova Metals Corp.
Secova is a Canadian exploration company focused on building a strong asset base through exploration of undervalued projects in Canada. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. The company's main focus is its 100-per-cent ownership of the Eagle River project, which is adjacent to and on trend with several gold projects in the Windfall Lake district of Urban Barry in Quebec. Secova will use its expertise in early-stage exploration to create shareholder value by attempting to prove out the potential resource of these assets.
We seek Safe Harbor.
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