I would expect something similar will be released by TAAT..note same year end Oct 31....and same due date to submit to Sedar Feb 28...
Delay in Filing Audited Annual Financial Statements
March 1, 2019
March 1, 2019, Vancouver, B.C., NetCents Technology Inc. (“NetCents” or the “Company”)
(CSE: NC) wishes to announce that the filing of its audited annual financial statements for the year
ended October 31, 2018, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the “Annual Financial Filings”) will not be filed by the required
filing deadline of February 28, 2019 (the “Filing Deadline”).
The Company has been preparing their Financial Statements to meet the February 28, 2019 filing
deadline but was notified by its auditor on Friday February 21, 2019 that additional audit
procedures needed to be completed resulting in a delay in the completion of its audit. As a result,
the Annual Financial Filings will not be filed before the Filing Deadline as the Company continues
to work to provide responses to the auditors of the Company, in connection with the requested
documentation.
The Company’s staff are working diligently with its auditors and the Company anticipates that it
will be in a position to file the Annual Financial Filings before March 15, 2019.
The Company has voluntarily applied to the applicable securities regulatory authorities and
received a management cease trade order related to the Company’s securities to be imposed against all of the persons who are currently directors or officers of the Company to trade securities of the Company. The management cease trade order will be in effect until the Annual Financial Filings are filed. All other securityholders will still be able to trade in the securities of the Company in accordance with applicable securities laws.
Until the Annual Financial Filings are filed, the Company intends to provide information in
accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.
On Behalf of the Board of Directors
NetCents Technology Inc.
“Clayton Moore”
Clayton Moore, CEO, Founder and Director