Now March 29 MONTREAL , Feb. 13, 2015 /CNW Telbec/ - (SDW.V) - Sofame Technologies must file its annual audited financial statements by March 29 , 2015. The Autorité des marchés financiers has granted an extension, and also issued a Management Cease-Trade Order (MCTO). Sofame requested the MCTO prior to missing the January 29, 2015 filing deadline for its audited annual financial statements, management discussion and analysis ("MD&A") and CEO and CFO certifications for the year ended September 30 , 2014. The MCTO will remain in place for a period of sixty (60) days, during which time Sofame must complete the audit of its financial statements and related documents.
In accordance with Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults,Sofame will provide bi-weekly updates on further developments at the company until the filing requirements are met. In the event the audit is not completed within the delay, a general Cease Trade Order will be imposed.
Since the current MCTO applies only to directors, officers or insiders, all other persons are permitted to freely trade Sofame's shares.