MONTRAL, Qubec, April 27, 2020 (GLOBE NEWSWIRE) -- Elixxer Ltd. (the “Corporation” or “Elixxer”) (TSX-V: ELXR and OTC-QB: ELIXF) announces that, due to logistics and delays caused by the COVID-19 pandemic, it will postpone the filing of its annual consolidated financial statements and related management’s discussion for the 15-month period ended December 31, 2019 (the “Disclosure Documents”).
Elixxer is relying on the blanket exemption provided by the Autorit des marchs financiers and similar exemptions provided by the other members of the Canadian Securities Administrators pursuant to which issuers are granted an additional 45 days to complete their regulatory filings. Elixxer anticipates that its Disclosure Documents will be filed on or about June 15, 2020. Until such time as the Disclosure Documents are filed, as required by the conditions of the extension, Elixxer’s management and other insiders will be subject to a trading black-out that reflects the principles in Section 9 of Policy Statement 11-207.
Other than as previously disclosed by Elixxer in news releases, including the information herein, there are no other material developments since the date of the Corporation’s most recent filings of its interim financial statements and related management’s discussion and analysis for the period ended September 30, 2019. Elixxer will provide an updated news release on the status of the filing of its Disclosure Documents by May 29, 2020.