Time to start buying infomercials. Not good. TORONTO, June 23, 2020 /CNW/ -- Torque Esports Corp. ("Torque" or the "Company" (TSX-V: GAME) (OTCQB: MLLLF) announces that trading of its shares on the TSX Venture Exchange will be halted on June 23, 2020. The halt in trading is a result of the delay in filing its 2nd quarter interim financial statements for the six-month period ended February 29, 2020, the related management's discussion and analysis and certificates of its CEO and CFO (collectively, the "Required Filings") with Canadian securities regulators. The Company intends to make the Required Filings this week.
In connection with this delay, the Ontario Securities Commission ("OSC") issued a cease trade order (the "CTO") against the Company. The Company expects the CTO to affect trading in all securities of the Company by securityholders of the Company. The CTO will remain in effect until such time as the Company has made the Required Filings. Once the Required Filings are made, such filings will constitute the Company's application to have the CTO revoked and the Company's common shares will resume trading shortly thereafter as normal.
Until the Required Filings are filed, the Company intends to provide information in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.