RE:RE:RE:I hope you shareholders sue Aurelio It is such a cut & paste except for one line:
"...have requested additional time..."
WHY?? What could possibly require this, other than auditors not signing off on these financials?
They are spitting in the face of every regulator and shareholder...when does this stop???
Here it is below:
RELEVIUM PROVIDES REGULATORY UPDATE ON ANNUAL FINANCIALS AND MANAGEMENT CEASE TRADE ORDER
NOVEMBER 30, 2020 - MONTREAL, QUEBEC – Relevium Technologies Inc. (TSX.V: “RLV”, OTC: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”) is providing an update to its previously disclosed management cease trade order ("MCTO"), announced on October 27, 2020, in respect of the audited annual financial statements and corresponding management's discussion and analysis for the year ended June 30, 2020, including the CEO and CFO certifications (collectively, the “Annual Financial Filings”) that were not filed by the required filing deadline of October 28, 2020 (the “Filing Deadline”).
As previously disclosed, the Annual Financial Filings were not filed on or before the Filing Deadline due to the fact that the Company has changed its auditors from Guimond Lavalle Inc. to RSM Canada LLP and the COVID-19 pandemic. The Company has been advised by its new auditors, RSM Canada LLP, that they need more time to complete the audit. Due to the COVID-19 pandemic, the Company has experienced delays in providing to RSM Canada LLP some of the information required for the completion of this audit.
The Company is working expeditiously on the steps required to complete the Annual Financial Filings and expected to be able to file the Annual Financial Filings by November 28, 2020. The Company and the auditors have requested additional time will provide updates as further information relating to the Annual Financial Filings becomes available.
The MCTO will be in effect until the Annual Financial Filings are filed and requires that the Annual Financial Filings be filed.
Until the Annual Financial Filings are filed, the Company will issue bi-weekly default status reports in accordance with National Policy 12-203 - Management Cease Trade Orders. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there have been no material business developments or other material information relating to its affairs as of the date of this news release that have not been generally disclosed.
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