RE:RE:RE:IS nda still halted? FYI, GLTA
Neptune Digital misses annual results filing deadline
2023-01-03 03:04 ET - News Release
Mr. Cale Moodie reports
NEPTUNE DELAYED IN COMPLETION OF ANNUAL FILINGS
Neptune Digital Assets Corp.'s audited annual financial statements, chief executive officer and chief financial officer certifications, and management's discussion and analysis for the year ended Aug. 31, 2022, were not finalized for filing on Dec. 29, 2022, being the date that such filings were due under applicable Canadian securities laws. The annual filings are delayed due to complexities in the overall cryptocurrency industry, including auditing recent transactions. The company is working diligently with its auditor to complete the remaining audit and make the required filings as soon as possible. The company currently anticipates being able to file the annual filings before the end of January, 2023. Once complete, a news release will be issued indicating that the annual filings have been submitted. In the interim, the company continues to operate without disruption.
"Two thousand twenty-two was a difficult year in the crypto ecosphere with numerous bankruptcies and associated contagion throughout the industry. Neptune has not been completely immune to these disruptions, and as we would expect, scrutiny over complex transactions such as Neptune's defi operations has increased substantially. This combined with the holiday season has unfortunately delayed the audit and associated regulatory filings we hope to be filing very shortly, and on the back end, it is business as usual," stated Cale Moodie, Neptune Digital's president and chief executive officer.
The company confirms that there is no material information concerning the affairs of the company that has not been generally disclosed and that its auditor has completed reviews of its previously filed interim financial statements. The B.C. Securities Commission is expected to issue a cease trade order, which will order general trading, whether direct or indirect, of its securities to be ceased. Upon the filing of its annual filings, the company believes that it will have satisfied the conditions of the BCSC to have the CTO lifted such that trading in its securities will resume.
About Neptune Digital Assets Corp.
Neptune Digital is one of the first publicly traded blockchain companies in Canada and is a cryptocurrency and blockchain infrastructure leader with operations across the digital asset ecosystem, including bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (defi) and other associated blockchain technologies.