Post by
Tim2Agami on Mar 22, 2023 12:37pm
Filing default
Vancouver, BC., March 20, 2023.
Pontus Protein Ltd. (TSXV: HULK, OTCQB: HLKKF, FSE: 8YC) (“Pontus” or the “Company”) announces today that it does not anticipate being in a position to file its audited annual financial statements (the “Issuer Statements”), management’s discussion and analysis and related certifications for the financial year ended November 30, 2022 on or before March 30, 2023, as required, due to delays in connection with the sale of the Company’s Aquaponics business and recent changes to both the management and the auditors of the Company.
Accordingly, the Company has requested the issuance of a management cease trade order under the provisions of National Policy 12-203 Management Cease Trade Orders (“NP 12-203”) so as to permit the continued trading in the Company’s common shares by persons other than insiders and employees of the Company.
The Company’s finance and accounting teams are working diligently with its auditors, and the Company expects to have the audit of the Issuer Statements completed, and the Issuer Statements filed, no later than April 30, 2023.
The Company confirms that it intends to satisfy the provisions of NP 12-203 and issue bi-weekly default status reports for so long as the Company remains in default of the financial statement filing requirement, containing any material changes to the information in this release, all actions taken by the Company to remedy the default; particulars of any failure by the Company to fulfill these provisions, any subsequent defaults of the Company requiring a default announcement and any other material information concerning the affairs of the Company not previously disclosed.
The Company is not subject to any insolvency proceedings nor is there in other material information concerning the affairs of the Company that has not been generally disclosed.