OTTAWA, Jan. 30, 2014 /CNW/ - BluMetric Environmental Inc. (TSX-V: BLM),
an Ottawa-based cleantech company, advised on January 28, 2014 that it
would not be able to file its audited financial statements for the
thirteen months ended September 30, 2013 and related MD&A and CEO and
CFO certificates by January 28, 2014, as required under securities
laws.
The Company applied for, and on January 30, 2014 received from its
principal regulator, the Ontario Securities Commission, a temporary
Management Cease Trade Order (the "MCTO") under Part 4 of National
Policy 12-203. By virtue of the MCTO, and until the required filings
are complete, neither of the Co-CEOs nor the CFO is permitted, directly
or indirectly, to trade in or acquire securities of the Company for a
period of 15 days from the date of MCTO or any extension of the MCTO.
The Company anticipates completing its annual filings during the week of
February 3, 2014.
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About BluMetric
BluMetric, a cleantech company, delivers sustainable solutions to
complex environmental issues. The Company serves clients in many
industrial sectors, and at all levels of government, in Canada and
abroad.
BluMetric operates through two divisions:
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Professional Services, providing environmental earth sciences and engineering solutions,
including contaminated site remediation, water resource management,
industrial hygiene, occupational health & safety, and renewable
energy. This division also operates under the names "WESA" and
"Envir-Eau"
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Water, focussed on design-build and pre-engineered product solutions to
industrial/commercial water and wastewater treatment needs. This
division also operates under the names "WESAtech" and "Seprotech".
More information can be obtained at www.blumetric.ca
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. Some of the statements in this press
release, including those relating to the Company's strategies and other
statements that are predictive in nature, that depend upon or refer to
future events or conditions, or that include words such as "expects",
"anticipates", "intends", "plans", "believes", "estimates" or similar
expressions, are forward-looking statements within the meaning of
securities laws. Forward-looking statements include, without
limitation, the information concerning possible or assumed future
results of operations of the Company. These statements are not
historical facts but instead represent only the Company's expectations,
estimates and projections regarding future events. The Company does not
undertake any obligation to update or release any revisions to these
forward-looking statements to reflect events or circumstances after the
date of this presentation or to reflect the occurrence of unanticipated
events, except as required by law.
SOURCE BluMetric Environmental Inc.
