(via Thenewswire.ca)
Toronto, Ontario / TheNewswire / August 4, 2016 – Matica Enterprises Inc. (MMJ - CSE) (39N – Frankfurt) (MQPXF – OTC) (“Matica” or the “Company”) announces today that trading in Matica
shares has been halted pursuant to a Cease Trade Order (“CTO”) from the Ontario Securities Commission. The Company regrets
the halt in trading.
Audited December 2015 Year End financials have yet to be completed as accounting back-up and
working papers were not provided by the Company’s accountant, Sandey Wang of S Wang & Associated of Vancouver B.C. as required in
the engagement agreement with the Company. Ms. Wang refused to release the accounting records belonging to the Company until she
had received settlement in cash and shares. The accounting records release were incomplete and did not include the required
working papers and were not posted to the end of September 30th 2015 period
billed.
The Company’s auditors are currently working with the Company’s previous Auditors to complete the
audited financials to December 2015. We expect the cease trader to be revoked subsequent to filing the Audited December 31,
2015 financials and the March 31, 2016 unaudited quarterly financials.
For more information on Matica Enterprises please visit the website at: www.maticaenterprises.com.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger
Boris Ziger, CEO & Chairman
The Company’s filings are available for review at www.sedar.com and
www.thecse.com.
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Telephone: 416-304-9935
E-mail: info@maticaenterprises.com
Website: www.maticaenterprises.com
Certain information in this press release may constitute forward-looking information.
This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes
no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those
reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional
information identifying risks and uncertainties is contained in the Corporation’s filings with the Canadian securities regulators,
which filings are available at www.sedar.com.
The CSE has not reviewed, approved or disapproved the content of this press
release.
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