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Cathedral Energy Services Announces Delay in Filing 2020 Q1 Financial Statements and MD&A
Cathedral Energy Services Announces Delay in Filing 2020 Q1 Financial Statements and MD&am...
About this update from Act Energy Technologies Ltd.
[{"type":"text","content":"\n\n\n\nCathedral Energy Services Announces Delay in Filing 2020 Q1 Financial Statements and MD&A\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCathedral Energy Services Announces Delay in Filing 2020 Q1 Financial Statements and MD&A\nCanada NewsWire\nCALGARY, May 10, 2020\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n CALGARY, May 10, 2020 /CNW/ - Cathedral Energy Services Ltd. (the \"Company\" or \"Cathedral\" / TSX: CET) is announcing that due to the ongoing COVID-19 pandemic, the Company is postponing the filing of its interim financial statements (the \"Financial Statements\") and related management's discussion and analysis (the \"MD&A\", and together with the Financial Statements, the \"Interim Filings\") for the interim period ended March 31, 2020. In response to the pandemic, securities regulatory authorities in Canada have granted a blanket exemption granting issuers an additional 45 days to complete certain regulatory filings (the \"Exemption\"). Cathedral is relying on the Exemption to postpone the filing of the Financial Statements required by section 4.4 of National Instrument 51-102 and the filing of the MD&A required by subsection 5.1(2) of National Instrument 51-102.\nCathedral anticipates filing the Interim Filings on or about June 25, 2020.  Until such time as the Interim Filings are filed, management and other insiders of Cathedral will be subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.\nExcept as set out below and in Cathedral's news release dated April 20, 2020, which provided a corporate update in relation to the current deterioration in the business environment related to the COVID-19 pandemic and declining world oil prices, there have been no material business developments since the date of the Company's financial statements for the year ended December 31, 2019 which were filed on March 16, 2020.  That news release also provided details of the...