Business
AurCrest Gold Provides Update on COVID-19 and Announces Request for Extension to File Annual Financial Statements and Management's Discussion and Analysis
TORONTO, ON / ACCESSWIRE / April 29, 2020 / AurCrest Gold Inc. (the " Company " or " AurCr...
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[{"type":"text","content":"AurCrest Gold Provides Update on COVID-19 and Announces Request for Extension to File Annual Financial Statements and Management’s Discussion and AnalysisTORONTO, ON / ACCESSWIRE / April 29, 2020 / AurCrest Gold Inc. (the \"Company\" or \"AurCrest\") (TSXV:AGO) wishes to provide an update on the coronavirus pandemic (\"COVID-19\") as it affects the Company and the status of the filing of its annual financial statements and accompanying management's discussion and analysis, and related CEO and CFO certifications, for the financial year ended December 31, 2019.The lockdown resulting from the outbreak of COVID-19 has created unprecedented disruptions in the global economy and stock markets. AurCrest's Board of Directors and Management are taking all necessary precautions to ensure the health of its employees and consultants and to manage the short-term challenges to its business.On March 23, 2020, the Ontario Securities Commission (\"OSC\") enacted Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements (the \"OSC Temporary Exemption\") providing a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of COVID-19. AurCrest will be relying on this extension period due to delays experienced as result of COVID-19.AurCrest will be relying on the OSC Temporary Exemption in respect of the following provisions:the requirement to file audited financial statements for the year ended December 31, 2019 (the \"Annual Financial Statements\") within 120 days of AurCrest's financial year end as required by section 4.2(b) of National Instrument 51-102 (\"NI 51-102\");the requirement to file management's discussion and analysis (the \"Annual MD&A\") for the period covered by the Annual Financial Statements within 120 days of AurCrest's financial year end as required by section 5.1(2) of NI 51-102;the requirement to file certifications of the Annual Financial Statements (the \"Annual Certificates\" and together with the Annual Financial Statements, the \"Annual Filings\") pursuant to section 4.1 of National Instrument 52-109 (\"NI 52-109\"); andthe requirement to make disclosure with respect to executive compensation not later than 140 days after AurCrest's financial year-end as required by section 11.6 of NI 51-102.AurCrest is working diligently and exp...