Business
CryptoStar Corp. Provides Update on Annual Filings
CryptoStar Corp. Provides Update on Annual Filings Canada NewsWire TORONTO, May ...
About this update from Cryptostar Corp.
[{"type":"text","content":"\n\n\n\nCryptoStar Corp. Provides Update on Annual Filings\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\n\nCanada NewsWire\nTORONTO, May 3, 2019\n\n\n\nTORONTO, May 3, 2019 /CNW/ - CryptoStar Corp. (TSXV: CSTR) (\"CryptoStar\", or the \"Company\"), a cryptocurrency mining and data centre operator, announces today that as a consequence of failing to file its financial statements, management's discussion and analysis and related officer certifications for the financial year ended December 31, 2018 (collectively, the \"Annual Filings\") prior to the April 30, 2019 filing deadline under National Instrument 51-102 - Continuous Disclosure Obligations and National Instrument 52-109 - Certification of Disclosure in Issuers Annual and Interim Filings, the Company is currently noted in default on the reporting issuer lists of the Ontario Securities Commission, the Alberta Securities Commission and the British Columbia Securities Commission.\nThe Company has appointed Manning Elliott LLP, Chartered Professional Accountants, as its auditor and the audit of the Company's Annual Filings is ongoing. The board of directors and management of the Company are working expeditiously to meet the Company's obligations relating to the finalization of the Annual Filings.\nThe Company anticipates that it will be in a position to finalize and issue its financial statements and related disclosures shortly. The Company does not anticipate any delay in filing its interim financial statements, management's discussion and analysis, and the related officer certifications for the financial period ended March 31, 2019.\nThe reason for the default is due to timing and documentation constraints related to the accounting and auditing of digital currencies based on information provided by a specialist to the auditors on the Company's internal controls and systems related to the operations of the Company. The Company confirms that there are no insolvency proceedings against it as of the date of this news release. The Company also confirms that there is no other material information concerning the affairs of ...