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DGTL Holdings Inc. Provides Bi-Weekly Status Report Regarding MCTO and Update Regarding Interim Financial Statements
New York, New York--(Newsfile Corp. - November 4, 2021) - DGTL Holdings Inc. (TSXV: DGTL) (OTC...
About this update from Dgtl Holdings, Inc.
[{"type":"text","content":"DGTL Holdings Inc. Provides Bi-Weekly Status Report Regarding MCTO and Update Regarding Interim Financial StatementsNew York, New York--(Newsfile Corp. - November 4, 2021) - DGTL Holdings Inc. (TSXV: DGTL) (OTCQB: DGTHF) (FSE: D0G) (WKN: A2QB0L) (\"DGTL\" or the \"Company\") provides this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults (\"NP 12-203\"). As previously stated in the Company's press releases dated September 30, 2021 and October 18, 2021, the Company will be delayed in the filing of its audited annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended May 31, 2021 (the \"Annual Filings\") and the Company applied for and was granted a management cease trade order in respect of the delayed Annual Filings (the \"MCTO\") by the Ontario Securities Commission. The MCTO prohibits the CEO and CFO of the Company from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares.The Company's board of directors and its management are working expeditiously to meet the Company's obligations relating to the filing of the Annual Filings. At this time, the Company anticipates being able to complete the Annual Filings on or before November 5, 2021.Update on Interim FinancialsThe Company also announces that the filing of its unaudited interim financial statements, management's discussion and analysis and related CEO and CFO certifications for the three-months ended August 31, 2021 (the \"Interim Filings\"), will be delayed beyond the filing deadline of November 1, 2021. The Company expects the Interim Filings to be filed on or prior to November 12, 2021. It is expected that, following the Company's filing of the Annual Filings, pursuant to the terms of the MCTO, the MCTO will remain in effect until two full business days following the filing of the Interim Filings, or further order of the Director of the Ontario Securities Commission.Status ReportThe Company confirms that since the date of the default announcement issued on September 30, 2021 (the \"Default Announcement\"), except as set out above: (i) ...