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Boreal Announces the Postponement of Filing Annual Financial Statements and MD&A Due to COVID-19 Related Delays
Boreal Announces the Postponement of Filing Annual Financial Statements and MD&A Due t...
About this update from Domestic Metals Corp.
[{"type":"text","content":"\n\n\n\nBoreal Announces the Postponement of Filing Annual Financial Statements and MD&A Due to COVID-19 Related Delays\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\nBoreal Announces the Postponement of Filing Annual Financial Statements and MD&A Due to COVID-19 Related Delays\nCanada NewsWire\nVANCOUVER, April 30, 2020\n\n\n\nVANCOUVER, April 30, 2020 /CNW/ - Boreal Metals Corp. (\"Boreal\" or the \"Company\") (TSXV:BMX) announces the postponement of filing its annual financial statements (\"Financial Statements\") and its annual management discussion and analysis (\"MD&A\") for the year ended December 31, 2019 due to logistical delays caused by COVID-19.  The Company is relying on the British Columbia Securities Commission blanket order in BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements (the \"Blanket Order\"). \n\n \n \n \n \n \n \n\n \nRecent events pertaining to COVID-19 have impacted the ability of the Company, its employees and its auditors to rely on timely information and to prepare the Financial Statements and MD&A. Under the Blanket Order, a person or company required to make certain filings during the period from March 23, 2020 to June 1, 2020, as described in the Blanket Order, is provided with an additional 45 days from the deadline otherwise applicable under British Columbia securities laws to make such filings. \nPursuant to the Blanket Order, the Company is relying on the relief therein for the filing of its Financial Statements as required by subsection 4.2(b) of National Instrument 51-102 Continuous Disclosure Requirements (\"NI 51-102\") and the filing of its MD&A as required by subsection 5.1(2) of NI 51-102. \nUntil the Company has filed and announced the required Financial Statements and MD&A, all management and other insiders are subject to the Company's share trading and 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.\nThe Company estimates that the required disclosu...