Business
Ecolomondo Announces Delay in Filing of Its Q1 Interim Financial Statements
(via TheNewswire) Montreal - TheNewswire - May 27, 2020 - Ecolo...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Announces Delay in Filing of Its Q1 Interim Financial Statements(via TheNewswire)\n \n \nMontreal - TheNewswire - May 27, 2020 - Ecolomondo Corporation (TSXV:ECM) (the \"Company\" or \"Ecolomondo\") announces a delay in the filing of its interim financial statements for the financial period ended on March 31, 2020 required pursuant to Section 4.4 of Regulation 51-102 respecting Continuous Disclosure Obligations, due to delays and logistical reasons caused by the COVID-19 pandemic (the \"Interim Financial Statements\"). \n\n\n \nEcolomondo is relying on the blanket order 2020-PDG-0023 dated March 23, 2020 issued by the Autorite des Marches Financiers in connection with the extension of the deadline for periodic filings and prospectus requirements regarding issuers and designated rating organization.\n\n\n \nEcolomondo expects to publish such Interim Financial Statements between the 1st and the 15th of July 2020. \n\n\n \nFurthermore, Ecolomondo hereby confirms that no material events occurred since the filing of its annual financial statements for the financial year ended December 31, 2019, and that its management and other insiders are subject to trading restriction policies reflecting the principles of Section 9 of Policy Statement 11-207 respecting Failure-to-File Cease Trade Orders and Revocation in Multiple Jurisdictions. \n\n\n \nImpact of the COVID-19 Pandemic\n\n\n \nThe Company has taken and will continue to take all necessary actions needed to reduce the impact of the crisis created by the coronavirus pandemic. The Company expects that the milestone to complete the plant under construction in Hawkesbury, Ontario, will not be materially impacted by the current situation. It is to note, it is impossible to determine with certitude the long-term consequences and financial implications if the current situation persists. \n\n\n \nAbout Ecolomondo Corporation\n\n\n \nEcolomondo is a cleantech Canadian company that is commercializing its waste-to-products technology. The Thermal Decomposition Process (\"TDP\") converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. Technologies such as Ecolomondo's are expected to play an important role in resource recovery needed in today's circular economy. \n\n\n \nThe Company's main revenues will come from the sale o...