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LGC Capital Files Annual Audited Financial Statements but Will be Delayed in Filing First Quarter Financial Statements
LGC Capital Files Annual Audited Financial Statements but Will be Delayed in Filing First ...
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[{"type":"text","content":"\n\n\n\nLGC Capital Files Annual Audited Financial Statements but Will be Delayed in Filing First Quarter Financial Statements\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\nMONTRÉAL, March 1, 2019\n\n\n\nMONTRÉAL, March 1, 2019 /CNW Telbec/ - LGC Capital Ltd. (the \"Corporation\" or \"LGC\") (TSXV: LG) announces that it has filed its annual audited financial statements for the financial year ended September 30, 2018, the accompanying management's discussion and analysis and the related CEO and CFO certifications (the \"2018 Financials\").  \nAs previously announced, the principal reason behind the Corporation's delay in filing its 2018 Financials was attributable to the complexities in establishing IFRS compliant values for the numerous financial instruments behind its portfolio of investments in various private companies. \nAs a result of the delays experienced in completing the year-end financial statements, the Corporation anticipates a delay in the filing of its interim financial statements, related management's discussion and analysis and accompanying CEO and CFO certifications for the three-month period ended December 31, 2018 (the \"Interim Filings\").\nIn connection with the delay in filing of the 2018 Financials, on January 29, 2019, the Autorité des marchés financiers (the \"AMF\"), as principal regulator, granted a management cease trade order (the \"MCTO\") against the Corporation's Chief Executive Officer, Chief Financial Officer and directors, as opposed to a general cease trade order against the Corporation.  The AMF has been advised of the anticipated delay in the filing of the Interim Financials, and the AMF has agreed to extend the MCTO to cover the Interim Filings and to keep same in place until the Interim Filings have been made by the Corporation.\nThe MCTO restricts all trading in securities of the Corporation, whether direct or indirect, by the Chief Executive Officer, the Chief Financial Officer and the directors of the Corporation until such time as the Required Filings have been filed by th...