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ExGen Resources Provides Update on Timing of Filing of Annual Financials
VANCOUVER, British Columbia, April 28, 2020 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen” or the “Corporation”) announces that due
About this update from Exgen Resources Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, April 28, 2020 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen” or the “Corporation”) announces that due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided in BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements (the “BC Instrument”) of the British Columbia Securities Commission (and similar exemptions provided by the securities commissions in Alberta and Ontario) to postpone the filing of the following continuous disclosure documents (collectively the “Documents”): the Corporation’s Annual Audited Financial Statements for the year ended December 31, 2019, as required by section 4.2 of National Instrument 51-102 - Continuous Disclosure Obligations (“NI 51-102”); and the Corporation’s Management Discussion & Analysis for the year ended December 31, 2019, as required by section 5.1(2) of NI 51-102. According to the BC Instrument, during the period from March 23, 2020 to June 1, 2020, a person or company required to make certain filings as described in the BC Instrument has an additional 45 days from the deadline otherwise applicable under British Columbia securities laws to make the filing. ExGen expects to file the Documents by no later than May 29, 2020. Until the Corporation has filed the Documents, members of the Corporation’s management and other insiders are subject to an insider trading black-out period as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. ExGen confirms that, other than disclosed in prior news releases, there have been no material business developments since the filing on November 27, 2019 of the Corporation’s latest interim financial reports for the period ended September 30, 2019. About ExGen Resources Inc. ExGen, formerly Boxxer Gold Corp, is a project accelerator that seeks to fund exploration and development of our projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse portfolio of projects across exploration st...