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Fountain Asset Corp. to Postpone Reporting Financial Results and MD&A Due to COVID-19 Related Delays
Fountain Asset Corp. to Postpone Reporting Financial Results and MD&A Due to COVID-19 ...
About this update from Fountain Asset Corp.
[{"type":"text","content":"\n\n\n\nFountain Asset Corp. to Postpone Reporting Financial Results 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nFountain Asset Corp. to Postpone Reporting Financial Results and MD&A Due to COVID-19 Related Delays\nCanada NewsWire\nTORONTO, April 24, 2020\n\n\n\nTORONTO, April 24, 2020 /CNW/ - Fountain Asset Corp. (TSX-V:FA) (\"Fountain\" or the \"Corporation\"), a merchant bank which provides equity financing, bridge loan services and strategic financial consulting services to companies across many industries such as marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, blockchain technology and biotechnology, announced today that due to logistical issues and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements (and similar exemptions provided by other Canadian securities regulators) (the \"Ontario Instrument\") to postpone the filing of the following continuous disclosure documents (collectively, the \"Documents\"):\nthe Company's audited annual financial statements for the fiscal year ended December 31, 2019 and related certifications; the Company's management discussion and analysis (\"MD&A\") for the fiscal year ended December 31, 2019; the Company's unaudited interim financial statements for the three month period ended March 31, 2020 and related certifications; and the Company's MD&A for the three month period ended March 31, 2020.The Ontario Instrument provides the Company with an additional 45 days from each of the deadlines otherwise applicable under Ontario securities laws to make the respective filings (the \"Extension Periods\"). Until the Company has filed the Documents, members of the Company's management and other insiders are subject to a trading blackout reflecting the principles contained in section 9 of National Policy 11-207 Failure to File Cease Trade Orders and Revocations in Multiple Jurisdi...