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Geomega Announces Delayed Filing of Interim Disclosure Documents Pursuant to Blanket Exemption Orders
MONTREAL, April 29, 2020 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX:V.GMA) today announced in accordance with Decision No.
About this update from Geomega Resources Inc.
[{"type":"text","content":" MONTREAL, April 29, 2020 (GLOBE NEWSWIRE) -- Geomega Resources Inc. (“Geomega” or the “Corporation”) (TSX:V.GMA) today announced in accordance with Decision No. 2020-PDG-0023 of the Autorité des marchés financiers Décision générale relative à la prolongation de délais concernant certaines obligations d’information continue et de prospectus applicables aux émetteurs et aux agences de notation désignées, Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission, Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements of the Alberta Securities Commission and BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements of the British Columbia Securities Commission (collectively, the “Blanket Exemption Orders”), which were adopted for the purpose of providing certain filing and other relief to issuers in light of the challenges posted by the COVID-19 pandemic, that it will be delaying the filing and delivery of certain of its continuous disclosure documents. The Company is relying on the Blanket Exemption Orders in delaying (i) the filing of its interim financial statements and related management discussion and analysis for the nine months ended February 29, 2020 (collectively, the “Required Interim Filings”) and (ii) compliance with the delivery requirements of applicable securities laws relating to the Required Interim Filings. The officers and directors of the Company and certain other persons will remain subject to a trading black-out pursuant to which such persons are prohibited from trading in any securities of the Company until the end of the second full trading day following the day on which the Required Interim Filings are filed on SEDAR and a corresponding news release is issued by the Company. The Company currently intends to make the Required Interim Filings by May 13, 2020. Other than as disclosed in the Company's press releases, there have not been any material business developments since the date that the last financial statements of the Company were filed. About Geomega (www.geomega.ca) Based in Boucherville and St-Bruno, Canada, Geomega Resources has developed a proprietary, environmentally friendly “ISR Technology” that recycles rare earth elements with focus on the permanent magnet industry and...