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GoldSpot Discoveries Corp. Announces Delay in Filing Interim Financial Statements
Toronto, Ontario--(Newsfile Corp. - May 10, 2019) - GoldSpot Discoveries Corp. (TSXV: SPOT) ...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Discoveries Corp. Announces Delay in Filing Interim Financial StatementsToronto, Ontario--(Newsfile Corp. - May 10, 2019) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the \"Company\" or \"Goldspot\") announces that the Nova Scotia Securities Commission has issued a failure-to-file cease trade order (the \"Order\") as a result of the Company's delay in the filing of its interim financial statements, management's discussion and analysis and related certifications (the \"Interim Financial Materials\") for the three and nine-month period ended February 28, 2019. The delay is attributable to its recently completed reverse takeover of GoldSpot Discoveries Inc. and the Company's recent decision to change its year end from May 31 to December 31. Subsequently, there was a delay in filing the necessary notice of change within the requisite period to allow the GoldSpot to forego the filing of the Interim Financial Materials for the period ended February 28, 2019. The Order will remain in effect until the Company files the Interim Financial Materials. Based on work completed to-date, GoldSpot anticipates that the Interim Financial Materials for the nine-month period ended February 28, 2019 will be filed shortly. Binh Quach, Chief Financial Officer of the Company, commented: \"We apologize and understand that this oversight will cause an inconvenience to our existing and prospective shareholders and we appreciate everyone's patience and understanding while we take all necessary and immediate action to see that it is resolved expeditiously.\"The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.About GoldSpot Discoveries Corp.GoldSpot is a technology company that leverages machine learning to reduce capital risk, while working to increase efficiencies and success rates in resource exploration and investment. GoldSpot combines proprietary technology with traditional domain expertise, offering a front-to-back service solution to its partners. GoldSpot's solutions target big data problems, making full use of historically unutilized data to better comprehend resource property potential. GoldSpot has developed a monetization strategy into multiple verticals of the mining and investment industry, including service offerings, staking and royalty acquisition, and the deve...