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HAPBEE INDICATES DELAY IN FILING OF ITS AUDITED FINANCIAL STATEMENTS AND APPLIES FOR VOLUNTARY MANAGEMENT CEASE TRADE
HAPBEE INDICATES DELAY IN FILING OF ITS AUDITED FINANCIAL STATEMENTS AND APPLIES FOR VOLUNTARY MA...
About this update from Hapbee Technologies, Inc.
[{"type":"text","content":"\n \n \n \n HAPBEE INDICATES DELAY IN FILING OF ITS AUDITED FINANCIAL STATEMENTS AND APPLIES FOR VOLUNTARY MANAGEMENT CEASE TRADE\n \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 Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 17, 2023\n \n \n /CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (\"Hapbee\" or the \"Company\") wishes to advise that there may be a delay in the filing of its Audited Financial Statements and its related Management's Discussion and Analysis, and Chief Executive Officer and Chief Financial Officer Certifications (collectively, the \"Required Disclosure\"), which is due to be filed on or before\n \n May 1, 2023\n \n (the \"Filing Deadline\") pursuant to applicable securities laws. This delay is due to the fact that Hapbee's auditors are still completing the required work to conclude the audit.\n \n \n \n \n \n \n \n \n \n Hapbee has applied for a voluntary Management Cease Trade Order under National Policy 12-203 (the \"Policy\") pending the filing of the Required Disclosure via SEDAR.  Hapbee is confident that the Required Disclosure will be filed by no later than\n \n June 30, 2023\n \n . The Management Cease Trade Order is expected to be imposed against its chief executive officer, its chief financial officer, and potentially certain members of its Board of Directors, instead of a cease trade order being imposed against all securities of Hapbee. Such an order will not generally affect the ability of other persons to trade the securities of Hapbee pending the filing of the Required Disclosure via SEDAR.\n \n \n Hapbee intends to comply with the provisions of the Alternative Information Guidelines as set out in the Policy for as long as it remains in default, including the issuance of bi-weekly default status reports, if necessary, each of which will be issued in the form of a press release.\n \n \n Hapbee is not subject to any insolvency proceeding and there is no other material information concerning the affairs of Hapbee that has not been generally disclosed.\n \n \n \n \n About...