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Mainstreet Equity Corp Announces Postponement of Filing of Q2 Financial Statements and MD&A to June 23, 2020
Mainstreet Equity Corp Announces Postponement of Filing of Q2 Financial Statements and MD&...
About this update from Mainstreet Equity Corp.
[{"type":"text","content":"\n\n\n\nMainstreet Equity Corp Announces Postponement of Filing of Q2 Financial Statements and MD&A to June 23, 2020\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\nMainstreet Equity Corp Announces Postponement of Filing of Q2 Financial Statements and MD&A to June 23, 2020\nCanada NewsWire\nCALGARY, April 16, 2020\n\n\n\nCALGARY, April 16, 2020 /CNW/ - Mainstreet Equity Corp. (\"Mainstreet\" or the \"Corporation\") (TSX:MEQ) announces that filing of the Company's interim financial statements for the six month period ended March 31, 2020 (\"Q2 Financial Statements\") and associated management's discussion and analysis (\"Q2 MD&A\", and collectively with the Q2 Financial Statements, the \"Q2 Filings\") will be postponed due to delays caused by the COVID-19 pandemic.\nAlthough the Q2 Filings would ordinarily have been filed on or before May 15, 2020, pursuant to ASC Blanket Order 51-517 - Temporary Exemption from Certain Corporate Finance Requirements (the \"Blanket Order\"), the Company has up to an additional 45 days from the deadline otherwise applicable under Alberta securities laws to file the Q2 Filings, provided that it complies with certain requirements set out in the Blanket Order. Accordingly, Mainstreet is relying on the relief contained in the Blanket Statements for its Q2 Financial Statements required by section 4.4 of National Instrument 51-102 and its Q2 MD&A required by subsection 5.1(2) of National Instrument 51-102.\nMainstreet estimates that the Q2 Filings will be filed no later than June 23, 2020. \nDuring the extension period, until Mainstreet has filed and announced the required Q2 Filings, management and other insiders of the Company will be subject to an insider trading black-out policy that reflects the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. \nExcept as set out below, there have been no material business developments since the date of the Company's interim financial statements for the three months ended December 31, 2019, which were filed on Fe...