Business
Minnova Provides Default Status Update
Toronto, Ontario--(Newsfile Corp. - September 14, 2023) - Minnova Corp. (TSXV: MCI) (OTC Pink: AG...
About this update from Minnova Corp.
[{"type":"text","content":"Minnova Provides Default Status UpdateToronto, Ontario--(Newsfile Corp. - September 14, 2023) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) (\"Minnova\" or the \"Company\"), announces that further to its press releases of July 20, 2023, August 3, 2023, August 17, 2023 and August 31, 2023, it is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults (\"NP 12-203\").On August 3, 2023, the Company announced (the \"Default Announcement\") that it had not filed its annual financial statements and management discussion and analysis for the year ended March 31, 2023, together with the related certification of filings under National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the \"Continuous Disclosure Documents\") by the prescribed deadline of July 31, 2023.Except as discussed below, there have been no material changes to the information contained in the Default Announcement or any other changes required to be disclosed under NP 12-203.The Company anticipates that the Continuous Disclosure Documents will be filed prior to September 30, 2023. The Company will continue to provide bi-weekly updates, as contemplated by NP 12-203, until the Continuous Disclosure Documents have been filed. In the event that the Company does not file the Continuous Disclosure Documents by September 30, 2023 the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the Company. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements.About Minnova Corp.Minnova Corp. is an evolving cleantech company building a worldwide pipeline of green energy projects. Our subsidiary, Minnova Renewable Energy, is focused on innovative carbon reduction technologies such as the 3rd generation biomass gasification technology developed by DUMA Engineering (2018) Inc. As of September 30, 2022 Minnova owns 50% interest in DUMA. Acquisition of the remaining 50% interest will consist of a combination of cash payments and shares and will be dependent on several conditions, including; a) long run test performance of the demonstration plant to prod...