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New Zealand Energy Corp Announces Expected Delay in Filing Accounts
Wellington, New Zealand--(Newsfile Corp. - June 24, 2020) - New Zealand Energy Corp. (TSXV: NZ...
About this update from New Zealand Energy Corp.
[{"type":"text","content":"New Zealand Energy Corp Announces Expected Delay in Filing AccountsWellington, New Zealand--(Newsfile Corp. - June 24, 2020) - New Zealand Energy Corp. (TSXV: NZ) (\"NZEC\" or the \"Company\") advises that effective from June 22nd, 2020, the TSX Venture Exchange (the \"Exchange\") suspended trading in the Company's securities as a result of a Cease Trade Order (\"CTO\") issued by the British Columbia Securities Commission.The CTO was issued because the Company has not yet lodged its financial accounts for the period ending 31 December 2019. As announced on June 15 2020, the effects of the COVID-19 pandemic have resulted in a delay in finalising these accounts. The Company is focussed on finalising the accounts as soon as possible.On behalf of the Board of Directors\"James Willis\"Chairman New Zealand Energy Corp.New Zealand Energy ContactsEmail: [email protected]: www.newzealandenergy.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.FORWARD-LOOKING INFORMATION AND CAUTIONARY NOTE REGARDING RESERVE ESTIMATESThis document, the consolidated financial statements for the quarter ended 31 December 2017 and full financial year and the Management's Discussion and Analysis contain certain forward- looking information, forward-looking statements (\"forward-looking statements\"). The reader's attention is specifically drawn to the qualifications, disclosure and cautionary statements in these documents regarding forward-looking statements and reserve and resource estimates. The Company notes that such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond NZEC's control, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although the Company believes that the expectations in its forward-looking statements are reasonable, they are based o...