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Conic Metals Provides Update on Timing of Reporting of 2019 Financial Results Due to Delays Caused by COVID-19
TORONTO--(BUSINESS WIRE)--Conic Metals Corp. (“Conic” or the “Company”) (TSXV: NKL) today provided an update on timing of the release and filing of its financia
About this update from Nickel 28 Capital Corp
[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--Conic Metals Corp. (“Conic” or the “Company”) (TSXV: NKL) today provided an update on timing of the release and filing of its financial results for the period ended December 31, 2019. In response to the ongoing global COVID-19 pandemic, the Canadian Securities Administrators have recently announced temporary blanket relief allowing market participants an additional 45 days in which to complete certain regulatory filings required to be made on or before June 1, 2020 (including financial statements and management’s discussion and analysis). Accordingly, the Company intends to rely on this blanket relief for the filing of the Company’s audited financial statements for the period ended December 31, 2019 (and related management’s discussion and analysis thereon) (collectively, the “FY 2019 Disclosure Documents”) as a result of delays caused by the COVID-19 pandemic. The Company and its auditor, under this temporary relief, are making every effort to issue and file the FY 2019 Disclosure Documents at the earliest opportunity and currently expects to file them no later than June 14, 2020. The Company confirms that there have been no material business developments since filing its Listing Application on November 7, 2019, which is available on SEDAR at www.sedar.com. Our management team and board of directors have purchased over 1,000,000 shares of Conic in the public markets just in the last quarter as we feel the current share price is very attractive. Until such time as the FY 2019 Disclosure Documents are filed, the Company’s management and other insiders will observe a trading blackout consistent with the principles contained in section 9 of National Policy 11-207 – Failure to File Cease Orders and Revocations in Multiple Jurisdictions. About Conic Conic Metals Corp. is a base metals company offering direct exposure to nickel and cobalt, both being critical elements of electric vehicles and energy storage systems. Conic holds an 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea which provides Conic with significant attributable nickel and cobalt production. In addition, Conic manages a portfolio of 11 nickel and cobalt royalties on development and exploration projects in Canada and Australia. Conic will continue to invest in a b...