Business
Nuinsco Resources Announces Postponement in Filing of Q1 2020 Financial Statements
TORONTO, ON/ ACCESSWIRE / June 1, 2020 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) today announced that it will not be in a position to f
About this update from Nuinsco Resources Limited
[{"type":"text","content":" TORONTO, ON/ ACCESSWIRE / June 1, 2020 / Nuinsco Resources Limited (\"Nuinsco\" or the \"Company\") (CSE:NWI) today announced that it will not be in a position to file its unaudited financial statements for the period ended March 31, 2020 and the related management's discussion and analysis, as required by Part 4 and Part 5 of National Instrument 51-102: Continuous Disclosure Obligations (collectively, the \"Financial Statements\") by the filing deadline of June 1, 2020. This news release is being issued in accordance with the blanket relief of a 45-day extension, provided by Canadian Securities Administrators and Ontario Instrument 51-502: Temporary Exemption from Certain Corporate Finance Requirements, for periodic filings normally required to be made by issuers during the period from March 23, 2020 to June 1, 2020. The challenges posed by COVID-19 have resulted in a delay in the finalization and filing of the Financial Statements. However, the Company's board of directors and its management confirm that they are working to meet the Company's obligations relating to the filing of the Financial Statements. At this time, the Company anticipates being able to complete the Financial Statements on or before July 14, 2020. There have not been any material business developments since the date of the last interim financial reports of the Company that were filed. The Company confirms that its management and other insiders are 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, such that they are in a black-out period until the end of the second trading day after the Annual Filings have been disclosed by way of a news release. About Nuinsco Resources Limited Nuinsco Resources has over 45 years of exploration suc­cess and is a growth oriented, multi-commodity mineral explora­tion and development company focused on prospective oppor­tunities in Canada and internationally. Currently the Company has two properties in Ontario - the high-grade Sunbeam gold prospect near Atikokan and the large, multi-commodity (rare-earths, niobi­um, tantalum, phosphorus) Prairie Lake project near Terrace Bay. In addition, Nuinsco has recently completed an agreement for gold exploitation ...