Business
Pasinex Provides Update on Postponement in Filing of 2019 Annual Financial Statements and its First Quarter Results for 2020
TORONTO, May 29, 2020 (GLOBE NEWSWIRE) -- Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Company” or “Pasinex”) previously announced that due to logistic
About this update from Pasinex Resources Ltd.
[{"type":"text","content":" TORONTO, May 29, 2020 (GLOBE NEWSWIRE) -- Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Company” or “Pasinex”) previously announced that due to logistics and delays caused by the COVID-19 pandemic, the Company was relying on the British Columbia Securities Commission’s (the “Commission”) blanket order BCI 51-515 to postpone the filing of its annual financial statements and management’s discussion and analysis (collectively, the “Annual Filings”) for the year ended December 31, 2019. In addition to this delay, the Company will rely on the Commission’s blanket order BCI 51-515 to postpone the filing of its financial statements and management’s discussion and analysis for the three months ended March 31, 2020 (collectively, the “First Quarter Filings”). In response to the COVID-19 pandemic, the Commission and other securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings that were otherwise due during the period March 23, 2020 to June 1, 2020. Until the Company has filed and announced the required First Quarter Filings, members of management and other insiders are subject to a 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. There have been no material business developments since the date of the last interim financial statements, filed November 28, 2019, a copy of which is available on SEDAR at www.sedar.com. Steve Williams, President and CEO of Pasinex, commented, “Pasinex are expecting to now file 2019 Financial Statements by June 12, 2020 and the First Quarter Filings by July 15, 2020. We regret this delay and we are working diligently to get these statements completed.” Visit our web site at: www.pasinex.com On Behalf of the Board of DirectorsPASINEX RESOURCES LIMITED “Steve Williams” Steve Williams President/CEO Phone: +1 416.861.9659Email: [email protected] Evan WhiteManager of Corporate CommunicationsPhone: +1 416.906.3498Email: [email protected] The CSE does not accept responsibility for the adequacy or accuracy of this news release. This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown r...