Business
PRINCIPAL TECHNOLOGIES ANNOUNCES CEASE TRADE ORDER ISSUED BY THE BRITISH COLUMBIA SECURITIES COMMISSION
PRINCIPAL TECHNOLOGIES ANNOUNCES CEASE TRADE ORDER ISSUED BY THE BRITISH COLUMBIA SECURITIES COMM...
About this update from Principal Technologies, Inc.
[{"type":"text","content":"\n \n \n \n PRINCIPAL TECHNOLOGIES ANNOUNCES CEASE TRADE ORDER ISSUED BY THE BRITISH COLUMBIA SECURITIES COMMISSION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Dec. 7, 2022\n \n \n /CNW/ -\n \n \n Principal Technologies Inc.\n \n \n (the \"\n \n Company\n \n \") (TSXV: PTEC.P), which is building a diverse portfolio of investments in healthcare technologies companies, announces that it has been issued a cease trade order (\"\n \n CTO\n \n \") by the British Columbia Securities Commission (the \"\n \n BCSC\n \n \") under National Instrument 51-102 –\n \n Continuous Disclosure Obligations\n \n effective\n \n December 2, 2022\n \n , as a result of not filing its audited annual financial statements, accompanying management's discussion and analysis, and certifications for the year ended\n \n July 31, 2022\n \n (the \"\n \n Annual Filings\n \n \") by the filing deadline of\n \n November 28, 2022\n \n .\n \n \n As previously announced on\n \n November 29, 2022\n \n , the Company's Annual Filings delay results from delayed finalization of the European holdings' audit.\n \n \n The Company is working diligently with its auditors to complete the remaining audit and make the required filings soon. Once complete, a news release will be issued indicating that the Annual Filings have been submitted. Upon filing the Annual Filings, the Company expects that the CTO will be revoked within one to two business days, as is the customary practice. In the interim, the Company continues to operate normally and without disruption.\n \n \n The Company also confirms, as of the date of this news release, that there is no other material information concerning the affairs of the Company that has not been generally disclosed.\n \n \n \n About Principal Technologies Inc.\n \n \n \n \n \n Principal Technologies Inc.\n \n \n (\n \n \n TSXV: PTEC.P\n \n \n ), is building a diverse portfolio of investments in healthcare technology companies with a focus on those with global ...