Business
Sceptre Ventures Provides Update on Application for Management Cease Trade Order
(TheNewswire) Vancouver, BC - TheNewswire - October 29, 2020 - Sceptre Ventures I...
About this update from Sceptre Ventures, Inc.
[{"type":"text","content":"Sceptre Ventures Provides Update on Application for Management Cease Trade Order\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, BC - TheNewswire - October\n29, 2020 - Sceptre Ventures Inc.\n \n \n (\"Sceptre\" and/or the \"Company\"\n \n \n )\n \n \n (\n \n \n TSXV:SVP.H\n \n \n )\n \n \n announces that the British Columbia\nSecurities Commission the \"BCSC\") has denied the Company's\napplication for a Management Cease Trade Order (\n \n \n \"\n \n \n MCTO\")\n \n \n . As such, the BCSC has issued a general \"failure to\nfile\" cease trade order (\"CTO\") on October 28, 2020, to\nprohibit the trading by any person of any securities of the Company in\nCanada. Trading in the Company's common shares on the TSX Venture will\nremain halted as a result of the CTO.\n \n \n \n \n The CTO was issued as of result the Company's failure\nto file its the 2019 Annual Filings and its 2020 Interim Filings by\nthe filing deadline of October 28, 2020. The CTO will remain in place\nuntil such time as the 2019 Annual Filings and 2020 Interim Filings\nare filed by the Company. Trading in the Company's common shares on\nthe TSXV will remain halted for so long as the CTO remains in effect.\nThere is no assurance that the Company will be able to remedy its\nfiling default and have the CTO lifted in a timely manner or at all.\nShareholders of the Company may suffer a significant decline or total\nloss in value of its investment in the Company's common shares as a\nresult.\n \n \n \n \n The Company's board of directors and its management\nconfirm that they are working expeditiously to raise financing to meet\nthe Company's obligations, including completion of the audit and\nfiling of the Annual Filings, as well as to identifying businesses\nand/or assets with a view to completing a Qualifying Transaction.\n \n \n \n \n The Company will make further announcements with\nrespect to the status of the 2019 Annual Filings as and when\nappropriate.\n \n \n \n \n Additionally, the Company wishes to report that the\nB.C. Registrar of Companies has granted an extension of six months to\nJune 30, 2021, for Sceptre to hold its annual general shareholder\nmeeting as required to be held under the BC Business Corporations\nAct.\n \n \n \n \n About Sceptre\nVentures Inc.\n \n \n \n \n Sceptre Ventures Inc. is a Capital Pool Company\n(\"\n \n \n CPC\n \n \n \") wi...