Business
Issue of the 2019 Financial Results and Update ...
Issue of the 2019 Financial Results and Update ....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Issue of the 2019 Financial Results and Update on Operations\n \n \n \n \n For immediate release\n 26 March 2020\n Serabi Gold Plc\n (“Serabi” or the “Company”)\n Issue of the 2019 Financial Results and Update on Operations\n \n Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, announces that it had intended to issue its audited Financial Statements for the calendar year 2019 (the “2019 Financial Statements”), the Management Discussion and Analysis for the 3 month and 12 month periods to 31 December 2019 (“2019 MD&A”) and the= Annual Information Form (“2019 AIF”) on or before 30 March 2020 in line with its normal reporting calendar. The Company intends to rely on exemptions recently granted by Canadian securities regulatory authorities that allow it to delay the issue of the 2019 Financial Statements, the 2019 MD&A and the 2019 AIF. Without the exemptions, the Company would be required to issue and file its 2019 Annual Financial Statements, 2019 MD&A and 2019 AIF by 30 March 2020. In response to the global Coronavirus (Covid-19) pandemic, securities regulatory authorities in Canada have granted blanket exemptions allowing companies an additional 45 days in which to complete their regulatory filings. The Company intends to rely on the exemptions to provide its Board of Directors and its auditors adequate time to assess the longer-term impacts of the economic and other uncertainties created by the global Coronavirus (Covid-19) pandemic. The Company and its auditors are making every effort to issue and file the 2019 Annual Financial Statements, 2019 MD&A and 2019 AIF at the earliest opportunity and currently expects to file no later than 14 April 2020.\n Until such time as the 2019 Financial Statements, the 2019 MD&A and the 2019 AIF are filed, the Company’s management and other insiders will observe a trading blackout consistent with the principles contained in Canadian National Policy 11-207 – Failure to File Cease Orders and Revocations in Multiple Jurisdictions in addition to close period restrictions imposed by the UK’s Market Abuse Regulations (“MAR”).\n In common with all business sectors at this time, there is significant uncertainty regarding the underlying basis for some of the assumptions and judgments that the C...