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TVI PACIFIC ANNOUNCES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER
TVI PACIFIC ANNOUNCES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER Canada NewsWire ...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n \n \n \n TVI PACIFIC ANNOUNCES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TSX-V\n \n \n \n : TVI\n \n OTC Pink\n \n : TVIPF\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 19, 2023\n \n \n /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) (\"\n \n TVI\n \n \" or the \"\n \n Company\n \n \") announced today an anticipated delay in the filing of its Required Filings (as defined below) and application to the Alberta Securities Commission to approve a temporary management cease trade order (\"\n \n MCTO\n \n \") under National Policy 12-203 –\n \n Management\n \n Cease Trade Orders\n \n \n (\"\n \n NP 12-203\n \n \"). If granted, the MCTO will prohibit trading in securities of the Company by certain insiders of the Company, whether direct or indirect.\n \n \n The Company has determined that it will be unable to fulfill certain requirements of National Instrument 51-102 –\n \n Continuous Disclosure Obligations\n \n (\"\n \n NI 51-102\n \n \"), including the requirement of the Company to file and deliver its interim financial statements for the quarter ended\n \n March 31, 2023\n \n (the \"\n \n Interim Financial Statements\n \n \") (under Sections 4.4 and 4.6(3) of NI 51-102, respectively), and the associated MD&A (the \"\n \n Interim MD&A\n \n \" and, together with the Interim Financial Statements, the \"\n \n Interim Required Filings\n \n \") (under Sections 5.1(2) and 5.6(1) of NI 51-102, respectively) and related officer certifications contemplated under Part 4 of National Instrument 52-109 –\n \n Certification of Disclosure in Issuers' Annual and Interim Filings\n \n (the \"\n \n Officer Certifications\n \n and together with the Interim Required Filings, the \"\n \n Required Filings\n \n \"), by\n \n May 30, 2023\n \n , which is the filing deadline for the Interim Filings applicable under NI 51-102.\n \n \n The principal reason for the delay was the inability of the Company's external auditors to complete the audit for the fi...