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TVI Pacific Announces Reliance on Relief from Filing and Delivery Requirements for Annual Financial Statements and Associated MD&A and Interim Q1 2020 Financial Statements and Associated MD&A
TVI Pacific Announces Reliance on Relief from Filing and Delivery Requirements for Annual ...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n\n\n\nTVI Pacific Announces Reliance on Relief from Filing and Delivery Requirements for Annual Financial Statements and Associated MD&A and Interim Q1 2020 Financial Statements and Associated MD&A\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\nTVI Pacific Announces Reliance on Relief from Filing and Delivery Requirements for Annual Financial Statements and Associated MD&A and Interim Q1 2020 Financial Statements and Associated MD&A\nCanada NewsWire\nCALGARY, May 29, 2020\n\n\n\nCALGARY, May 29, 2020 /CNW/ - TVI Pacific Inc. (TSX-V: TVI) (OTC Pink: TVIPF) (\"TVI\" or the \"Company\") announced today that COVID-19-related restrictions have continued to delay the audit of the Company's annual financial statements. In particular, the Company's external auditors in the Philippines and the external auditors of TVI Resource Development Phils, Inc. (\"TVIRD\"), a Philippines corporation in which TVI holds a 30.66% interest, have continued to be delayed in their effort to conclude various audit procedures due to the State of Emergency and Enhanced Community Quarantine Measures announced by the Philippines government. Accordingly, the Company has not been able to file its audited financial statements for the years ended December 31, 2019 and December 31, 2018 (the \"Annual Financial Statements\") and associated Management's Discussion and Analysis (\"Annual MD&A\") and continues to rely on the blanket orders and similar instruments (including Alberta Securities Commission Blanket Order 51-517 – Temporary Exemption from Certain Corporate Finance Requirements) granted by various securities regulatory authorities in Canada in late March 2020 (collectively, the \"Blanket Relief\"). TVI previously announced (on April 27, 2020) its reliance upon the Blanket Relief, which provides temporary relief to reporting issuers from certain requirements of National Instrument 51-102 – Continuous Disclosure Obligations (\"NI 51-102\"), including  the requirement to file and deliver (i) the Annual Financial Statements (under Sections 4.2 and ...