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TVI Pacific Provides Third Default Status Report
TVI Pacific Provides Third Default Status Report Canada NewsWire CALGARY, AB, Ju...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n\n\n\nTVI Pacific Provides Third Default Status Report\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\nCanada NewsWire\nCALGARY, AB, July 16, 2020\n\n\n\nTSX-V: TVI OTC Pink: TVIPF\n CALGARY, AB, July 16, 2020 /CNW/ - TVI Pacific Inc. (TSX-V: TVI) (OTC Pink: TVIPF) (\"TVI\" or the \"Company\") is providing this third default status report (the \"Default Status Report\") in accordance with National Policy 12-203 – Management Cease Trade Orders (\"NP 12-203\"). \nOn June 3, 2020, the Company announced (the \"Default Announcement\") that, for the reasons disclosed in the Default Announcement:\nthe filing of 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 (the \"Annual MD&A\" and, together with the Annual Financial Statements, the \"Annual Materials\"), would not be completed by the filing deadline, being June 13, 2020; and the filing of its interim financial statements for the quarter ended March 31, 2020 (the \"Interim Financial Statements\"), and the associated MD&A (the \"Interim MD&A\" and, together with the Interim Financial Statements, the \"Interim Materials\" and, together with the Annual Materials, the \"Required Materials\"), would not be completed by the filing deadline, being July 14, 2020.As a result of these delays, the Company's principal regulator, the Alberta Securities Commission, has granted a management cease trade order (the \"MCTO\") to the Company. The MCTO restricts all trading in securities of the Company, whether direct or indirect, by the Chairman, President and Chief Executive Officer of the Company and the Chief Financial Officer and VP Finance and Administration of the Company until such time as the Required Materials have been filed by the Company. The MCTO does not affect the ability of shareholders who are not insiders of the Company to trade their securities. \nAs announced by the Company on July 2, 2020, the Annual Materials were filed with the applicable securities regulat...