Business
Universal Ibogaine provides final Bi-weekly Default Status Report on year-end and Q1 filings
(TheNewswire) Calgary, AB – TheNewswire - February 2, 2024 –...
About this update from Universal Ibogaine Inc
[{"type":"text","content":"Universal Ibogaine provides final Bi-weekly Default Status Report on year-end and Q1 filings\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Calgary, AB –\n \n \n TheNewswire -\n \n \n February 2, 2024 – Universal Ibogaine Inc.\n(\n \n \n TSXV:IBO\n \n \n ) (“\n \n \n UI\n \n \n ” or the “\n \n \n Company\n \n \n ”), a life sciences company with a\nmission to deliver medicalized ibogaine-centered addiction care,\nprovides the following\n \n \n bi-weekly\n \n \n default\n \n \n status\n \n \n report\n \n \n update:\n \n \n \n Further to the Company’s prior news release (January 19, 2024),\nt\n \n he Company is\n \n \n providing\n \n \n this\n \n \n bi-weekly\n \n \n default\n \n \n status\n \n \n report\n \n \n (the “\n \n \n Default Status Report\n \n \n ”)\n \n \n in\n \n \n accordance\n \n \n with\n \n \n National\n \n \n Policy\n \n \n 12‑203\n \n \n Management\n \n \n Cease\n \n \n Trade\n \n \n Orders\n \n \n (“\n \n \n NP\n \n \n 12-203\n \n \n ”).\n \n \n \n \n On\n \n \n November 20,\n \n \n 2023,\n \n \n UI\n \n \n announced\n \n \n that\n \n \n it\nwould\n \n delay the filing of its annual audited financial\nstatements for the year ended July 31, 2023, its related management's\ndiscussion and analysis (“\n \n MD&A\n \n ”), and the Chief Executive Officer and Chief\nFinancial Officer certifications (collectively, the \"\n \n Required Filings\n \n \") past the\nprescribed deadline of November 28, 2023.\n \n \n The Company was granted a\n \n management cease trade order\n(\"\n \n \n MCTO\n \n \n \")\n \n by\n \n the Alberta Securities\nCommission, its principal regulator, on December 6, 2023 and UI is\nrequired to\n \n \n file\n \n \n bi-weekly\n \n \n default\n \n \n status\n \n \n reports\n \n \n in\n \n \n the\n \n \n form\n \n \n of\n \n a\n \n news\n \n \n release\n \n \n during\n \n \n the\n \n \n period\n \n \n of\n \n \n the\n \n \n MCTO.\n \n \n Failure\n \n \n to\n \n \n file\n \n \n the\n \n \n Required Filings or\n \n \n the bi-weekly\n \n \n default\n \n \n status\n \n \n reports\n \n \n will\n \n \n result\n \n \n in\n \n \n the\n \n \n issuance\n \n \n of\n \n a\n \n general\n \n \n cease\n \n \...