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VERISANTE ANNOUNCES REINSTATEMENT TO TRADE AND CORPORATE UPDATE
VERISANTE ANNOUNCES REINSTATEMENT TO TRADE AND CORPORATE UPDATE Canada NewsWire...
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n \n \n \n VERISANTE ANNOUNCES REINSTATEMENT TO TRADE AND CORPORATE UPDATE\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 VANCOUVER, BC\n \n \n ,\n \n \n May 27, 2022\n \n \n /PRNewswire/ -- Verisante Technology Inc. (NEX: VRS.H) is pleased to announce that it expects trading on the NEX board of the TSXV to be reinstated shortly following the full revocation of the Failure to File Cease Trade Order (\"FFCTO\") dated\n \n April 6, 2022\n \n , from its principal regulator, the British Columbia Securities Commission.\n \n \n \n Corporate Update\n \n \n \n In early 2018 Verisante Technology Inc. discontinued its medical device business and entered into an RTO transaction with SIM Co. Ltd.  The Company did not file consolidated financial statements on time and an FFCTO, dated\n \n May 4, 2018\n \n , was issued by the BC Securities Commission, as principal regulator, and on behalf of ASC and OSC.  While the Company's shares were suspended from trading, the Company was transferred from the TSXV to the NEX board effective\n \n October 29\n \n , 2018.  The Share Exchange Agreement with SIM Co. Ltd. was subsequently terminated on\n \n January 10, 2020\n \n .\n \n \n \n Partial FFCTO Revocation Order\n \n \n \n On\n \n September 8, 2021\n \n , the BC Securities Commission issued a Partial Revocation Order to permit a director to loan the Company\n \n $150,000\n \n at 10% annual interest to fund the necessary accounting, audit fees, and filing fees to bring the Company up to date with its financial reporting requirements.  The Company proceeded to complete, and file on SEDAR, audited financial statements and associated MD&A for the years ended\n \n December 31, 2017\n \n , 2018, 2019, 2020, and 2021.\n \n \n \n Full FFCTO Revocation Order\n \n \n \n On\n \n April 6, 2022\n \n , the BC Securities Commission issued a full revocation order with respect to the\n \n May 4, 2018\n \n , FFCTO.  The order was also made on behalf of the ASC and OSC.\n \n \n \n Management and Board of Directors\n \n \n \n The offic...