Business
Wilton Resources Inc. Announces Postponement of Filing of Q1 Financial Statements and MD&A to June 12, 2020 and Postponement of Executive Compensation Disclosure
Calgary, Alberta--(Newsfile Corp. - May 19, 2020) - Wilton Resources Inc. (TSXV: WIL) (t...
About this update from Wilton Resources Inc.
[{"type":"text","content":"Wilton Resources Inc. Announces Postponement of Filing of Q1 Financial Statements and MD&A to June 12, 2020 and Postponement of Executive Compensation DisclosureCalgary, Alberta--(Newsfile Corp. - May 19, 2020) - Wilton Resources Inc. (TSXV: WIL) (the \"Corporation\") announces that filing of the Corporation's interim financial statements for the three month period ended March 31, 2020 (\"Q1 Financial Statements\") and associated management's discussion and analysis (\"Q1 MD&A\", and collectively with the Q1 Financial Statements, the \"Q1 Filings\") will be postponed due to delays caused by the COVID-19 pandemic.Although the Q1 Filings would ordinarily have been filed on or before May 30, 2020, pursuant to ASC Blanket Order 51-517 - Temporary Exemption from Certain Corporate Finance Requirements (\"Blanket Order 51-517\"), the Corporation has up to an additional 45 days from the deadline otherwise applicable under Alberta securities laws to file the Q1 Filings, provided that it complies with certain requirements set out in Blanket Order 51-517. Accordingly, The Corporation is relying on the relief contained in Blanket Order 51-517 for its Q1 Financial Statements required by section 4.4 of National Instrument 51-102 and its Q1 MD&A required by subsection 5.1(2) of National Instrument 51-102.The Corporation estimates that the Q1 Filings will be filed no later than June 12, 2020. During the extension period, until the Corporation has filed and announced the required Q1 Filings, management and other insiders of the Corporation will be subject to an insider trading black-out policy that reflects the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. Except as set out below, there have been no material business developments since the date of the Corporation's annual financial statements for the year ended December 31, 2019, which were filed on April 27, 2020.Since December 31, 2019, the outbreak of the novel strain of coronavirus, specifically identified as \"COVID-19\", has resulted in governments worldwide enacting emergency measures to combat the spread of the virus. These measures, which include the implementation of travel bans, self-imposed quarantine periods and social distancing, have caused material disruption to business globally resulting...