BitRush Corp. Announces Update on Financial Statements
Toronto, Ontario (FSCwire) - BitRush Corp. (“BitRush” or the “Corporation”) (CSE: BRH) today provides its bi-weekly update to its news release of November 13, 2015 pursuant to the requirements of National Policy 12-203 ("NP 12-203") that the new financial statements of MezzaCap GmbH will be filed within an amended management information circular for the reasons given in its October 30, 2015 and November 2, 2015 news releases. The Ontario Securities Commission granted a management cease trade order (the “MCTO”) effective November 13, 2015 preventing the Chief Executive Officer and the Chief Financial Officer of the Corporation from trading, directly or indirectly, in the securities of the Corporation, which will remain in place until the above-noted documentation has been filed, in accordance with the provisions of NP 12-203. The MCTO does not affect the ability of shareholders who are not insiders of the Corporation to trade their securities.
The Corporation and its management confirm that they are working expeditiously to meet the Corporation's obligations relating to the filing of the amended management information circular and expect to have it filed on or about December 1, 2015. Until the amended management information circular has been filed, the Corporation will issue bi-weekly status reports in the form of further press releases, which will also be filed on SEDAR.
FORWARD LOOKING INFORMATION
This press release contains certain “forward-looking information”. All statements, other than statements of historical fact, that address activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the anticipated date for filing of the amended management information circular and the Corporation’s intentions to comply with the Alternative Information Guidelines of NP 12-203) constitute forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Corporation based on information currently available to the Corporation as well as certain assumptions including, without limitation, the assumption that the Corporation will file the amended management information circular in a timely manner. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Corporation to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Corporation. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the failure of the Corporation to complete the financial statements and management’s discussion and analysis of MezzaCap GmbH in a timely manner.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Corporation believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
On behalf of the Board of Directors,
Peter Lukesch,
President and CEO,
For further information contact Peter Lukesch at: peter.lukesch@bitrush.co
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/bitrush11272015.pdf
Source: BitRush Corp. (CSE:BRH)
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