Corsurex Resource Corp. Announces Application for a Management Cease Trade Order For Late Filing of Audited Annual Financial Statements
Vancouver, British Columbia / June 15, 2020 – Corsurex Resource Corp. (the “Company”) (CSE:CRC), announces that it will be unable to file its annual financial statements, management’s discussion and analysis and related certifications for the year ended December 31. 2019 (the “Annual Filings”) on or before the prescribed filing deadline, as required by National Instrument 51-102, Continuous Disclosure Obligations, and National Instrument 52-109, Certification of Disclosure in Issuers’ Annual and Interim Filings, respectively. The Company has previously announced that it has relied on exemptive relief recently granted by the Canadian securities regulatory authorities, which provided for an extension of up to 45 days for the filing of the Annual Filings. This exemptive relief extended the filing deadline for the Annual Filings to June 15, 2020. The Company anticipates that its auditor will need approximately 3 weeks to complete the audit of the Company’s annual financial statements.
The Company has filed an application with the British Columbia Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission requesting issuance of a management cease trade order against the Company’s executives and directors instead of a cease trade order against the Company and all of its securityholders.
The Company anticipates that it will be in a position to file the Annual Filings on or before July 15, 2020. The Company confirms that it will comply with the alternative information guidelines included in National Policy 12-203, Management Cease Trade Orders, for so long as it remains in default of a specified requirement.
ON BEHALF OF THE BOARD OF DIRECTORS
Adrian Hobkirk, President, CEO and Director E: [email protected]
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.