Vatic Ventures Updates on Delays in Filing Q4 Annual and Q1 Interim Statements Due to COVID-19 Pandemic
VATIC VENTURES CORP.
VATIC VENTURES CORP. 1500-1040 WEST GEORGIA STREET VANCOUVER, BC V6E 4H1 CANADA
PHONE: (778) 373-6972 FAX: (604) 689-1288 EMAIL: [email protected]
VATIC VENTURES UPDATES ON DELAYS IN FILING Q4 ANNUAL AND Q1 INTERIM STATEMENTS DUE TO COVID-19 PANDEMIC
Vancouver, BC, July 31, 2020 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSXV:VCV; FRA:V8V3) further to its June 22, 2020 news release, the Company has delayed filing its annual financial statements, management's discussion and analysis, and officer certificates for the year ended February 28, 2020, due to logistics and delays caused by the COVID-19 pandemic. Vatic has also delayed filng its Q1 interim financial statements, management’s discussion and analysis, and officer certificates for the quarter ended May 31, 2020.
Vatic is relying on exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay the filing of its annual documents required by National Instrument 51-102 by June 28, 2020 and interim documents by July 30, 2020. In response to the coronavirus disease 2020 pandemic securities regulatory bodies in Canada have granted a blanket exemption (BCI 51-517) allowing issuers an additional 45 days to complete their regulatory filings.
Vatic estimates that its 2020 annual documents and Q1 interim documents will be available for filing at its earliest opportunity, which is expected to occur on or before September 15, 2020. Until such time as the 2020 annual documents and Q1 interim documents are filed, Vatic’s management and other insiders are subject to a trading blackout that reflects the principles contained in section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
There have been no material business developments since the date of the last interim financial statements, filed on January 28, 2020, however, the Company has issued news releases subsequent to January 28, 2020, copies of which are available on SEDAR at www.sedar.com.
ABOUT VATIC VENTURES CORP.
The Company is actively reviewing and evaluating exploration and development opportunities in the mineral resources industry.
ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.
"T. Barry Coughlan"
T. Barry Coughlan, CEO & Director
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward- looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward- looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.