Cryptologic Announces Reliance ON Temporary Regulatory Filing Relief
LEGAL*50225818.1
CRYPTOLOGIC ANNOUNCES RELIANCE ON
TEMPORARY
REGULATORY FILING RELIEF
TORONTO, Ontario, April 27, 2020
,
–
Cryptologic Corp. (“
Cryptologic
” or the
“
Company
”) (CSE:CRY) announced today t
hat due to constraints imposed on its
auditor by
the COVID
-
19 pandemic, it intends to rely on the temporary blanket
relief for market participants from certain regulatory filings as a result of COVID
-
19, published by Canadian securities regulators on March 23, 2020. This blanket
relief provides the Compa
ny with a 45
-
day extension
in respect of the filing of
its
financial statements and management’s discussion and analysis for the year
ended December 31, 2019 (the “
Annual Filings
”)
.
Cryptologic
expects to file the
Annual Filings on or before May 11, 2020.
The Company confirms that its management and other insi
ders are subject to the
Company’s Insider Trading Policy and such policy reflects the principles in section
9 of National Policy 11
-
207. The Company also confirms that since the filing of its
condensed interim consolidated financial statements for the peri
od ended
September 30, 2019, there have been no material business developments other
than those disclosed in prior press releases.
For information or interview please contact:
Jordan Greenberg Chief Financial Officer (647) 715
-
3707
About Cryptologic Corp.
Cryptologic Corp. is currently a cryptocurrency mining company that is focused on
divesting its crypto mining assets and exploring acquisition opportunities in sectors
outside of cryptocurrency mining.
Cautionary Note Regarding
Forward
-
Looking Information
Certain statements in this press release, including statements with respect to the
expected timelines for filing
the Annual Filings
,
contain forward
-
looking information
which can be identified by the use of
forward looking terminology such as “believes”,
“expects”, “may”, “desires”, “will”, “should”, “projects”, “estimates”, “contemplates”,
“anticipates”, “intends”, or any negative such as “does not believe” or other variations
thereof or comparable terminolo
gy. No assurance can be given that potential future
results or circumstances described in the forward
-
looking statements will be achieved
or will occur. By their nature, these forward
-
looking statements necessarily involve
risks and uncertainties that coul
d cause actual results to significantly differ from those
contemplated by these forward
-
looking statements. Such statements reflect the view
of the Company with respect to future events, and are based on information currently
available to the Company and o
n assumptions, which it considers reasonable.
Management cautions readers that the assumptions relative to the future events,
several of which are beyond management’s control, could prove to be incorrect, given
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that they are subject to certain risk and unc
ertainties, and that actual results may
differ materially from those projected. Management disclaims any intention or
obligation to update or revise any forward
-
looking statements whether as a result of
new information, future events or otherwise, except a
s required by applicable
securities laws. The reader is cautioned not to place undue reliance on forward
-
looking information. The Canadian Securities Exchange has not reviewed, approved
or disapproved the content of this news release.