Conic Provides Update ON Timing of Reporting of 2019 Financial Results Due to Delays Caused BY COVID-19
NEWS RELEASE TSX Venture: NKL
CONIC PROVIDES UPDATE ON TIMING OF REPORTING OF 2019
FINANCIAL RESULTS DUE TO DELAYS CAUSED BY COVID-19
TORONTO, ONTARIO, April 24, 2020 — Conic Metals Corp. (“ Conic” or the “ Company”) (TSXV:
NKL) today provided an update on timing of the release and filing of its financial results for the period
ended December 31, 2019.
In response to the ongoing global COVID -19 pandemic, the Canadian S ecurities Administrators have
recently announced temporary blanket relief allowing market participants an additional 45 days in which
to complete certain regulatory filings required to be made on or before June 1, 2020 (including financial
statements and management’s discussion and analysis). Accordingly, the Company intends to rely on this
blanket relief for the filing of the Company’s audited financial statements for the period ended December
31, 2019 (and related management’s discussion and analysis thereon) (collectively, the “ FY 2019
Disclosure Documents”) as a result of delays caused by the COVID -19 pandemic. The Company and its
auditor, under this temporary relief, are making every effort to issue and file the FY 2019 Disclosure
Documents at the earliest opportunity and currently expects to file them no later than June 14, 2020.
The Company confirms that there have been no material business developments sinc e filing its Listing
Application on Nove mber 7, 2019 , which is available on SEDAR at www.sedar.com. Our management
team and board of directors have purchased over 1,000,000 shares of Conic in the public markets just in the
last quarter as we feel the current share price is very attractive. Until such time as the FY 2019 Disclosure
Documents are filed, the Company’s management and other insiders will observe a trading blackout
consistent with the principles contained in section 9 of National Policy 11 -207 – Failure to File Cease
Orders and Revocations in Multiple Jurisdictions.
About Conic
Conic Metals Corp. is a base metals company offering direct exposure to nickel and cobalt, both being
critical elements of electric vehicles and energy storage systems. Conic holds an 8.56% joint -venture
interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New
Guinea which provides Conic with significant attributable nickel and cobalt production. In addition, Conic
manages a portfolio of 11 nickel and cobalt royalties on development and exploration project s in Canada
and Australia. Conic will continue to invest in a battery metals-focused portfolio of streams, royalties and
direct interests in mineral properties containing battery metals.
Cautionary Note Regarding Forward-Looking Statements
This news relea se contains certain information which constitutes ‘forward -looking statements’ and
‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements
that are contained in this news release that are not statements of historical fact may be deemed to be forward-
looking statements. Forward -looking statements are often identified by terms such as “may”, “should”,
“anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar
expressions. Forward-looking statements in this news release include, but are not limited to : statements
related to the impact of COVID-19 on the Company; statements with respect to the timing of the filing of
the FY 2019 Disclosure Documents; and statements with respect to the business and assets of Conic and its
strategy going forward. Readers are cautioned not to place undue reliance on forward -looking statements.
Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond
the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking
statements materialize, or should assumptions underlying the forward-looking statements prove incorrect,
actual results, performance or achievements could vary materially from those expressed or implied by the
forward-looking statements.
The forward-looking statements contained herein are made as of the date of this release and, other than as
required by applicable securities laws, the Compa ny does not assume any obligation to update or revise
them to reflect new events or circumstances. The forward-looking statements contained in this release are
expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regul ation 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. No securities regulatory authority has either approved or disapproved of the contents of this
news release.
Investor Contact:
Tel: 647.846.7765
Email: [email protected]