Rokmaster Announces Extension of Filing Deadline for its Annual Financial Statements and MD&A and Other Corporate Updates
Rokmaster Announces Extension of Filing
Deadline for its Annual Financial Statements
and MD&A and Other Corporate Updates
TSXV: RKR
Frankfurt
: 1RR
OTC Pink:
RKMSF
VANCOUVER
,
April 28, 2020
/CNW/ - Rokmaster Resources Corp. ("
Rokmaster
" or the
"
Company
") announces that due to delays associated with the COVID-19 pandemic, the Company
will not be able to file its annual consolidated financial statements and accompanying management's
discussion and analysis and related CEO and CFO certifications for the year ended
December 31,
2019
(collectively, the "Annual Filings"), prior to
April 29, 2020
, in accordance with Sections 4.2 and
5.1(2) of National Instrument 51-102 –
Continuous Disclosure Obligations
.
On
March 18, 2020
, the Canadian Securities Administrators (CSA) announced that they would
provide issuers with a 45-day filing extension for filings required on or before
June 1, 2020
, to allow
issuers the time needed to focus on the many other business and financial reporting implications of
the COVID-19 pandemic.
The Company will rely on this exemption with respect to the Annual Filings in accordance with BC
Instrument 51-515 –
Temporary Exemption from Certain Corporate Finance Requirements
. The
Company is continuing to work diligently and expeditiously to file the Annual Filings and currently
expects them to be filed on or prior to the extended filing deadline of
June 15, 2020
.
Until the Annual Filings are filed, management and other insiders of the Company continue to be
subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207
-
Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions
.
The Company confirms that since the filing of its condensed consolidated interim financial statements
for the period ended
September 30, 2019
, there have been no material business developments
other than those that have been publicly disclosed as required under applicable securities laws and
stock exchange requirements, and the developments disclosed below.
Other Corporate Developments:
The Company is pleased to announce that it has increased its previously announced non-brokered
financing involving the sale of flow-through units from up to 8,000,000 to up to 8,888,889 flow-
through units (the "
Flow-Through Units
") for gross proceeds of up to
$1,800,000
to up to
$2,000,000
, respectively. The terms and use of proceeds from the sale of the Flow-Through Units
will be the same as those described in the Company's news release dated
April 27, 2020
. The
financing remains subject to regulatory approval.
Lastly, the Company has received notice of the filing of a Notice of Civil Claim in the Supreme Court
of BC in respect of a claim for
$111,863.73
made by Somji Consulting Ltd. ("Somji Consulting"), a
consulting company controlled by former Rokmaster director
Feisal Somji
, in respect of monies that
Somji Consulting alleges are owed to it pursuant to a prior consulting agreement between
Rokmaster and Somji Consulting. Rokmaster disputes the amount claimed by Somji Consulting, and
it intends to file a response to this matter.
About Rokmaster
Rokmaster's focus is on exploring for base and precious metals, and its flagship asset is its option to
earn 100% of the Revel Ridge polymetallic precious metals project situated in the prolific Kootenay
Arc. Please refer to the technical report titled "Updated Technical Report on the Revel Ridge
Property (formerly J&L Property), Revelstoke Mining Division,
British Columbia, Canada
" dated
February 25, 2020
with an effective date of
January 29, 2020
, which the Company has filed on
SEDAR.
On behalf of the Board of Directors,
"John Mirko"
John Mirko
, President and Chief Executive Officer.
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.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:
This news release may contain forward-looking information within the meaning of applicable
securities laws ("forward-looking statements"). Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that
events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking
statements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the forward-looking statements, including, without
limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient
financing to fund the planned work in a timely manner and on acceptable terms; changes in planned
work resulting from weather, logistical, technical or other factors; the possibility that results of work
will not fulfill expectations and realize the perceived potential of the Company's properties; risk of
accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or
interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk
of environmental contamination or damage resulting from Rokmaster's operations and other risks
and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except
as may be required by applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information, future events or
results or otherwise.
SOURCE
Rokmaster Resources Corp.
View original content:
http://www.newswire.ca/en/releases/archive/April2020/28/c4438.html
%SEDAR: 00031923E
For further information:
For additional information on the Company and its projects, please visit
the Company's www.rokmaster.com or telephone (604) 290-4647.
CO: Rokmaster Resources Corp.
CNW 21:35e 28-APR-20