Royal ROAD Announces Delay IN Filing Interim Financials
NEWS RELEASE
ROYAL ROAD ANNOUNCES DELAY IN FILING INTERIM FINANCIALS
Toronto, Ontario June 1, 2020 – Royal Road Minerals (“ RRM” or the “ Company”) today
announces that it intends to rely on the temporary blanket relief for market participants
published on March 23, 2020 (the “ Blanket Order”) by the Canadian Securities Administrators
(the “ CSA”) which provides for a 45 -day extension to file its interim financial statements and
interim Quarterly Management Discussion and Analysis (“MD&A”) for the quarter ended March
31, 2020 (the “Q1 2020 Filings”).
The Company is relying on the temporary exemption granted pursuant to section 7 of Ontario
Instrument 51 -502 Temporary Exemption from Certain Corporate Finance Requirements with
respect to the requirement to file its Q1, 2020 Filings as per sections 4.4 and 5.1(2) of National
Instrument 51-102 Continuous Disclosure Obligations and section 5.1 of National Instrument 52-
109 Certification of Disclosure in Issuers' Annual and Interim Filings. The Company expects to file
its Q1, 2020 Filings no later than June 15, 2020.
Until the Q1, 2020 Filings are filed, management and other insiders of the Company are subject
to a trading black -out policy that reflects the principles of section 9 of National Policy 11 -207
Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
Other than as previously disclosed by the Company, there have been no material business
developments since the date of the audited annual consolidat ed financial statements that were
filed May 29, 2020
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 re lease.
Cautionary statement:
This news release contains certain statements that constitute forward -looking information and forward -looking
statements within the meaning of applicable securities laws (collectively, “forward -looking statements”) including
statements relating to the joint venture and those describing the Company’s future plans and the expectations of its
management that a state d result or condition will occur . Such forward -looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of
the Company, or developments in the Company’s business or in the mineral resources industry, or with respect to the
letter of intent and the Agreement and transactions contemplated thereby, to differ materially from the anticipated
results, performance, achievements or developments expressed or implied by such forward -looking statements.
Forward-looking statements include all disclosure regarding possibl e events, conditions or results of operations that
is based on assumptions about, among other things, future economic conditions and courses of action, and
assumptions related to government approvals, and anticipated costs and expenditures. The words “ plans”,
“prospective”, “expect”, “intend”, “intends to” and similar expressions identify forward looking statements, which
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may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-
looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are
not limited to, those related to the Acquisition, the Company and the Company’s plans exploration plans.
The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only
as of the date they are made. There is no guarantee that the anticipated benefits of the Acquisition and the
Company’s business plans or operations will be achieved. The risks and uncertainties that may affect forward-looking
statements include, among others: economic market conditions, anticipated costs and expenditures, government
approvals, and other risks detailed from time to time in the Company’s filings with Canadian provinci al securities
regulators or other applicable regulatory authorities . Forward-looking statements included herein are based on the
current plans, estimates, projections, beliefs and opinions of the Company management and, in part, on information
provided to the Company by Anglo Ashanti and its affiliates , and, except as required by law, the Company does not
undertake any obligation to update forward -looking statements should assumptions related to these plans,
estimates, projections, beliefs and opinions change.
For further information please contact:
Dr. Timothy Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800