TSX Venture Exchange April 28 th , 2020 Symbol: SRC Shares Outstanding : 42,190,662 Stakeholder Gold Announces Extension of Financial Statements and MD&A Filing
FOR IMMEDIATE RELEASE
TSX Venture Exchange
April 28
th
, 2020
Symbol: SRC
Shares Outstanding
:
42,190,662
Stakeholder Gold Announces Extension of Financial Statements and MD&A Filing
Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX
-
V: SRC) announces
that due to the
COVID
-
19 pandemic, the Company intends to postpone the filing of its annual consolidated financial
statements and accompanying management's discussion and analys
is and related CEO and CFO
certificates for the financial period ended December 31, 2019 (collectively, the "Annual Filings"), which
are
required to be filed by April 29, 2020, under Sections 4.2 and 5.1(2) of National Instrument 51
-
102
-
Continuous Disclo
sure Obligations.
On March 18, 2020, the Canadian Securities Administrators (CSA) announced
a blanket provision which
provide
d
issuers with a 45
-
day filing extension for filings required on or before June 1, 2020
. This
extension was 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
-
5
15
-
Tempora
ry Exemption from Certain Corporate Finance Requirements.
The Company
is continuing to work diligently and expeditiously to file the Annual Filings and currently expects to have
them filed on or prior to the extended filing deadline of June 15, 2020.
Unti
l the Annual Filings are filed, management and other insiders of the Company are 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 Juri
sdictions.
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.
For further information please contact:
Stakeholder Gold Corporation
416 525
-
6869
Forward Looking Information
This news release contains forward
-
looking information. All information,
other than information of historical
fact, constitute
“forward
-
looking statements” and includes any information that addresses activities, events or
developments that the
Corporation
believes, expects or anticipates will or may occur in the future including the
Corporation’s strategy, plans or
future financial or operating performance.
When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”,
“believe”, “hope”, “may”
and similar expressions, as well as “
will
”, “shall” and other indications of future tense, are intended to identify forward
-
looking information. The forward
-
looking information is based on current expectations and applies only as o
f the date on which
they were made. The factors that could cause actual results to differ materially from those indicated in such forward
-
looking
information include, but are not limited to, the ability of the Corporation to fund the exploration expenditur
es required under
the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risk
s
may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.
The
Corporation cautions that there can be no assurance that forward
-
looking information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such information. Accordingly, investors should n
ot
place
undue reliance on forward
-
looking information. Except as required by law, the Corporation does not assume any
obligation to release publicly any revisions to forward
-
looking information contained in this press release to reflect events or
circumstances af
ter the date hereof.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.