Usha Resources Announces Update to its Annual and Interim Filings
Suite 804, 750 West Pender Street, Vancouver, British Columbia V6C 2T7
Usha Resources Announces Update to its Annual and Interim Filings
Vancouver, British Columbia / August 24, 2020 – Usha Resources Ltd. (“USHA” or the
“Company”) (TSXV: USHA) announces that, further to its news release of July 24, 2020, the Company
is expecting to file its audited financial statemen ts for the year ended March 31, 2020 (the “ Annual
Filings ”) by the extension date of September 14, 2020 purs uant to BC Instrument 51-517 Temporary
Exemption from Certain Corporate Finance Requiremen ts with Deadlines during the Period from June 2
to August 31, 2020 (“ BCI 51-517 ”) and continues to work diligently with its audito rs to file the Annual
Filings by September 14, 2020.
Update on Q1 Filing
The Company will also be relying on the temporary e xemption pursuant to BCI 51-517 in respect to the
following provisions:
• the requirement to file interim financial statement s for the three months ended June 30, 2020 (the
“ Financial Statements ”) within 60 days after the end of the Company's in terim period as
required by section 4.4(b) of National Instrument 51-102 Continuous Disclosure (“ NI 51-102 ”);
• the requirement to file management discussion and a nalysis (the “ MD&A ”) for the period
covered by the Financial Statements within 60 days after the end of the Company's interim period
as required by section 5.1(2) of NI 51-102; and
• the requirement to file certifications of the Finan cial Statements (the “ Certificates ” and together
with the Financial Statements, the “ Interim Filings ”) pursuant to section 5.1 of National
Instrument 52-109 Certification of Disclosure in Issuer’s Annual and Interim Filings and section
4.4(b) [being the filing deadline for interim financial statements] of NI 51-102.
The Company is continuing to work diligently to file the Interim Filings before September 30, 2020.
The Company confirms that there have been no materi al developments, other than those disclosed
through news releases and material change reports, since the filing of its condensed interim financial
statements for the period ended December 31, 2019.
Additionally, the Company advises that management a nd other insiders of the Company are subject to a
trading black-out policy as described, in principle , in section 9 of National Policy 11-207, Failure to-File
Cease Trade Orders and Revocations in Multiple Jurisdictions .
USHA RESOURCES LTD.
“Deepak Varshney”
CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.