Peeks Social Receives Cease Trade Order and Suspension From Trading
13 Setembro 2019 - 9:00AM
Peeks Social Ltd. (the "
Corporation", or
“
Peeks”) (TSXV: PEEK, OTCQB: PKSLF) announced that
further to its press release dated September 6, 2019, the Ontario
Securities Commission (“
OSC”) has issued a Cease
Trade Order (“CTO”) effective September 9, 2019, against the
Corporation for failure to file the following by June 28, 2019:
- audited annual financial
statements for the year ended February 28, 2019;
- management's discussion and
analysis relating to the audited financial statements for the year
ended February 28, 2019; and
- certification for the audited
financial statements for the year ended February 28, 2019.
As a result, the Corporation has received notice
from the TSX Venture Exchange (“TSXV”) that
trading in the Corporation’s securities has been suspended.
TSXV also provided the Corporation with notice that it intends to
downgrade the Corporation from Tier 1 to Tier 2 if the Corporation
has not been reinstated for trading by September 30, 2019.
Trading in the Corporation’s securities may only be reinstated once
the Corporation has completed the necessary filings, the CTO has
been lifted and it has completed an application to TSXV for
reinstatement.Th Corporation will provide an update on timing as it
becomes available.Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this Release.For
further information, please contact:
Peeks Social Ltd. Mark Itwaru
Chairman & Chief Executive Officer 416-639-5339
mark@peeks.com |
David Vinokurov Director Investor Relations 416-716-9281
davidv@peeks.com |
Forward Looking StatementsThis news release
contains forward-looking statements relating to the expected timing
of the filing of the Annual Audited Financial Statements and
related Management’s Discussion and Analysis for the year ended
February 28, 2019. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from the Corporation's expectations are risks
detailed from time to time in the filings made by the Corporation
with securities regulations. Forward-looking statements contained
in this news release are expressly qualified by this cautionary
statement. The forward-looking statements contained in this news
release are made as of the date of this news release and the
Corporation will update or revise publicly any of the included
forward-looking statements as expressly required by Canadian
securities law.
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