VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) — Telecure Technologies Inc. (“TELE” or the “Company”) (CSE: TELE) on May 2, 2022, announced a delay in the filing of its audited annual financial statements and management discussion & analysis for the financial years ended December 31, 2021 and 2020, and the CEO and CFO certificates, all as required by National Instrument 51-102 – Continuous Disclosure Obligations and National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the “Filings”). The Filings were required to be made with the relevant securities regulatory authorities on or before May 2, 2022.
The delay of the Filings is due to fact that the Company is having difficulty accessing various documents and information required in order to respond to the auditor-prepared provided by client list. The Company continues working diligently to complete its audit procedures. Additionally, as a result of the delay in the Filings, the Company was unable to file its interim financial statements, its management’s discussion and analysis and related officer certifications for the three-month period ended March 31, 2022 (the “Interim Filings”) by the filing deadline of May 30, 2022. The Company anticipates filing the Interim Filings forthwith upon completion of the Filings.
The Company has applied to the relevant securities regulators for a management cease trade order as contemplated by National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) of the Canadian Securities Administrators and has received such management cease trade order. The Company will comply with the requirements of the alternative information guidelines set out in NP 12-203. The Company is not subject to any insolvency proceedings.
Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, including statements with respect to the MCTO in respect of the Company and the Filings, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Examples of such risk factors include, without limitation: credit; market (including equity, commodity, foreign exchange and interest rate); liquidity; operational (including technology and infrastructure); reputational; insurance; strategic; regulatory; legal; environmental; capital adequacy; the general business and economic conditions in the regions in which the Company operates; the
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