Arctic Star Postpones Filing of Annual Financial Statements and MD&A Due to COVID-19 Related Delays
TSX-V: ADD Frankfurt: 82A1 WKN: A2DFY5 April 20, 2020
Arctic Star Postpones Filing of Annual Financial Statements and MD&A Due to COVID-19 Related Delays
April 20, 2020 – Vancouver, British Columbia – Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) announces that has postponed filing its annual financial statements, management's discussion and analysis, for the year ended December 31, 2019, due to logistics and delays caused by the COVID-19 pandemic.
The Company is relying on exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay the filing of its annual documents required by National Instrument 51- 102 by April 30, 2020. In response to the coronavirus disease 2019 pandemic, securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings.
The Company estimates that its 2019 annual documents will be available for filing at its earliest opportunity, which is expected to occur on or before July 13, 2020. Until such time as the 2019 annual documents are filed, the Company’s management and other insiders are subject to a trading blackout that reflects the principles contained in section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
There have been no material business developments since the date of the last interim financial statements, filed on November 28, 2019 except as disclosed by the Company in issued news releases subsequent to November 28, 2019, copies of which are available on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
”Patrick Power”
Patrick Power, President & CEO +1 (604) 218-8772 [email protected]
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 release.