MPX International Announces Delayed Filing of Interim Financial Statements Pursuant to OSC Blanket Instrument 51-502
May 27 2020 - 7:55PM
MPX International Corporation (“
MPX
International”, “
MPXI” or the
“
Corporation”) (CSE:MPXI; OTCQX:MPXOF), a
multinational diversified cannabis company, announces that it will
be delaying the filing and delivery of certain of its continuous
disclosure documents, in accordance with Ontario Instrument 51-502
Temporary Exemption from Certain Corporate Finance Requirements of
the Ontario Securities Commission (the “
Blanket Exemption
Order”) which was adopted for the purpose of providing
certain filing and other relief to issuers in light of the
challenges posted by the COVID-19 pandemic.
The Corporation is relying on the Blanket
Exemption Order in delaying the Corporation’s interim financial
statements for the three and six month period ended March 31, 2020
and related certifications; and the Corporation’s management
discussion and analysis for the three and six month period ended
March 31, 2020.
The officers and directors of the Corporation
and certain other persons will remain subject to a trading
black-out pursuant to which such persons are prohibited from
trading in any securities of the Corporation until the end of the
second full trading day following the day on which the Required
Annual Filings are filed on SEDAR and a corresponding news release
is issued by the Corporation.
The Corporation currently intends to make the required interim
filings by July 15, 2020.
About MPX International
Corporation
MPX International Corporation is a multinational
diversified cannabis company focused on developing and operating
assets across the global cannabis industry with an emphasis on
cultivating, manufacturing and marketing products which include
cannabinoids as their primary active ingredient.
Cautionary Statement Regarding
Forward-Looking Information This news release includes
certain “forward-looking statements” under applicable Canadian
securities legislation that are not historical facts.
Forward-looking statements involve risks, uncertainties, and other
factors that could cause actual results, performance, prospects,
and opportunities to differ materially from those expressed or
implied by such forward-looking statements. Forward-looking
statements in this news release include, but are not limited to,
MPX International’s objectives and intentions.
Forward-looking statements are necessarily based on a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: general
business, economic and social uncertainties; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; delay or failure to receive
board, shareholder or regulatory approvals; those additional risks
set out in MPX International’s public documents filed on SEDAR
at www.sedar.com, including its audited annual consolidated
financial statements for the financial years ended September 30,
2019 and 2018 and the corresponding annual management’s discussion
and analysis; and other matters discussed in this news release.
Although MPX International believes that the assumptions and
factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by law, MPX
International disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
For further information, please contact:
MPX International Corporation W. Scott Boyes, Chairman,
President and CEOT: +1-416-840-3725
info@mpxinternationalcorp.com
For additional information on MPXI visit our
website www.mpxinternationalcorp.com or http://mpxi.tv.
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