DuSolo Provides Update on Status of 2016 Annual Financial Statement Filing
February 28 2017 - 1:36AM
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb
28, 2017) - DuSolo Fertilizers Inc. (TSX VENTURE: DSF) ("DuSolo" or
"the Company") provides the following update on the preparation of
its 2016 audited financial statements and other annual filings:
As indicated in its January 30, 2017 news release,
on January 30, 2017 DuSolo was required to file:
1. |
Audited
annual financial statements for the year ended September 30, 2016
as required by Part 4 of National Instrument 51-102 Continuous
Disclosure Obligations; |
|
|
2. |
Management's discussion and analysis relating to the audited annual
financial statements, as required by Part 5 of National Instrument
51-102 Continuous Disclosure Obligations; and |
|
|
3. |
CEO and
CFO certificates relating to the audited annual financial
statements, as required by National Instrument 52-109 Certification
of Disclosure in Issuers' Annual and Interim Filings (collectively,
the "required filings"). |
DuSolo continues to work with its new auditors
towards the completion of the required filings. The Company
previously anticipated that it would be in a position to file the
required filings by February 28, 2017. The Company's current
estimate is that the required filings will be made on or before
March 3, 2017.
Dusolo applied to the securities commissions of
the provinces in which it is a reporting issuer and has been
granted a management cease trade order for the duration of the
default. Until the required filings are made and the management
cease trade order is lifted, Dusolo will satisfy the requirements
of the alternative information guidelines set out in National
Policy 12-203 Management Cease Trade Orders (the "MCTO Policy")
which require Dusolo to issue bi-weekly news releases to keep the
market continuously informed of any developments during the period
of the default.
On behalf of DuSolo Fertilizers Inc.
Giles Baynham, Chief Executive Officer and
Director
Neither the TSX Venture Exchange Inc. nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange Inc.) accepts responsibility
for the adequacy or accuracy of this press release.
Contacts:
DuSolo Fertilizers Inc.
(604) 484 7122
ir@dusolo.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: DuSolo Fertilizers via Globenewswire
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