Medifocus Inc. Announces Delayed Filing of Annual Disclosure Documents Pursuant to OSC Instrument 51-502
July 24 2020 - 5:07PM
Medifocus Inc. (TSXV-MFS) (“
Medifocus” or the
“
Company”) today announced in accordance with
Ontario Instrument 51-502 Temporary Exemption from Certain
Corporate Finance Requirements of the Ontario Securities Commission
(the “
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, that it
will be delaying the filing of certain of its continuous disclosure
documents.
The Company is relying on the Exemption Order in
delaying the filing of its audited annual financial statements and
related management’s discussion and analysis and certifications for
the year ended March 31, 2020 (the “Required Annual
Filings”) beyond the filing deadline of July 30, 2020. The
Company currently intends to make the Required Annual Filings by
August 14, 2020.
The officers and directors of the Company and
other insiders will remain subject to a trading black-out that
reflects the principals in section 9 of National Policy 11-207
Failure-to-File Cease Trade Orders and Revocations in Multiple
Jurisdictions, pursuant to which such persons are prohibited from
trading in any securities of the Company 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 Company.
There have been no material business
developments in the business of the Company since the date of the
Company’s filing on March 2, 2020 of its interim financial
statements and management’s discussion and analysis for the interim
period ended December 31, 2019. The Company is assessing the impact
of COVID-19 on its business.
ON BEHALF OF THE BOARD OF DIRECTORS OF MEDIFOCUS
INC.
Dr. William JowCEO and Director
About Medifocus, Inc.:
Medifocus, Inc. (TSX-V: MFS; OTCQB: MDFZF) is a Biotechnology
Company with a portfolio of medical technologies that utilize
patented Focal Thermal Technology to treat conditions ranging from
Prostate Diseases to Breast Cancer. Its Prolieve® Thermodilatation™
System offers symptomatic relief to men with Benign Prostatic
Hyperplasia (BPH) through a simple, fast, in-office treatment.
Prolieve® is both FDA and Medicare approved for treating
symptomatic BPH with over 100,000 cases performed in the U.S.
alone, and with proven long-term safety, efficacy and durability.
Its APA 1000 Breast Cancer Treatment System was licensed from
Massachusetts Institute of Technology and developed by the
Medifocus team. The Targeted Focal Thermotherapy has been
demonstrated in Phase 2 clinical trials to offer significantly
better tumor shrinkage in patients treated with the combined
Chemothermal therapy compared those treated with Chemotherapy
alone. APA 1000 was also shown to be effective in reducing margin
positivity among patients treated with such thermotherapy prior to
lumpectomy.
For more details, please
visit:www.medifocusinc.com www.prolieve.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Investor Relations: Medifocus, Inc. Tel:
410-290-5734
Medifocus (TSXV:MFS)
Historical Stock Chart
From Dec 2024 to Jan 2025
Medifocus (TSXV:MFS)
Historical Stock Chart
From Jan 2024 to Jan 2025