SASKATOON, April 29, 2020 /CNW/ - Westcore Energy Ltd.
("Westcore" or the "Company") (TSXV: WTR) announces that pursuant
to blanket relief granted by the securities regulatory authority or
regulator in each province and territory of Canada as a result of the COVID-19 pandemic,
Westcore is postponing the filing and delivery, as applicable, of
the following continuous disclosure documents of the Company (the
"Annual Filings"):
- the annual financial statements for the year ended December 31, 2019, as required by Part 4 of
National Instrument 51-102 - Continuous Disclosure
Obligations ("NI 51-102");
- the management discussion and analysis for the year ended
December 31, 2019, as required by
Part 5 of NI 51-102;
- the certifications of the annual financial statements for the
year ended December 31, 2019, as
required by section 4.1 of National Instrument 52-109 –
Certification of Disclosure in Issuers' Annual and Interim
Filings; and
- the statement of reserves data and other information required
by section 2.1 of National Instrument 51-101 – Standards of
Disclosure for Oil and Gas Activities.
The Company expects to file and deliver, as applicable, the
Annual Filings on or about June 15,
2020, as it is afforded a postponement of up to 45-days
pursuant to the blanket relief granted to all market participants
under applicable securities law.
Other than as disclosed in the Company's press releases, there
have not been any material business developments since the date
that last financial statements of the Company were filed.
The Company confirms that its management and other insiders are
subject to an insider trading black-out policy that reflects the
principles in section 9 of National Policy 11-207
– Failure-to-File Cease Trade Orders and Revocations in
Multiple Jurisdictions, such that they are in a black-out
period until the commencement of the second trading day after the
Annual Filings have been disclosed by way of a news release.
CAUTION REGARDING FORWARD LOOKING
STATEMENTS
Information in this news release that is not a
statement of historical fact constitutes forward-looking
information. Forward-looking statements contained herein include
statements relating to the expected timing of the Annual Filings.
Forward-looking statements are based on assumptions management
believes to be reasonable at the time such statements are made.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. Factors that may cause actual
results to differ materially from expected results described in
forward-looking statements include, but are not limited to:
uncertainties as a result of the global Covid-19 pandemic as well
as those risk factors set out in the Company's Management
Discussion and Analysis and other disclosure documents available
under the Company's profile at www.sedar.com.
Forward-looking statements contained herein are made as of the date
of this news release and the Company disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as
required by applicable securities laws.
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.
SOURCE Westcore Energy Ltd.
