Imperial Metals extends mineralization at Mount Polley mine
Mineralization was extended over a 895-metre interval grading 0.26% copper and 0.32 g/t gold.
(via TheNewswire)
Calgary, AB – TheNewswire - July 19, 2024 - VIP Entertainment Technologies Inc. (TSXV: VIP OTC:VETIF) ("VIP" or the "Company") announces that the filing of its annual financial statements, accompanying management’s discussion and analysis and related chief executive officer and chief financial officer certificates for the fiscal year ended March 31, 2024 (the “Annual Filings“) will not be finalized by July 29, 2024 (the “Filing Deadline“), being the date that such filings are due under applicable Canadian securities law requirements.
The Company has made an application to the Alberta Securities Commission (the “ASC“), its principal regulator, for a temporary management cease trade order (the “MCTO“) under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") in connection with the possible delay in the Annual Filings. If granted, there will be a prohibition of trading in securities of the Company by the chief executive officer and chief financial officer of the Company until the Annual Filings and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted. During the period in which the MCTO is effective, the general public, who are not insiders of the Company, will continue to be able to trade in the Company's listed securities. The MCTO application has been made, but there is no guarantee or assurance that the MCTO will be granted.
The Company's failure to file its Annual Filings by the Filing Deadline is due to a combination of the resignation of its auditors in April of 2024, finding replacement auditors to complete the audit of the Company's financial statements and the recent change of chief financial officer. The preparation of the required annual financial statements and audit are underway and the Company continues to work with its auditors to complete the Annual Filings as soon as possible. The Company anticipates that it will be in a position to remedy the default by filing the Annual Filings on or about Sept. 28, 2024. The MCTO will be in effect until the required Annual Filings are filed.
The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements.
The Company is not currently subject to any insolvency proceedings. The Company also confirms that there is not other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release.
Other than as disclosed herein, the Company is up to date in its filing obligations.
About VIP Entertainment Technologies Inc.
VIP Entertainment Technologies Inc. (TSXV: VIP) is a leading provider of innovative entertainment solutions, dedicated to delivering unparalleled experiences to customers
worldwide. With a focus on leveraging emerging technologies and trends, VIP is committed to shaping the future of the entertainment industry.
For media inquiries, please contact:
Randy Jennings 1-403-899-9319
Neither the TSXV 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.
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