Mr.
Guy
Bourgeois reports
G6 MATERIALS PROVIDES CLARIFYING NEWS RELEASE REGARDING ITS MANAGEMENT CEASE TRADE ORDER
G6 Materials Corp. wishes to clarify certain information made in the company's news release on Oct. 2, 2024, wherein the company announced that the reason for the anticipated delay of filing its
audited annual financial statements, and accompanying management's discussion and analysis, with related chief executive officer and chief financial officer certificates, for the financial year ended May 31, 2024, is due to additional time being required to audit transactions carried out by the company's U.S. subsidiaries, along with enhanced quality controls by the issuer's auditors.
The company wishes to clarify that the anticipated delay is primarily due to the additional time required for management to sufficiently prepare for the audit, and provide the necessary working papers and related materials to the auditor in order to commence the audit.
The company is actively working toward completing the audit and expects to make the annual filings as soon as they are finalized, but no later than Dec. 1, 2024. The company is making every effort to ensure timely completion of these filings and remains focused on meeting its obligations.
The company currently expects to file the annual filings on or before Dec. 1, 2024, and will issue a news release announcing completion of such filings at such time. Until the company files the annual filings, it will comply with the alternative information guidelines set out in National Policy 12-203 -- Management Cease Trade Order for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require the company to issue biweekly default status reports by way of a news release so long as the annual filings have not been filed.
During the MCTO, the general investing public will continue to be able to trade in the company's listed common shares. However, the company's chief executive officer and chief financial officer will not be able to trade in the company's common shares.
About G6 Materials Corp.
G6 Materials is a high-tech company with expertise in advanced materials that creates value developing innovative composites for a wide range of industrial uses. Graphene Laboratories Inc., a wholly owned subsidiary of G6, sells a range of graphene-based products and other materials, including, but not limited to, conductive epoxies, high-performance composites, and R&D (research and development) materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA (National Aeronautics and Space Administration) and leading universities. Graphene Laboratories has entered the global air filtration market with Breathe
+, a line of medical-grade HEPA (high-efficiency particulate air) air filtration products enhanced with advanced performance graphene material.
G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the company has a valuable IP (intellectual property) portfolio currently comprising seven granted patents. The company's management team and employees have a deep understanding of graphene technology based on decades of aggregate academic and commercial experience. Graphene Laboratories has established its premium research laboratory and scalable production facility equipped with advanced analytical and material processing equipment.
We seek Safe Harbor.
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