22:34:23 EDT Fri 19 Apr 2024
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GLG Life Tech Corp (2)
Symbol GLG
Shares Issued 38,394,223
Close 2020-04-29 C$ 0.225
Market Cap C$ 8,638,700
Recent Sedar Documents

GLG Life still working on filing 2019 financials

2020-04-29 19:04 ET - News Release

Mr. Simon Springett reports

GLG LIFE TECH CORPORATION PROVIDES UPDATE REGARDING DELAY IN FILING YEAR-END FILINGS

The issuance of GLG Life Tech Corp.'s annual financial statements, its management discussion and analysis relating to its annual financial statements, its annual information form, and its chief executive officer and chief financial officer certifications, all in respect of its year ended Dec. 31, 2019, continue to be impacted by the coronavirus (COVID-19).

The company previously announced its reliance on the exemption provided in British Columbia 51-515, Temporary Exemption from Certain Corporate Finance Requirements (and similar exemptions provided by other Canadian Securities Administrators), for its delay in filing the required documents, which provides a 45-day extension for periodic filings normally required to be made by issuers.

This update is being issued in accordance with the requirements of that exemption. There have not been any material business developments since the company's previous announcement regarding the issuance of the required documents. Management continues to co-operate with its auditor to provide all necessary information and complete the required documents as soon as possible.

About GLG Life Tech Corp.

GLG Life Tech is a global leader in the supply of high-purity zero-calorie natural sweeteners, including stevia and monk fruit extracts used in food and beverages. The company's vertically integrated operations, which incorporate its fairness to farmers program and emphasize sustainability throughout, cover each step in the stevia and monk fruit supply chains, including non-GMO (genetically modified organism) seed and seedling breeding, natural propagation, growth and harvest, proprietary extraction and refining, marketing, and distribution of the finished products. Additionally, to further meet the varied needs of the food and beverage industry, the company, through its Naturals+ product line, supplies a host of complementary ingredients reliably sourced through its supplier network in China.

We seek Safe Harbor.

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