03:59:41 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



TUT Fitness Group Inc
Symbol GYM
Shares Issued 36,605,349
Close 2024-03-12 C$ 0.015
Market Cap C$ 549,080
Recent Sedar Documents

TUT Fitness to roll back shares one for 10

2024-03-12 19:33 ET - News Release

Mr. Robert Smith reports

TUT FITNESS UPDATES STATUS OF FILING ANNUAL FINANCIAL STATEMENTS

Further to TUT Fitness Group Inc.'s news releases issued on Jan. 30, 2024, Feb. 13, 2024, and Feb. 27, 2024, the company's principal regulator, the British Columbia Securities Commission, granted a management cease trade order (MCTO) on Jan. 30, 2024, under National Policy 12-203 -- Management Cease Trade Orders (NP 12-203).

Pursuant to the MCTO, the chief executive officer and the chief financial officer may not trade in securities of the company until such time as the company files its annual audited financial statements for the year ended Sept. 30, 2023, management's discussion and analysis, and related certifications, and the commission revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.

The company's board of directors and management confirm that they are continually working expeditiously to file the required documents. Since the company's press release dated Feb. 27, 2024, subject to exchange approval, the company's board of directors has approved, by resolution, the consolidation of its issued and outstanding common shares for one postconsolidated share for every 10 preconsolidated shares. There are no other material information respecting the company's affairs to report.

Until the required documents have been filed, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing biweekly default status reports in the form of further press releases for so long as the company remains in default of the financial statement filing requirement.

We seek Safe Harbor.

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