02:13:02 EDT Fri 03 May 2024
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Intellabridge receives CTO revocation

2024-04-15 15:04 ET - News Release

Ms. Maria Eagleton reports

INTELLABRIDGE TECHNOLOGY ANNOUNCES REVOCATION OF CEASE TRADE ORDER

The Ontario Securities Commission has issued Intellabridge Technology Corp. a revocation order dated April 12, 2024, granting full revocation of the cease trade order previously issued by the OSC on May 6, 2022, and the reciprocal cease trade orders issued by the Alberta Securities Commission and the British Columbia Securities Commission.

The OSC, as principal regulator, previously issued a cease trade order against the company on May 6, 2022, and the ASC and BCSC concurrently cease traded the company on May 6, 2022, pursuant to statutory reciprocal orders under the Securities Act (Alberta) and the Securities Act (British Columbia), respectively. The CTO was issued against the company due to the company's failure to file its certification of annual filings, annual audited financial statements, and annual management discussion and analysis for the year ended Dec. 31, 2021.

The applicable CD filings were subsequently filed by the company on July 28, 2022, as amended and restated on Oct. 4, 2023, and are available on the company's SEDAR+ profile. As of the date hereof, all continuous disclosure documents of the company required to be filed by the company pursuant to National Instrument 51-102, Continuous Disclosure Obligations, as of the date hereof have been filed by the company and are available on the company's SEDAR+ profile. The company confirms that, since May 6, 2022, there have been no material changes in the business, operations or affairs of Intellabridge that have not been disclosed by news release and/or material change report and filed on the company's SEDAR+ profile.

Pursuant to the revocation of the CTO by the OSC, the reciprocal cease trade orders issued by the ASC and the BCSC are concurrently revoked, and the trading in and acquisition of securities of the company is no longer prohibited.

The company has applied to the Canadian Securities Exchange to have the suspension of trading of the company's common shares on the CSE lifted. The company will provide a further update to shareholders in respect of the company's trading status on the CSE in due course.

About Intellabridge Technology Corp.

Intellabridge Technology is a fintech (financial technology) company in the business of impact finance with a mission to make every transaction have a positive impact on the world through cashback solutions and automated customizable donations to charitable organizations based on the United Nations Sustainable Development Goals.

We seek Safe Harbor.

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