Ms. Michelle DeCecco reports
KAIROS GOLD ANNOUNCES MOVE TO SEMI-ANNUAL REPORTING
Kairos Gold Inc. has elected to rely on Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting (SAR), for certain TSX Venture Exchange reporting issuers, and move to SAR. The blanket order is a pilot program of the Canadian securities regulators that allows eligible venture issuers to voluntarily convert from quarterly financial reporting to semi-annual financial reporting.
The corporation's fiscal year ends on Dec. 31. Under the SAR pilot program, the corporation will be exempt from filing interim financial reports and related management discussion and analysis (MD&A) for its first and third quarters, and all subsequent periods ending March 31 and Sept. 30. The corporation will continue to file audited annual financial statements (due within 120 days of Dec. 31) and six-month interim financial reports and related MD&A (due within 60 days of June 30).
The corporation remains committed to timely disclosure and to reporting all material changes and significant developments in accordance with National Instrument 51-102, Continuous Disclosure Obligations.
The corporation confirms that it meets the eligibility criteria under the blanket order. The corporation has determined that participation in the SAR pilot program will ease the administrative and financial burden associated with quarterly reporting and is consistent with the objectives of the blanket order. This news release is being filed pursuant to Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
About Kairos Gold Inc.
Kairos Gold is focused on advancing a portfolio of mineral exploration properties, spanning 22,429 hectares across five projects in Chile, positioned within the prolific Chilean megaporphyry belt that is known for its rich deposits of gold, silver and copper. Kairos Gold is advancing its exploration strategy with a focus on near-term drill targets and long-term resource growth.
We seek Safe Harbor.
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