19:21:27 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Newmac Resources Inc (2)
Symbol NER
Shares Issued 9,716,042
Close 2021-01-21 C$ 0.07
Market Cap C$ 680,123
Recent Sedar Documents

Newmac to be late in filing fiscal 2021 financials

2021-01-22 15:48 ET - News Release

Subject: Newmac Resources - News release - for immediate dissemination PDF Document File: Attachment NER news release - anticipated failure to file Jan 2021 (final).pdf NEWMAC RESOURCES INC. www.newmacresources.com Anticipated Failure to Complete its 2021 audit and file its annual financial statements on time January 22, 2021. Newmac Resources Inc. ("Newmac" or the "Company") (TSX-V: NER) announces that it anticipates that it will not be able to complete the audit of its annual financial statements in time for the Company to comply with its filing obligations under National Instrument 51-102 ("NI51-102") and, as such, the Company anticipates that a cease trade order will be issued by the applicable securities commissions. Pursuant to Section 4.2 of NI51-102, a venture issuer must file its audited annual financial statements on or before the 120th day after the end of its most recently completed financial year. As such, the Company has until January 28, 2021 to satisfy this requirement. The Company owes its auditor, Manning Elliott, amounts for prior work and until those amounts are paid in full, Manning Elliott cannot complete the Company's current audit. The Company has arranged for a loan to pay all the amounts owing to Manning Elliott. The Company anticipates that the audit of its September 30, 2020 annual financial statements will be completed and the audited financial statements will be filed with the securities regulators within two months. The Company is applying to the British Columbia Securities Commission, its principal regulator, for a management cease trade order pursuant to National Policy 12-203 ("NP12-203"). If an MCTO is issued to the Company, the Company will be obligated to regularly updated the general public on the status of the Company's audited annual financial statements for the year ended September 30, 2020. The Company intends to comply with these alternative information provisions set out in NP12-203. Respectfully submitted ON BEHALF OF THE BOARD "Han Xin (Harrision) Wu" Han Xin (Harrision) Wu CEO For further information, please contact: Contact Name: Valent Chan, CFO Telephone Number: (604) 974-9990 Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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