Mr. Mike Withrow reports
AREV RECEIVES 45 DAY EXTENSION TO FILE QUARTERLY FINANCIAL STATEMENTS AND MD&A
Arev Nanotec Brands Inc.
has provided an update on the status of the filing of its:
Annual audited financial statements, the accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certifications for the filings ended Dec. 31, 2019;
- Quarterly financial statements, the accompanying management's discussion and analysis, and related CEO and CFO certifications for the first quarter ended March 31, 2020.
On March 18, 2020, the Canadian Securities Administrators (CSA) announced that it will provide issuers with a 45-day filing extension for filings required on or before June 1, 2020, to allow issuers the time needed to focus on the many other business and financial reporting implications of COVID-19. The company will rely on this exemption with respect to the quarterly filings in accordance with British Columbia Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements.
Members of the company's management and other insiders are subject to a trading blackout policy that reflects the principles in Section 9 of National Policy 11-207. The company expects to file the documents on or before the end of the available 45-day extension period. An update on material business developments since the filing of the company's interim financial reports has been provided in prior press releases.
About Arev Nanotec Brands Inc.
Arev Nanotec produces and sells functional ingredients produced by its proprietary extraction systems. These premium ingredients and products are targeted for the natural health, medical, functional food, nutraceutical and sport nutrition markets.
We seek Safe Harbor.
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