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Glorious Creation Ltd
Symbol C : GCIT
Shares Issued 38,222,001
Close 2019-05-03 C$ 0.03
Recent Sedar Documents

Glorious Creation receives loan to pay for audit

2019-05-15 13:50 ET - News Release

Mr. Yuk Kan Kong reports

GLORIOUS CREATION LIMITED PROVIDES DEFAULT STATUS REPORT

Glorious Creation Ltd. has provided a status update to the management cease trade order issued by the British Columbia Securities Commission on May 1, 2019. On May 1, 2019, the company announced that its annual financial statements, the related management's discussion and analysis, and the related officer certifications for the financial year ended Dec. 31, 2018, will be delayed beyond the filing deadline of April 30, 2019.

As previously reported, the reason for the default in filing the annual filings prior to the required deadline is that the company had insufficient funds to pay for such audit, but has since obtained a loan sufficient to pay, among other items, the cost of this audit. The audit has been commenced and it is anticipated that the audit will be completed and the annual filings filed on SEDAR before the end of May, 2019. Although the company cannot be certain of timing, there is reason to be confident in the audit being completed in this time frame.

The company confirms that for as long as the MCTO is in effect, it intends to satisfy the provisions of the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders by providing updates of the status of this default every two weeks by way of a news release and material change report.

We seek Safe Harbor.

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