Mr. Dennis Luk reports
SUNSET PACIFIC PETROLEUM PROVIDES DEFAULT STATUS REPORT
Sunset Pacific Petroleum 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 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 has insufficient funds to pay for such audit. The company is still in the process of obtaining financing to
finance payment of the audit. Upon receipt of funds and regulatory approval, if required, it will pay the auditor to
complete the audit. It is anticipated that the company will complete the year-end audit by June 15, 2019. Although
the company cannot be certain of timing, there is reason to be confident in the audit being completed in this time
The company confirms that, for as long as the management cease trade order 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 on a biweekly basis by way of a news release and material change report.
We seek Safe Harbor.
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