Mr. Paul Andreola
reports
NAMESILO ANNOUNCES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER
Namesilo Technologies Corp. has made an application to the
British Columbia Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission to approve a temporary management
case trade order (MCTO) under National Policy 12-203, Cease Trade Orders for Continuous
Disclosure Defaults, which will prohibit trading securities by the company by the
chief executive officer and chief financial officer of the corporation until such time as the
required filings (defined herein) and all continuous disclosure requirements have been filed by the
company and the MCTO has been lifted. During the period in which the MCTO is effective, the
general public, who are not insiders of the company, will continue to be able to trade in the
company's listed securities. The MCTO was granted on April 30, 2024.
The company made the application for the MCTO as it expected that it will be unable to file its
audited financial statements for the year ended Dec. 31, 2023, and the management
discussion and analysis and related chief executive officer and chief financial officer certificates
for this period before the April 29, 2024, filing deadline.
The company and the auditor have noticed a delay in progress of the audit due to the additional
time needed to assess certain investments made by the company during the financial year ended
Dec. 31, 2023. As such, the company is concerned that the annual filings might not be filed
on time.
The company anticipates that it will be in a position to remedy the default by filing the required
filings on or about June 28, 2024. The MCTO will be in effect until the required filings are filed.
During this MCTO, all management, officers and directors of the company will be prohibited from
trading in the company's securities pursuant to the company's blackout procedures.
The company intends to satisfy the provision of the alternative information guidelines set out in
sections 9 and 10 of NP-12-203 as long as the required filings are outstanding.
About Namesilo Technologies Corp.
Namesilo Technologies invests its capital in companies and opportunities which
management believes are undervalued and have potential for significant appreciation.
The company's flagship subsidiary, Namesilo LLC, is a low-cost provider of domain name
registration and management services. As an accredited ICANN registrar, Namesilo is one of the
fastest-growing domain registrars in the world with over 2.5 million active domains under
management and over 240,000 customers from approximately 160 countries.
We seek Safe Harbor.
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