Mr. Paul Andreola reports
NAMESILO PROVIDES MANAGEMENT CEASE TRADE ORDER STATUS UPDATE
Namesilo Technologies Corp. has provided a default status report regarding its
management cease trade order in accordance with the alternative information guidelines
set out in National Policy 12-203 (Management Cease Trade Orders).
The company was unable to file its audited financial statements for the year ended Dec. 31,
2023, the related management's discussion and analysis, and related chief executive officer and
chief financial officer certificates for this period by the filing
deadline of April 29, 2024.
As previously disclosed in a news release dated May 1, 2024, the company applied to the B.C., Alberta and Ontario securities commissions for an MCTO
in anticipation of the default. As mentioned in the MCTO announcement, there was a delay in
progress of the audit due to additional time needed to assess certain investments made by the company during the financial year ended Dec. 31, 2023.
The MCTO was issued by the B.C. Securities Commission on April 30, 2024, and is
expected to remain in effect until two business days after the required filings are made.
There are no changes to the information contained in the default announcement or the default
status report in the news release dated May 23, 2024, and there has not been any other material
information concerning the company's affairs that has not been disclosed. The company and its
auditor continue to make every effort to complete the required filings as soon as possible, and
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 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 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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