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Israel Capital postpones financial filings

2020-06-30 20:00 ET - News Release

Mr. Stephen Davis reports

EXTENSION OF FILING INTERIM FINANCIAL STATEMENTS

Due to logistical issues and delays caused by the COVID-19 virus, Israel Capital Canada Corp. is relying on the exemption provided in B.C. Instrument 51-517 (Temporary Exemption from Certain Corporate Finance Requirements) with deadlines during the period from June 2 to Aug. 31, 2020 (and similar exemptions provided by other Canadian securities regulators), to postpone the filing and delivery of certain of its continuous disclosure documents.

The company is relying on the extension order in postponing: (i) the filing of its interim financial statements and related management's discussion and analysis and officer certificates for the period ended April 30, 2020; and (ii) compliance with the delivery requirements of applicable securities laws relating to the interim filings. The company's officers and directors and certain other persons will remain subject to a trading blackout pursuant to which such persons are prohibited from trading any securities of the company until the end of the second full trading day following the day on which the interim filings are filed on SEDAR and a corresponding new release is issued by the company.

The company currently intends to make the interim filings on or before Aug. 13, 2020, in accordance with the extension order.

The company confirms that, other than disclosed in prior press releases, there have been no material business developments since the filing on May 5, 2020, of the company's interim financial report for the period ended Jan. 31, 2020.

About Israel Capital Canada Corp.

Israel Capital is a capital pool company whose principal business activity is to identify and evaluate opportunities for the acquisition of assets or businesses as its qualifying transaction.

We seek Safe Harbor.

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