Mr. David Greenway reports
QUANTUM COBALT ANNOUNCES DELAY IN FILING ANNUAL STATEMENTS & MD&A
Quantum Cobalt Corp. will be relying on an exemption
adopted by the B.C. Securities Commission and provided in B.C.
Instrument 51-515 (Temporary Exemption from Certain Corporate Finance Requirements)
(the blanket exemption order) for temporary exemption from certain continuous disclosure
requirements due to challenges posed by the COVID-19 pandemic.
The company will delay the following annual filings, which would otherwise be due on June 1,
2020, and are now expected to be filed no later than July 16, 2020:
Audited annual financial statements for the year ended Jan. 31, 2020;
Management's discussion and analysis for the year ended Jan. 31, 2020;
Annual certification of filings -- chief executive officer;
Annual certification of filings -- chief financial officer.
As required by B.C. Instrument 51-515, the company discloses the following:
The company's management and other insiders will be subject to a trading blackout that
reflects the principles in Section 9 of National Policy 11-207 until the required annual filings
are filed on SEDAR.
Other than as previously disclosed by the company, there have been no other material
business developments since the date of the company's most recent filing of its interim financial
statements and management's discussion and analysis for its third quarter ended Oct. 31, 2019.
We seek Safe Harbor.
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