Mr. Patrick Butler reports
ZINC8 ENERGY SOLUTIONS ANNOUNCES FURTHER UPDATE TO ITS ANNUAL FILING AND EXTENSION FOR Q1 FILING
Further to the news release dated April 29, 2020, Zinc8 Energy Solutions Inc. is expecting to file its audited financial statements for the year ended Dec. 31, 2019, by the extension date of June 15, 2020, pursuant to B.C. Instrument 51-515 (Temporary Exemption from Certain Corporate Finance Requirements) and continues to work diligently with its auditor to file the annual filings by June 15, 2020.
Update on first quarter filing
The company will also be relying on the temporary exemption pursuant to BCI 51-515 in respect to the following provisions:
- The requirement to file interim financial statements for the three months ended March 31, 2020, within 60 days after the end of the company's interim period as required by Section 4.4(b) of National Instrument 51-102 (Continuous Disclosure);
- The requirement to file management's discussion and analysis for the period covered by the financial statements within 60 days after the end of the company's interim period as required by Section 5.1(2) of NI 51-102;
- The requirement to file certifications of the financial statements pursuant to Section 5.1 of National Instrument 52-109 (Certification of Disclosure in Issuer's Annual and Interim Filings) and Section 4.4(b) (being the filing deadline for interim financial statements) of NI 51-102.
The company is continuing to work diligently to file the interim filings by July 16, 2020.
In addition, the company intends to postpone the filing of the executive compensation disclosure required pursuant to Section 9.3.1(2.2) of NI 51-102, which would otherwise be required to be filed by June 30, 2020.
The company confirms that there have been no material developments, other than those disclosed through news releases.
Additionally, the company advises that management and other insiders of the company are subject to a trading blackout policy as described, in principle, in Section 9 of National Policy 11-207 (Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions).
About Zinc8 Energy Solutions Inc.
Zinc8 has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. Zinc8 strives to meet the growing need for secure and reliable power.
© 2021 Canjex Publishing Ltd. All rights reserved.