VANCOUVER, May 13, 2019 /CNW/ - RYU Apparel Inc. (TSXV: RYU,
OTCQB: RYPPF) ("RYU" or the "Company") announces that
the British Columbia Securities Commission (the
"Commission") has revoked the cease trade order issued
against the Company on May 6, 2019
(the "Cease Trade Order").
The Cease Trade Order was issued as a result of the Company's
failure to file its audited annual financial statements for the
year ended December 31, 2018, its
management's discussion and analysis relating to the audited annual
financial statements for the year ended December 31, 2018, together with the related
certifications (collectively, the "Disclosure Documents"),
on or before the prescribed filing deadline of April 30, 2019 as required by National Instrument
51-102, Continuous Disclosure Obligations, and NI 52-109,
Certification of Disclosure in Issuers' Annual and Interim
Filings, respectively.
The Company filed the Disclosure Documents on May 9, 2019 and the common shares resumed
trading as of today's date, May
13th, 2019.
The Company thanks its shareholders and supporters for their
patience during the period that the Cease Trade Order was in
effect.
For regular updates on RYU Apparel visit:
http://ryu.com
About RYU
Respect Your Universe is an award
winning urban athletic apparel and accessories brand engineered for
the fitness, performance and lifestyle of the athletic man and
woman. Designed without compromise for fit, comfort, and
durability, RYU exists to facilitate human performance. For
more information, visit: http://ryu.com
On Behalf of the Board
RYU APPAREL INC.
"Marcello
Leone"
Marcello Leone,
CEO
Tel: 604-235-2880
This press release contains forward-looking information that
involves various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation,
statements pertaining to the estimated timing of the Company making
the Filings, and related expectations regarding the issuance of,
and revocation of, the FFCTO. All statements included herein, other
than statements of historical fact, are forward-looking information
and such information involves various risks and uncertainties.
There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such information.
Forward-looking statements are based on estimates and opinions of
management of the Company at the time the information is presented.
The Company may, as considered necessary in the circumstances,
update or revise such forward-looking statements, whether as a
result of new information, future events or otherwise, but the
Company undertakes no obligation to update or revise any
forward-looking statements, except as required by applicable
securities laws.
Neither the TSX Venture Exchange Inc. nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange Inc.) accepts responsibility for the adequacy
or accuracy of this press release.
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SOURCE RYU Apparel Inc.