TORONTO, May 17, 2024
/CNW/ - ApartmentLove Inc. (CSE: APLV) ("ApartmentLove" or the
"Company") is providing this bi-weekly update on the status of the
management cease trade order issued on May
9, 2024 (the "MCTO"), by its principal regulator, the
Alberta Securities Commission, under National Policy 12-203 -
Management Cease Trade Orders ("NP 12-203"), after the
Company's previous announcement on May 1,
2024 (the "Default Announcement"), that it expected to be
unable to file its audited annual financial statements for the year
ended December 31, 2023 and
associated management's discussion and analysis and certifications,
along with its annual information financial form for the year ended
December 31, 2023 (collectively, the
"Annual Filings").
The Company had anticipated filing the Annual Filings by
May 17, 2024; however, the auditor of
the Company has advised that it will not be in a position to
complete the audit by May 17, 2024,
and has advised that it requires additional time to complete the
audit. As a result, the Company now anticipates filing the Annual
Filings on or before May 31,
2024.
Except as herein disclosed, there are no material changes to the
information contained in the Default Announcement. In addition: (i)
the Company is satisfying and confirms that it intends to continue
to satisfy the provisions of the alternative information guidelines
under NP 12-203 and issue bi-weekly default status reports for so
long as the delay in filing the Annual Filings is continuing, each
of which will be issued in the form of a press release; (ii) the
Company does not have any information at this time regarding any
anticipated specified default subsequent to the default in filing
the Annual Filings; (iii) the Company is not subject to any
insolvency proceedings; and (iv) there is no material information
concerning the affairs of the Company that has not been generally
disclosed.
Disclaimer and Reader Advisory
The Canadian Securities Exchange does not accept
responsibility for the adequacy or accuracy of this news release.
Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and
unknown risks and uncertainties, certain of which are beyond the
control of the Company. Forward-looking statements are frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
These statements are only predictions. Readers are cautioned that
the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. Forward looking statements
include but are not limited to the successful filing of the
Required Filings by May 31, 2024, and
in any event within two months after the Filing Deadline. The
Company assumes no obligation to update forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as required by applicable law.
Risk factors can also be found in the Company's continuous
disclosure documents which have been filed on SEDAR+ and can be
accessed at www.sedarplus.com. Because of the risks, uncertainties,
and assumptions contained herein, investors should not place any
undue reliance on forward looking information. The foregoing
statements expressly qualify any forward-looking information
contained herein.
ApartmentLove® | the feeling of
home
SOURCE ApartmentLove Inc.