TIDMNFXT 
 
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N E W S R E L E A S E 
 
Looking Glass Labs Announces Late Filing of Annual Financial Statements and 
Management Cease Trade Order 
 
Vancouver, British Columbia - 2 November 2023 / Globe Newswire / - Looking Glass 
Labs Ltd. ("LGL" or the "Company") (NEO: NFTX) (AQSE: NFTX) (OTC: LGSLF) (FRA: 
H1N), a leading Web3 platform specialising in non-fungible token ("NFT") 
architecture, immersive metaverse environments, play-to-earn tokenisation and 
virtual asset royalty streams, announces today that as a result of delays to its 
audit, the Company's annual financial statements, accompanying management's 
discussion and analysis and annual information form for the fiscal year ended 31 
July 2023 (the "Annual Filings") were not finalised by 30 October 2023, being 
the date that such filings are due under applicable Canadian securities law 
requirements. The Company has applied for, and has been granted, a management 
cease trade order (the "MCTO") by the British Columbia Securities Commission. 
 
The reason for the anticipated delay is due to additional procedures required by 
the Company related to the complex nature of its recent acquisition and 
disposition of a subsidiary. There are also additional audit procedures required 
as a result of the nature of the Company's business and its digital asset 
holdings. The auditor has requested more time for partner and consultant review 
as part of those enhanced measures. The Company is working with its auditor WDM 
Chartered Professional Accountants to complete the audit in a timely manner. 
 
The Company expects to file the Annual Filings on or before 29 December 2023 and 
will issue a news release announcing completion of such filings at such time. 
Until the Company files the Annual Filings, it will comply with the alternative 
information guidelines set out in National Policy 12-203 - Management Cease 
Trade Order for issuers who have failed to comply with a specified continuous 
disclosure requirement within the times prescribed by applicable securities 
laws. The guidelines, among other things, require the Company to issue bi-weekly 
default status reports by way of a news release so long as the Annual Filings 
have not been filed. 
 
During the MCTO, the general investing public will continue to be able to trade 
in the Company's listed common shares. However, the Company's chief executive 
office and chief financial officer will not be able to trade in the Company's 
common shares. 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by 
virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in 
accordance with the Company's obligations under Article 17 of MAR. 
 
The Directors of LGL take responsibility for this announcement. 
 
ABOUT LOOKING GLASS LABS 
 
Headquartered in Vancouver, British Columbia, the Company specialises in 
consumer engagement applications to leverage immersive metaverse environments, 
gamification and Web 3.0 / blockchain monetisation strategies. 
 
On behalf of LOOKING GLASS LABS LTD. 
 
"Dorian Banks" 
 
Dorian Banks, Chief Executive Officer 
 
For further information, please contact: 
 
Dorian Banks 
 
Toll-Free: +1 833 LGL-NFTX (833-545-6389) 
 
Email: info@lgl.io 
 
Novum Securities Limited, AQSE Corporate Adviser 
 
David Coffman/ George Duxberry 
 
Tel: +44 (0)207 399 9400 
 
Forward-Looking Information 
 
This press release contains statements that constitute "forward-looking 
information" within the meaning of Canadian securities laws ("forward-looking 
statements"), which are based upon our current expectations, estimates, 
projections, assumptions, and beliefs. All information that is not clearly 
historical in nature may constitute forward-looking statements. Forward-looking 
statements are typically identified by the use of terms such phrases such as 
"anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", 
"predict", "project", "will", "would" and "should", and similar terms and 
phrases, including references to assumptions. 
 
Forward-looking statements, by their nature, are based on assumptions and are 
subject to known and unknown risks and uncertainties, both general and specific, 
that contribute to the possibility that the forward-looking statement will not 
occur. The forward-looking statements in this press release speak only as of the 
date hereof and reflect several material factors, expectations, and assumptions. 
Undue reliance should not be placed on any predictions or forward-looking 
statements as these may be affected by, among other things, changing external 
events and general uncertainties of the business. A discussion of the material 
risks applicable to us can be found in our current Management Discussion and 
Analysis and Annual Information Form, each of which have been or will be filed 
on SEDAR+ and can be accessed at www.sedarplus.ca. Except as required by 
applicable securities laws, forward-looking statements speak only as of the date 
on which they are made and we disclaim any intention and assume no obligation to 
publicly update or revise any forward-looking statement, whether as a result of 
new information, future events or otherwise. Although the Company believes that 
any beliefs, plans, expectations and intentions contained in this news release 
are reasonable, there can be no assurance that any such beliefs, plans, 
expectations or intentions will prove to be accurate. The Company does not 
assume any liability for disclosure relating to any other company mentioned 
herein. 
 
Risks and uncertainties about the Company's business are more fully discussed in 
the Company's disclosure materials, including its reports filed with the 
Canadian securities regulators and which can be obtained from www.sedarplus.com. 
 
SOURCE: LOOKING GLASS LABS LTD. 
 
 
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(END) Dow Jones Newswires

November 02, 2023 03:00 ET (07:00 GMT)