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VANCOUVER, April 29, 2020 /CNW/ - H-Source Holdings Ltd.
(TSX-V: HSI; OTCQB: HSCHF) (the "Company" or "H-Source") is
providing an update on the status of its annual financial
statements, accompanying management discussion & analysis and
related officer certifications (collectively "Annual Filings") for
the year ended December 31, 2019, as
well as its interim financial statements, accompanying management
discussion & analysis and related officer certifications
(collectively "Interim Filings") for the period ended March 31, 2020.
On March 18, 2020, the Canadian
Securities Administrators announced that they will provide issuers
with a 45-day filing extension for filings required on or before
June 1, 2020 as a result of the
COVID-19 pandemic. As such, the British Columbia Securities
Commission has enacted BC Instrument 51-515 ("BCI 51-515"),
Temporary Exemption from Certain Corporate Finance
Requirements.
The Company will be relying on the temporary exemption pursuant
to section 10 of BCI 51-515 in respect to the following
provisions:
- The requirement to file its Annual Filings as per sections
4.2(b) and 5.1 (2) of National Instrument 51-102 ("NI 51-102") and
section 4.1 of National Instrument 52-109 ("NI 52-109")
- The requirement to file its Interim Filings as per sections
4.4(b) and 5.1(2) and NI 51-102 and section 5.1 of NI 52-109
The Company expects to file its Annual Filings on or about
June 12, 2020 and it expects to file
its Interim Filings on or about July 14,
2020.
Management and insiders of the Company are subject to a trading
black-out policy that reflects the principles in section 9 of the
National Policy 11-207 Failure-to-File Cease Trade Orders and
Revocations in Multiple Jurisdictions.
The Company confirms that there have been no material
developments, other than those disclosed through news releases,
since the filing of its interim financial statements for the period
ended September 30, 2019.
On behalf of the board of directors of H-Source Holdings
Ltd.
"John
Kupice"
John Kupice
CEO and Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements. These statements are based on
current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because
of factors discussed in the management discussion and analysis
section of our interim and most recent annual financial statement
or other reports and filings with the TSX Venture Exchange and
applicable Canadian securities regulations. We do not assume
any obligation to update any forward-looking statements, except as
required by applicable laws.
SOURCE H-Source Holdings Ltd.