TORONTO, May 9, 2022
/CNW/ - Mimi's Rock Corp. (the "Company")
(TSXV: MIMI) (OTCQB: MIMNF) continues to work diligently to
complete the filing of its annual audited financial statements for
the year ended December 31, 2021 and
its related management's discussion and analysis, and officer
certifications (collectively, the "Required Filings") which
were due to be filed on May 2, 2022
(the "Filing Deadline").
The Company confirms that the Ontario Securities Commission (the
"OSC") has issued a failure to file cease trade order
against the Company ("CTO") which orders that general
trading, whether direct or indirect, of the securities of the
Company cease. A copy of the CTO has been posted to the OSC
website.
Despite the CTO, a beneficial holder of a security of the
Company who is not, and was not as of the date of the CTO, an
insider or control person of the Company may sell securities of the
Company acquired before the date of the CTO if: (a) the sale is
made through a "foreign organized regulated market", as defined in
section 1.1 of the Universal Market Integrity Rules of the
Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an
investment dealer registered in a jurisdiction of Canada in accordance with applicable
securities legislation. Holders of the Company's securities are
urged to consult with their own investment advisors or legal
counsel about the implications of the CTO.
The Company does not expect an interruption of the operations of
the Company during the CTO.
The Company anticipates that it will complete the Required
Filings on or before May 27, 2022.
Revocation of the CTO is expected to occur within a few days after
the Required Filings are made. However, there is no assurance that
the Company will be able to remedy its filing default and have the
CTO lifted in a timely manner or at all.
About Mimi's Rock Corp.:
Mimi's Rock Corp. (www.mimisrock.com) is an online dietary
supplement and wellness company which markets and sells its
products under the Dr. Tobias, All Natural Advice and Maritime
Naturals brand names. The Dr. Tobias brand features over 30
products, including the top-selling Colon
14-Day Cleanse and the #1 selling Omega 3 Fish Oil on
Amazon.com. All Natural Advice and Maritime Naturals products focus
on skin and beauty care. Products sold under the All Natural and
Maritime Naturals brand names are made in Canada and registered with Health Canada and
under the EU Cosmetics Act. All Natural Advice has been featured on
BNN as a top selling skincare brand in Canada, and has been rated the #1 Beauty Brand
on Amazon Canada for the past four years.
Forward-Looking
Statements
This news release contains certain "forward-looking
statements" or "forward-looking information" (collectively "forward
looking statements") within the meaning of applicable Canadian
securities laws. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Forward-looking statements can frequently be identified by
words such as "plans", "continues", "expects", "projects",
"intends", "believes", "anticipates", "estimates", "may", "will",
"potential", "proposed" and other similar words, or information
that certain events or conditions "may" or "will" occur.
Forward-looking statements in this news release include statements
regarding the expected timing of filing the Required Filings, and
the expected revocation of the CTO following the filing of the
Required Filings. Such forward-looking statements are based on
assumptions known to management at this time, and are subject to
risks and uncertainties that may cause actual results, performance
or developments to differ materially from those contained in the
forward-looking statements, including that the Required Filings may
not be completed in the time expected, that the CTO will be lifted
in a timely manner and other factors beyond the Company's control.
No assurance can be given that any of the events anticipated by the
forward-looking statements will occur on the terms or in the time
expected, or at all, or, if they do occur, what benefits the
Company will obtain from them. Readers are cautioned not to place
undue reliance on the forward-looking statements in this release,
which are qualified in their entirety by these cautionary
statements. The Company is under no obligation, and expressly
disclaims any intention or obligation, to update or revise any
forward-looking statements in this release, whether as a result of
new information, future events or otherwise, except as expressly
required by applicable securities laws.
Neither the 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 news release.
SOURCE Mimi's Rock Corp.