Reliq Health Technologies, Inc. Announces Late Filing of Annual Financial Statements and Management Cease Trade Order
October 31 2023 - 6:55PM
Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or
WKN:A2AJTB) (“
Reliq” or the
“
Company”), a rapidly growing global healthcare
technology company that develops innovative Virtual Care solutions
for the multi-billion dollar Healthcare market, today announced
that, as a result of delays to its audit, the Company’s annual
financial statements and accompanying management's discussion and
analysis for the fiscal year ended June 30, 2023 (the “Annual
Filings”) were not finalized by October 30, 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 Company has been delayed in filing its
audited financial statements as it requires more time to complete
certain tasks as a result of the Company’s recent private placement
offering that closed on October 5, 2023.
The Company expects to file the Annual Filings
on or before November 14, 2023, at which time the Company will
issue a news release announcing the completion of the filings.
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.
Reliq HealthReliq Health
Technologies is a rapidly growing global healthcare technology
company that specializes in developing innovative Virtual Care
solutions for the multi-billion dollar Healthcare market. Reliq’s
powerful iUGO Care platform supports care coordination and
community-based virtual healthcare. iUGO Care allows complex
patients to receive high quality care at home, improving health
outcomes, enhancing quality of life for patients and families and
reducing the cost of care delivery. iUGO Care provides real-time
access to remote patient monitoring data, allowing for timely
interventions by the care team to prevent costly hospital
readmissions and ER visits. Reliq Health Technologies trades on the
TSX Venture under the symbol RHT, on the OTC as RQHTF and on the
Frankfurt Stock Exchange under the WKN: A2AJTB.
ON BEHALF OF THE BOARD“Dr. Lisa Crossley”CEO and Director
For further information please contact:
Company ContactInvestor Relations at
ir@reliqhealth.com
US Investor Relations ContactInvestor
RelationsLytham Partners, LLCBen ShamsianNew York |
Phoenix646-829-9701shamsian@lythampartners.com
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 release.
Cautionary Statements Regarding Forward
Looking Information
Certain statements in this press release
constitute forward-looking statements, within the meaning of
applicable securities laws. All statements that are not historical
facts, including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives,
assumptions, expectations or beliefs of future performance, are
"forward-looking statements".
We caution you that such "forward-looking
statements" involve known and unknown risks and uncertainties that
could cause actual and future events to differ materially from
those anticipated in such statements.
Forward-looking statements include, but are not
limited to, statements with respect to commercial operations,
including technology development, anticipated revenues, projected
size of market, and other information that is based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management.
Reliq Health Technologies Inc. (the
"Company") does not intend and does not assume any
obligation, to update these forward-looking statements except as
required by law. These forward-looking statements involve risks and
uncertainties relating to, among other things, technology
development and marketing activities, the Company's historical
experience with technology development, uninsured risks. Actual
results may differ materially from those expressed or implied by
such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
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