TORONTO, April 23, 2020 /CNW/ - SPOT COFFEE
(CANADA) LTD. (TSX-V: SPP) ("SPoT"
or the "Company") announces that pursuant to the blanket relief
granted by the Canadian Securities Administrators it will not file
its annual financial statements for the year ended December 31, 2019, and the related management's
discussion and analysis, as required by Parts 4 and 5 of National
Instrument 51-102 – Continuous Disclosure Obligations
(collectively, the "Annual Filings") prior to the filing deadline
of April 29, 2020.
The Company expects to report its Annual Filings results on or
about June 12, 2020, and is afforded
a postponement of up to a maximum 45-day extension pursuant to
blanket relief for all market participants granted by the Canadian
Securities Administrators.
Other than as disclosed in the Company's press releases, there
have not been any material business developments since the date
that the last financial statements of the Company were filed.
The Company confirms that its management and other insiders are
subject to an insider trading black-out policy that reflects the
principles in section 9 of National Policy 11-207
–Failure-to-File Cease Trade Orders and Revocations in Multiple
Jurisdictions, such that they are in a black-out period until
the commencement of the second trading day after the Annual Filings
have been disclosed by way of a news release.
About Spot Coffee
Spot Coffee has been designing, building and operating
company-owned and franchise community cafés in the
northeastern United States for
over 25 years. Spot's cafés provide their customers with the
highest quality service, signature made-to-order meals and
award-winning micro-roasted coffee. Each Spot café is distinctively
designed to suit the local neighbourhood. creating a warm and
friendly gathering place for the community. Spot's commercial
business focuses on the sale of roasted coffee beans to food
service and grocery chains, business offices, and resellers such as
universities and hospitals.
We seek Safe Harbor.
Forward Looking Statements
Except for statements of historical fact relating to the
Company, certain information contained herein constitutes
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
SOURCE Spot Coffee (Canada)
Ltd.