Orosur Mining Inc Filing Extension Of Annual Audited Results (4924X)
August 28 2020 - 7:47AM
UK Regulatory
TIDMOMI
RNS Number : 4924X
Orosur Mining Inc
28 August 2020
Orosur Mining Inc. - Announces Filing Extension Of Annual
Audited Financial Results Due To COVID-19
August 28, 2020 Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM: OMI)
On May 19, 2020, the Canadian Securities Administrators (CSA)
announced that they would provide issuers with a 45-day filing
extension for filings required from June 2 to August 31, 2020, to
allow issuers the time needed to focus on the many other business
and financial reporting implications of the COVID-19 pandemic.
The Company will rely on this extension with respect to its
Annual Filings, including its Annual Audited Financial Statements,
Management's Discussion and Analysis ("MD&A"), Annual
Information Form ("AIF"), and related CEO and CFO certifications
for the period ended May 31, 2020, in accordance with BC Instrument
51-517 -Temporary Exemption from Certain Corporate Finance
Requirements with Deadlines during the Period from June 2 to August
31, 2020 (and similar exemptions provided by the securities
commissions of other provincial regulators), and the Company
discloses the following:
Ø The Company's management and other insiders will be subject to
a trading black-out that reflects the principles in Section 9 of
National Policy 11-207 - Failure-to-File Cease Trade Orders until
the Annual Filings are filed;
Ø The Company is continuing to work diligently and expeditiously
to file the Annual Filings and currently expects them to be filed
on or prior to the extended filing deadline of October 15, 2020;
and
Ø The Company confirms there have been no undisclosed material
business developments since filing of its third quarter Financial
Statements and MD&A in April 2020 , except as otherwise
disclosed in this press release or previous press releases since
that date .
F or further information, please contact:
Orosur Mining Inc
Louis Castro, Chairman,
Brad George, CEO
info@orosur.ca
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad & Joint Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service, this inside
information is now considered to be in the public domain .
About Orosur Mining Inc.
Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals
developer and explorer focused on identifying and advancing gold
projects in South America. The Company operates in Colombia and
Uruguay.
Forward Looking Statements
All statements, other than statements of historical fact,
contained in this news release constitute "forward looking
statements" within the meaning of applicable securities laws,
including but not limited to the "safe harbour" provisions of the
United States Private Securities Litigation Reform Act of 1995 and
are based on expectations estimates and projections as of the date
of this news release.
Forward-looking statements include, without limitation, the
exploration plans in Colombia and the funding from Newmont of those
plans, Newmont's decision to continue with the Exploration and
Option agreement, the ability for Loryser to continue and finalize
with the remediation in Uruguay, the ability to implement the
Creditors' Agreement successfully as well as continuation of the
business of the Company as a going concern and other events or
conditions that may occur in the future. The Company's continuance
as a going concern is dependent upon its ability to obtain adequate
financing, to reach profitable levels of operations and to reach a
satisfactory implementation of the Creditor's Agreement in Uruguay.
These material uncertainties may cast significant doubt upon the
Company's ability to realize its assets and discharge its
liabilities in the normal course of business and accordingly the
appropriateness of the use of accounting principles applicable to a
going concern. There can be no assurance that such statements will
prove to be accurate. Actual results and future events could differ
materially from those anticipated in such forward looking
statements. Such statements are subject to significant risks and
uncertainties including, but not limited, those as described in
Section "Risks Factors" of the MDA and the Annual Information Form.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events and such forward-looking statements,
except to the extent required by applicable law.
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END
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