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NTG Clarity Networks Inc. Announces Reliance on Exemption to Extend Filing Date of Financial Statements

image2020-04-28

Toronto, ON / TNW-Accesswire / April 28, 2020 / NTG Clarity Networks Inc. (TSX.V:NCI)(the “Company”), a leader in delivering network, IT and infrastructure solutions, today announced that it intends to rely on blanket exemptions issued by provincial securities commissions due to the COVID-19 outbreak that permit the Company to extend the filing deadline of its annual financial statements for the year ended December 31, 2019 and related management’s discussion and analysis (“MD&A”) for a period of up to 45 days. The Company expects to file the annual financial statements and MD&A on or about June 10, 2020.

 

The Company also intends to rely on the exemption to extend the filing date of its interim financial statements and related MD&A for the three months ended March 31, 2020. The Company expects to file the interim financial statements and MD&A on or about July 8, 2020.

 

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. In addition, the Company confirms that there have not been any material business developments since November 28, 2019, the date that the last financial statements of the Company were filed, other than as disclosed in the Company’s previous news releases.

 

Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this press release contains forward-looking information with respect to theanticipated timeline for the filing of continuous disclosure documents and the impact of the COVID-19 pandemic on the Company’s activities. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The material factors and assumptions include the nature and scope of public health restrictions, the availability of regulatory exemptions, the availability of key personnel, general economic conditions, market conditions, access to capital and competitive conditions. The Company cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward- looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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.

 

For further information contact:
 

Kristine Lewis, President

Phone: 905-305-1325

Fax 905-752-0469

Email: KLewis@ntgclarity.com