VANCOUVER, BC, Feb. 28,
2023 /CNW/ - Principal Technologies Inc.
(the "Company") (TSXV: PTEC.P), is pleased to announce
that further to its press release dated December 7, 2022, the Company has now filed its
audited annual financial statements for the year ended July 31, 2022, related management's discussion
and analysis, and officer certifications, as required by Parts 4
and 5 of National Instrument 51-102 Continuous Disclosure
Obligations. The Company has also filed its unaudited interim
financial statements and related management's discussion and
analysis for the three months ended October
31, 2022.
The Company anticipates that the revocation of the failure to
file financial statement Cease Trade Order will occur within a few
days.
A Corporate Update will also be provided following the
reinstatement of trading.
ON BEHALF OF THE BOARD
Jerry Trent, Chief Executive
Officer
Principal Technologies Inc.
Forward-looking statements:
"This press release contains "forward-looking information"
and "forward-looking statements" within the meaning of applicable
securities laws. This information and statements address future
activities, events, plans, developments and projections. All
statements, other than statements of historical fact, constitute
forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently
identified by words such as "may," "will," "should," "anticipate,"
"plan," "expect," "believe," "estimate," "intend" and similar
terminology, and reflect assumptions, estimates, opinions and
analysis made by management of Principal Technologies Inc. in light
of its experience, current conditions, expectations of future
developments and other factors which it believes to be reasonable
and relevant. Forward-looking information and statements involve
known and unknown risks and uncertainties that may cause Principal
Technologies Inc.'s actual results, performance and achievements to
differ materially from those expressed or implied by the
forward-looking information and statements and accordingly, undue
reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary
include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with
applicable laws and regulations, including environmental laws and
obtaining requisite permits; political, economic and other risks;
as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and
Analysis and in other filings made by us with Canadian securities
regulatory authorities and available at www.sedar.com. Principal
Technologies Inc. disclaims any obligation to update or revise any
forward-looking information or statements except as may be
required."
Neither TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news
release.
SOURCE Principal Technologies Inc.