ATW Provides Default Status Update
29 Juin 2020 - 9:53PM
ATW Tech Inc. (“
ATW” or the
“
Corporation”) announces that further to its news
release dated June 16, 2020, the Corporation’s principal regulator,
the Autorité des marchés financiers (the “
AMF”)
granted a management cease trade order (the
“
MCTO”) on June 16, 2020, under National Policy
12-203 Management Cease Trade Orders (“
NP
12-203”). Pursuant to the MCTO, Carlos Bedran, Michel Guay
and Louis Lessard may not trade in securities of the Corporation
until such time as the Corporation files its annual audited
financial statements, annual management’s discussion and analysis
and related certifications for the year ended December 31, 2019
(collectively the “
Required Documents”), and the
AMF revokes the MCTO. The MCTO does not affect the ability of other
shareholders to trade their securities.
The Corporation’s Board of Directors and
management confirm that they are working expeditiously to file the
Required Documents and expect to do so on or prior to July 15, 2020
and confirm that since the Corporation’s news release dated June
16, 2020, there is no other material information respecting the
Corporation’s affairs that has not been generally disclosed.
Until the Required Disclosure has been filed,
the Corporation intends to continue to satisfy the provisions of
the alternative information guidelines specified in NP 12-203 by
issuing bi-weekly default status reports in the form of further
press releases for so long as the Corporation remains in default of
the periodic disclosure filing requirements. In the event that the
Corporation does not file the Required Disclosure, the Canadian
Securities Regulatory Authorities may impose an issuer cease trade
order on the outstanding securities of the Corporation.
Additional information regarding ATW is
available on SEDAR www.sedar.com. The TSX Venture Exchange and its
Regulatory Services provider (as per meaning assigned to this term
in TSX Venture Exchange’s policies) bear no liability as to the
relevance or accuracy of this press release.
ABOUT ATW
ATW Tech (TSX-V: ATW) is a leader in financial
technologies (‘fintech’), owner of several web platforms including
VoxTel and Option.vote. VoxTel offers various interactive
communication, landline and mobile carrier billing phone solutions.
Option.vote offers a large scale, customizable, and secure
multi-method voting system for unions, political parties,
professional associations, and others looking for a way to reduce
their voting costs and to improve their participation rates.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information, please contact:
ATW Tech Inc.Michel GuayFounder, president and
CEOTel.: 844.298.5932 ext. 301mguay@atwtech.comwww.atwtech.com
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