Highbank announces Interim Filings Update
Vancouver, B.C. – May 22, 2020 – Highbank Resources Ltd. (TSX.V –“HBK”), (the “Company”) is providing an update on the status of the filing of its interim financial statements, including the accompanying management’s discussion and analysis, and related CEO and CFO certifications for its interim ended March 31, 2020.
On March 18, 2020, the Canadian Securities Administrators (“CSA”) issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. Accordingly, the British Columbia Securities Commission (“BCSC”) has enacted BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements (“BCI 51-515”).
The Company is relying on the Blanket Exemption Orders in delaying (i) the filing of its interim financial statements and related management discussion and analysis for the three months ended March 31, 2020 (collectively, the “Required Interim Filings”) and (ii) compliance with the delivery requirements of applicable securities laws relating to the Required Interim Filings.
The Company currently intends to make the required Interim Filings by July 14, 2020 (+ 45 days from May 30, 2020)
Management, directors, and insiders of the Company are subject to an insider trading black-out policy until the delayed filings are completed, reflecting the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
The Company confirms that since the filing of its interim financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through news releases and filed under the Company’s SEDAR profile at www.sedar.com