Conic Provides Update on Timing of Reporting of Q1 2020 Financial Results Due to Delays Caused by COVID-19
May 29 2020 - 5:03PM
Business Wire
Conic Metals Corp. (“Conic” or the “Company”)
(TSXV:NKL) today provided an update on timing of the release
and filing of its financial results for the period ended March 31,
2020.
In response to the ongoing global COVID-19 pandemic, the
Canadian Securities Administrators have recently announced
temporary blanket relief allowing market participants an additional
45 days in which to complete certain regulatory filings required to
be made on or before June 1, 2020 (including financial statements
and management’s discussion and analysis). Accordingly, the Company
intends to rely on this blanket relief for the filing of the
Company’s quarterly financial statements for the period ended March
31, 2020 (and related management’s discussion and analysis thereon)
(collectively, the “Q1 2020 Disclosure Documents”) as a
result of delays caused by the COVID-19 pandemic. The Company,
under this temporary relief, is making every effort to issue and
file the Q1 2020 Disclosure Documents at the earliest opportunity
and currently expects to file them no later than July 14, 2020.
The Company confirms that there have been no material business
developments since filing its Listing Application on November 7,
2019, which is available on SEDAR at www.sedar.com. Until such time
as the Q1 2020 Disclosure Documents are filed, the Company’s
management and other insiders will observe a trading blackout
consistent with the principles contained in section 9 of National
Policy 11-207 – Failure to File Cease Orders and Revocations in
Multiple Jurisdictions.
About Conic
Conic Metals Corp. is a base metals company offering direct
exposure to nickel and cobalt, both being critical elements of
electric vehicles and energy storage systems. Conic holds an 8.56%
joint-venture interest in the producing, long-life and world-class
Ramu Nickel-Cobalt Operation located in Papua New Guinea which
provides Conic with significant attributable nickel and cobalt
production. In addition, Conic manages a portfolio of 11 nickel and
cobalt royalties on development and exploration projects in Canada
and Australia. Conic will continue to invest in a battery
metals-focused portfolio of streams, royalties and direct interests
in mineral properties containing battery metals.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain information which constitutes
‘forward-looking statements’ and ‘forward-looking information’
within the meaning of applicable Canadian securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by
terms such as “may”, “should”, “anticipate”, “expect”, “potential”,
“believe”, “intend” or the negative of these terms and similar
expressions. Forward-looking statements in this news release
include, but are not limited to: statements related to the impact
of COVID-19 on the Company; statements with respect to the timing
of the filing of the Q1 2020 Disclosure Documents; and statements
with respect to the business and assets of Conic and its strategy
going forward. Readers are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements involve
known and unknown risks and uncertainties, most of which are beyond
the Company’s control. Should one or more of the risks or
uncertainties underlying these forward-looking statements
materialize, or should assumptions underlying the forward-looking
statements prove incorrect, actual results, performance or
achievements could vary materially from those expressed or implied
by the forward-looking statements.
The forward-looking statements contained herein are made as of
the date of this release and, other than as required by applicable
securities laws, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. The
forward-looking statements contained in this release are expressly
qualified by this cautionary statement.
Neither the 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. No securities regulatory authority has
either approved or disapproved of the contents of this news
release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200529005634/en/
Investors: Justin Cochrane 647.846.7765
info@conicmetals.com
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