UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the
month of April
2020
Commission File
Number: 000-52145
DIGATRADE FINANCIAL CORP
(Translation of
registrant's name into English)
1500
West Georgia Street, Suite 1300
Vancouver,
BC V6G-2Z6
(Address of
principal executive offices)
Indicate by check
mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
[
X ] Form
20-F [ ] Form 40-F
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check
mark whether by furnishing the information contained in this Form,
the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes
[ ]
No [ x ]
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
000-52145
SUBMITTED HEREWITH
DIGATRADE
PROVIDES UPDATE ON COVID-19 MATTERS AND FILING EXTENSION REQUEST OF
ITS ANNUAL FINANCIAL STATEMENTS
Vancouver, British Columbia /
ACCESSWIRE / April 29, 2020 - DIGATRADE FINANCIAL CORP
(OTC.PK: DIGAF), www.DigatradeFinancial.com a
financial technology services company, and its subsidiary Securter
Systems Inc., provides today an
update on COVID-19 matters and an update on the status of the
filing of its annual financial statements and accompanying
management's discussion and analysis, and related CEO and CFO
certifications for the financial year ended December 31,
2019.
The
COVID-19 pandemic is creating unprecedented challenges to the
global economy and stock markets. Digatrade’s Board of Directors
and Management are taking all necessary precautions to ensure the
health of its employees and best manage the short-term challenges
to the business.
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.
As such the Ontario Securities Commission ("OSC") has enacted
Ontario Instrument 51-502 Temporary Exemption from
Certain Corporate Finance Requirements ("OSC 51-502"). Digatrade will be relying on
this extension period due to delays experienced as result of the
COVID-19 pandemic.
In
Canada; Digatrade will be relying on the temporary exemption
pursuant to BCI 51-515 in respect to the following
provisions:
●
the
requirement to file audited financial statements for the year ended
December 31, 2019 (the "Annual Financial Statements") within 120
days of Digatrade’s financial year end as required by section
4.2(b) of NI 51-102;
●
the
requirement to file interim financial statements for the 3-month
period ended March 31, 2020 (the "Interim Financial Statements")
within 60 days of Digatrade’s first quarter as required by section
4.4(b) of NI 51-102
●
the
requirement to file management discussion and analysis (the "Annual
MD&A") for the period covered by the Annual Financial
Statements within 120 days of Digatrade’s financial year end as
required by section 5.1(2) of NI 51-102;
●
the
requirement to file management discussion and analysis (the
"Interim MD&A") for the period covered by the Interim Financial
Statements within 60 days of Digatrade’s first quarter as required
by section 5.1(2) of NI 51-102;
●
the
requirement to file certifications of the Annual Financial
Statements (the "Certificates" and together with the Annual
Financial Statements, the "Annual Filings") pursuant to section 4.1
of National Instrument 52-109.Section 4.2(b) [filing deadline for
annual financial statements] National Instrument 51-102;
and
●
the
requirement to file certifications of the Interim Financial
Statements (the "Certificates" and together with the Interim
Financial Statements, the "Interim Filings") pursuant to section
5.1 of National Instrument 52-109. Section 4.2(b) [filing deadline
for interim financial statements] National Instrument
51-102.
Digatrade is continuing to work diligently and
expeditiously with its auditors to file the Annual Filings and
Interim Filings together on or before June 14, 2020. In the
interim, management and other insiders of Digatrade are subject to
a trading black-out policy as described, in principle, in section 9
of National Policy 11-207, Failure to File Cease Trade
Orders and Revocations in Multiple Jurisdictions. Digatrade confirms that since the filing of its
interim consolidated financial statements for the period ended
September 30, 2019, there have been no material business
developments other than those disclosed through news
releases.
Further
information will be made available as it materializes.
ABOUT DIGATRADE
DIGATRADE
is a Financial Technology “fintech” services company. Digatrade is
developing various payment industry process improvements that are
proprietary. They represent a next generation platform for security
and convenience in a variety of modalities, including online credit
card payment system, globally, through its new subsidiary; Securter
Systems, Inc. Digatrade is targeting numerous fintech service
licensing vehicles, also including blockchain derived applications.
Digatrade Financial Corp. is located in Vancouver, British
Columbia, and publicly listed on the OTC.PK under the trading
symbol DIGAF. DIGAF is a reporting issuer in the Province of
British Columbia, Canada with the British Columbia Securities
Commission "BCSC" and in the United States with the Securities
Exchange Commission "SEC".
ABOUT SECURTER
Securter Systems, Inc. is a subsidiary of
Digatrade Financial Corp. that is developing proprietary,
patent-pending credit card payment platform innovations to increase
the security of online credit card payment processing, globally.
Securter technology reduces immense losses by financial
institutions and merchants that arise from fraudulent credit card
use. Securter technology also protects cardholder privacy by
eliminating the need to distribute credit card details to multiple
commercial 3rd
parties, where such information is
ordinarily stored, becoming vulnerable to theft or manipulation.
Securter technology can and will be integrated into complementary
payment methods and fintech protocols, including cryptocurrency and
other blockchain derivatives to come for independent platforms.
Securter has internal R&D capability and management as well as
external fintech business relationships to support Digatrade’s
overall business mission.
CORPORATE
CONTACT INFORMATION:
Digatrade Financial
Corp
1500
West Georgia Street, 1300
Vancouver, BC V6G
2Z6 Canada
Tel:
+1(604) 200-0071
Fax:
+1(604) 200-0072
www.DigatradeFinancial.com
Investors@Digatrade.com
Forward-Looking Information
This press release contains certain “forward-looking information”.
All statements, other than statements of historical fact, that
address activities, events or development that the Company
believes, expects or anticipates will or may occur in the future
constitute forward-looking information. This forward-looking
information reflects the current expectations or beliefs of the
company based on information currently available to the Company.
Forward-looking information is subject to a number of significant
risks and uncertainties and other factors that may cause the actual
results of the Company to differ materially from those discussed in
the forward-looking information, and even if such actual results
are realized or substantially realized, there can be no assurance
that they will have the expected consequences to, or effects on the
Company. Factors that could cause actual results or events to
differ materially from current expectations include, but are not
limited to, the possibility of unanticipated costs and expenses.
Technology development may be delayed indefinitely until the
Company is able to raise the necessary capital. Any forward-looking
information speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the
company disclaims any intent or obligation to update any
forward-looking information whether as a result of new information,
future events or results or otherwise. Although the Company
believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance
should not be put on such information due to the inherent
uncertainty therein.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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Digatrade
Financial Corp
(Registrant)
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Date:
April 29, 2020
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By:
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/s/
Brad J.
Moynes
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Name:
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Brad J.
Moynes
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Title:
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CEO
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