London, United Kingdom and Vancouver, British Columbia--(Newsfile Corp. - May 3, 2022) - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the "Company" or "GlobalBlock") announces that it has been granted a management cease trade order (the "MCTO") by the British Columbia Securities Commission (the "BCSC") as requested by the Company. As previously announced on April 29, 2022, the application for the MCTO was made due to a delay in the preparation and audit of its annual financial statements, management's discussion and analysis, and related certifications for the fiscal year ended December 31, 2021 (collectively, the "Annual Filings"). As anticipated, the Company was not able to file its Annual Filings by the filing deadline of May 2, 2022, as required under applicable Canadian securities law. Pursuant to the MCTO, the Company now has until June 30, 2022 to file the Annual Filings, though it is expected that these filings will be made by May 13, 2022.
Under the provisions of National Policy 12-203 Management Cease Trade Orders ("NP 12-203"), the MCTO permits the continued trading in the Company's common shares by persons other than the Company's Chief Executive Officer, Chief Financial Officer and such other directors, officers and persons as determined by the applicable regulatory authorities.
The Company confirms that it intends to satisfy the provisions of section 10 of NP 12-203 and issue bi-weekly default status reports for so long...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...