As previously announced, the Corporation has completed a first and a second tranche for aggregate gross proceeds of
Article content
The Corporation expects to complete the Private Placement early June but in any case no later than
Update to Management Cease
The Corporation is also providing an update to its previously disclosed management cease trade order ('MCTO'), announced on
Article content
As previously disclosed, the Annual Financial Documents were not filed on or before the Filing Deadline due to the delay in the completion of the audit of the Corporation's financial statements before the Filing Deadline. The Corporation is working closely with the auditor to finalize and file the Annual Financial Documents, and now expects the filing date of the Annual Financial Documents (the 'Expected Filing Date') to be no later than
Consequently, the Corporation also announces that its interim financial statements, management's discussion and analysis and related officer certifications for the period ended
Article content
The MCTO will be in effect until the Annual Financial Documents and the Interim Financial Documents are filed.
Until the Annual Financial Documents and the Interim Financial Documents are filed, the Corporation intends to issue bi-weekly default status reports in accordance with National Policy 12-203 - Management Cease
About
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of AM to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'estimates', 'intends', 'anticipates' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. AM does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, except as required by applicable law.
Contact:
Tel: 1-514-360-0576
Web: www.am-resources.com
(C) 2022 Electronic News Publishing, source