TORONTO -Intercontinental Gold (TSXV: 'ICAU') ('Intercontinental Gold' or the 'Company') announces that, further to its press release ofApril 29, 2020 , the Company wishes to provide an update with respect to: (i) the filing its audited annual financial statements for the year endDecember 31, 2019 and the related management discussion and analysis ('MD&A') and (ii) the filing of the interim financial statements and related MD&A with respect to the interim period endedMarch 31, 2020 .
The Company will invoke the
Commission (the 'BCSC') BC Instrument 51-515 ('BCI 51-515') extending deadlines to file financial statements and MD&A's. Pursuant to BCI 51-515, the Company is relying on the relief therein for its audited financial statements, for the year end
The Company estimates that the audited financial statements and the MD&A will be filed no later than
Until the Company has filed and announced the required financial statements and related MD&A's, all management and other insiders are subject to the Company's share trading and black-out policy that reflects the principals in section 9 of National Policy 11-207 Failure-to-File Cease
There have been no material business developments since the date of the interim financial statements for the nine-month period ended
About
Contact:
Tel: (647) 985-2785
Email: info@intercontinentalgold.com
Forward Looking Statements
This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and Intercontinental Gold provides no assurance that actual events will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as 'anticipates', 'believes', 'could', 'estimates', 'expects', 'may', 'shall', 'will', or 'would'. Although Intercontinental Gold believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Commodity trading has inherent risks. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Intercontinental Gold will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on forward-looking information. Intercontinental Gold does not undertake to update any forward-looking information contained herein except in accordance with securities regulation. Actual results or developments may differ materially from those in forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
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