i3 Interactive Announces Receipt of Management Cease Trade Order
i3 Interactive Announces Receipt of Management Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - June 29, 2022) - i3 Interactive Inc. (CSE: BETS) (the "Corporation") announces that, further to its June 14, 2022, and June 24, 2022, news releases, its application for a temporary management cease trade order (the "MCTO") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") has been approved by the British Columbia Securities Commission (the "BCSC"). The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Corporation.
安大略省多倫多-(Newsfile Corp.-2022年6月29日)-i3 Interactive Inc.(CSE：BETS)(The公司“)宣佈，繼其於2022年6月14日和2022年6月24日發佈的新聞稿後，其申請臨時管理停止貿易令(TheMCTO“)根據國家政策12-203--管理層停止交易令(“NP 12-203“)已獲不列顛哥倫比亞省證券委員會批准(“BCSC“)。該條例並不影響非內部人士投資者買賣該公司證券的能力。
The Corporation announced on June 14, 2022, and June 24, 2022 (the "Default Announcements") that it was filing an application seeking a MCTO from the BCSC because it was likely to miss its filing deadline of June 28, 2022 (the "Filing Deadline"), to file its audited financial statements for the 14 months period from January 1, 2020, and ended February 28, 2022 with comparative figures for the 12 months ended December 31, 2020, and the related management's discussion and analysis, related Chief Executive Officer and Chief Financial Officer certificates for this period (collectively, the "Required Filings"), as required under the applicable securities laws.
本公司於2022年6月14日及2022年6月24日宣佈(“默認通知)它正在向BCSC申請MCTO，因為它很可能達不到2022年6月28日的提交截止日期(提交截止日期)，提交截至2022年2月28日止14個月的經審計財務報表、截至2020年12月31日的12個月的比較數字以及相關管理層的討論和分析、相關的首席執行官和首席財務官證書(統稱為要求提交的文件“)，根據適用的證券法的要求。
The inability of the Corporation to file its Required Filings by the Filing Deadline is due to a combination of factors including (i) the Financial Year Change, (ii) change of auditors, (iii) the hiring and onboarding of a new auditor, (iv) delays in audit of the new auditor as it needed to undergo additional procedures, (v) delays in obtaining financial information relating to the Corporation's assets in India and valuation of such assets. The Corporation continues to work closely with its auditor and expects to file the Required Filings by August 29, 2022.
本公司未能於提交截止日期前提交其所需的文件是由於多項因素所致，包括(I)財政年度變動、(Ii)更換核數師、(Iii)聘用及入職新核數師、(Iv)因需要進行額外程序而延遲審核新核數師、(V)延遲獲取有關本公司在印度資產的財務資料及該等資產的估值。該公司繼續與其審計師密切合作，預計在2022年8月29日之前提交所需的文件。
The MCTO restricts trading in securities of the Corporation by management and certain other insiders of the Corporation until such time as the Required Filings have been filed by the Corporation and the MCTO is no longer in effect. The MCTO does not affect the ability of shareholders who are not insiders of the Corporation to trade their securities.
該條例限制該公司管理層及某些其他內部人士買賣該公司的證券，直至該公司提交所需的文件，而該條例不再有效為止。該條例並不影響非該公司內部人士的股東買賣其證券的能力。
Until the Corporation has filed the Required Filings, members of the Corporation's management and other insiders are subject to an insider trading black-out as per its internal Insider Trading Policy. The Corporation confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on May 3, 2021 of the Corporation's latest audited financial reports for the years ended December 31, 2020 and 2019, and since the filing on November 29, 2021 of the interim financial reports for the nine month periods ended September 30, 2021 and 2020.
根據公司內部內幕交易政策，在公司提交所需文件之前，公司管理層成員和其他內部人士將受到內幕交易管制的約束。本公司確認，除先前新聞稿及重大變動報告所披露外，自本公司於2021年5月3日提交截至2020年及2019年12月31日止年度的最新經審核財務報告以來，以及自於2021年11月29日提交截至2021年9月30日、2021年及2020年9月30日止九個月期間的中期財務報告以來，並無重大業務發展。
The Corporation is not currently subject to any insolvency proceedings. If the Corporation becomes subject to any insolvency proceedings and provides any information to any of its creditors during the period in which it is in default of filing the Required Filings, the Corporation confirms that it will also file material change reports on SEDAR containing such information as is required.
該公司目前沒有受到任何破產程序的約束。如果公司受到任何破產程序的制約，並在其未能提交所要求的申請期間向其任何債權人提供任何信息，公司確認，它也將提交關於SEDAR的重大變更報告，其中載有所要求的信息。
The Corporation confirms that since the date of the Default Announcements: (i) there has been no material change to the information set out in the Default Announcements that has not been generally disclosed; (ii) the Corporation is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Filings is continuing, each of which will be issued in the form of a press release; (iii) there has not been any other specified default by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no material information concerning the affairs of the Corporation that has not been generally disclosed.
本公司確認，自違約公告之日起：(1)違約公告中所列信息沒有發生重大變化，而這些信息並未普遍披露；(2)本公司感到滿意，並確認只要提交所需文件的延遲仍在繼續，本公司將繼續滿足NP 12-203規定的替代信息指南的規定，併發布每兩週一次的違約狀態報告，每一份報告將以新聞稿形式發佈；(3)本公司沒有根據NP 12-203規定的任何其他違約情況；(4)該公司不受任何破產程序的約束；及。(5)沒有任何有關該公司事務的重要資料未予普遍披露。
For more information, please contact:
如需更多信息，請聯繫：
Troy Grant
Interim Chief Executive Officer and Director
Email: troy@i3company.com
Phone: 902 802-8847
特洛伊·格蘭特
董事臨時首席執行官兼首席執行官
電子郵件：troy@i3panany.com
電話：902 802-8847
Forward-Looking Statements
This news release contains forward-looking statements relating to the expected timing of the filing of the annual audited financial statements and related management's discussion and analysis for the 14 months period from January 1, 2020, and ended February 28, 2022 with comparative figures for the 12 months ended December 31, 2020. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are risks detailed from time to time in the filings made by the Corporation with securities regulations. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Corporation will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
前瞻性陳述
本新聞稿包含前瞻性陳述，涉及從2020年1月1日至2022年2月28日的14個月期間提交年度經審計財務報表的預期時間以及相關管理層的討論和分析，以及截至2020年12月31日的12個月的比較數字。不能保證這些陳述將被證明是準確的，實際結果和未來事件可能與這些陳述中預期的大不相同。可能導致實際結果與公司預期大相徑庭的重要因素是公司不時在提交給證券法規的文件中詳細説明的風險。本新聞稿中包含的前瞻性陳述明確地受到本警示性聲明的限制。本新聞稿中包含的前瞻性陳述是在本新聞稿發佈之日作出的，公司將按照加拿大證券法的明確要求更新或公開修改任何包含的前瞻性陳述。
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