Advantagewon Oil Corp.: Default Announcement
Advantagewon Oil Corp.: Default Announcement
Toronto, Ontario--(Newsfile Corp. - April 21, 2023) - Advantagewon Oil Corp. (CSE: AOC) (the "Corporation") provides this default announcement indicating the Corporation's anticipated failure to file its annual financial statements for the year ended December 31, 2022, related management discussion and analysis and certifications (collectively, the "Financial Statements") before the prescribed filing deadlines.
安大略省多倫多--（Newsfile Corp. ——2023 年 4 月 21 日）——Advantewon Oil Corp.（CSE: AOC）（t公司“）提供此默認公告，表明公司預計將未能提交截至2022年12月31日止年度的年度財務報表、相關的管理討論和分析以及認證（統稱爲”財務報表“）在規定的提交截止日期之前。
The Corporation is unable to file its Financial Statements before the required date due to its difficulty in raising capital to pay the auditors, which was caused by challenging market conditions. The grant of a Management CTO (as defined herein) will enable the Corporation to secure financing and address this issue.
由於市場條件艱難，該公司難以籌集資金支付審計員的工資，因此無法在規定日期之前提交財務報表。管理層首席技術官（定義見此處）的授予將使公司能夠獲得融資並解決這個問題。
Considering the foregoing factors, it is the Corporation's submission that the present circumstances warrant the imposition of a management cease trade order ("Management CTO"), rather than a cease trade order ("CTO"), as contemplated under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). The Corporation has applied for a Management CTO, however, there is no assurance that it will be granted.
考慮到上述因素，該公司認爲，在目前情況下，有必要下達管理停止交易令（”管理首席技術官“），而不是停止交易令（”CTO“），正如國家政策12-203所設想的那樣- 管理層停止交易令 (”NP 12-203“)。該公司已申請管理層首席技術官，但無法保證會獲得批准。
The Corporation's Financial Statements are required to be filed within 60 days of the prescribed deadline which is July 3, 2023 ("Extended Deadline"). The Corporation's failure to file such within this period may result in the securities commissions or regulators imposing an Issuer Cease Trade Order.
公司的財務報表必須在規定的截止日期（2023 年 7 月 3 日）的 60 天內提交（”延長截止日期“)。公司未能在此期限內提交此類文件可能會導致證券委員會或監管機構發佈發行人停止交易令。
The Corporation has confirmed that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 for so long as it remains in default for failure to file the Financial Statements.
該公司已確認，只要它因未提交財務報表而仍處於違約狀態，它就打算遵守NP 12-203中描述的替代信息準則的規定。
The Corporation proposes to remedy the default by diligently working to secure financing and liaise with its auditor to ensure the filing of its Financial Statements by the prescribed timeline herein.
公司提議通過努力獲得融資來糾正違約行爲，並與審計師聯絡，確保在規定的時間表之前提交財務報表。
Further, the Corporation confirms that it intends to satisfy the requirements to provide Default Status Reports as prescribed by NP 12-203 so long as it remains in default of its requirements to file its Financial Statements within the prescribed period of time. Should the Corporation fail to file the appropriate Default Status Reports as prescribed by NP 12-203, the securities commissions or regulators may, as a result of such failure, impose an Issuer Cease Trade Order.
此外，公司確認，只要它仍未遵守在規定期限內提交財務報表的要求，它就打算滿足NP 12-203規定的提供違約狀況報告的要求。如果公司未能按照NP 12-203的規定提交適當的違約狀態報告，則證券委員會或監管機構可能會因此而下達發行人停止交易令。
The Corporation confirms that it is not subject to any insolvency proceeding as of the date hereof. The Corporation also confirms that there is no other material information concerning the affairs of the Corporation that have not been generally disclosed as of the date herein.
公司確認，截至本協議發佈之日，它不受任何破產程序的約束。公司還證實，截至本文發佈之日，沒有其他一般未披露的有關公司事務的重大信息。
For more information, please contact:
欲瞭解更多信息，請聯繫：
Paul Haber
Interim Chief Executive Officer and Director
Email: paul.haber@aoc-oil.com
Phone: 416 318-6501
保羅·哈伯
臨時首席執行官兼董事
電子郵件：paul.haber@aoc-oil.com
電話：416 318-6501
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