Aion Therapeutic Inc. (CSE: AION) (” Aion Therapeutic ” or the ” Company “) announces that it anticipates being late in filing its audited annual financial statements (the ” Annual Financial Statements “) and related management discussion and analysis (” MD&A “) for the year ended April 30, 2021 by the prescribed deadline of August 30, 2021 and its interim financial statements (the ” Interim Financial Statements “) and related MD&A for the interim period ended July 31, 2021 by the prescribed deadline of September 29, 2021 .
During the year ended April 30, 2021 , the Company completed the acquisition of 1196691 B .C. Ltd. d/b/a PCAI Pharma. As a result of this acquisition, the Company is delayed in providing its independent auditors with the necessary valuations and impairment testing required to gain reasonable comfort to complete and file the Annual Financial Statements and MD&A.
The Company has made an application with the applicable securities regulators under National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (” NP 12-203 “) requesting that a management cease trade order be imposed in respect of the anticipated late filing rather than an issuer cease trade order. The issuance of a management cease trade order does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities.
The Company anticipates that it will in a position to prepare and file the Annual...
Read Full Story: https://investingnews.com/daily/cannabis-investing/aion-therapeutic-provides-notice-of-default/
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.