Aion Therapeutic Inc. (CSE: AION) (“Aion Therapeutic” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”).
On August 31, 2021, the Company announced (the “Default Announcement“) that it had not filed its annual financial statements and management discussion and analysis for the year ended April 30, 2021, together with the related certification of filings under National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the “Continuous Disclosure Documents“) by the prescribed deadline of August 30, 2021.
Except as discussed below, there have been no material changes to the information contained in the Default Announcement or any other changes required to be disclosed under NP 12-203.
The Company anticipates that the Continuous Disclosure Documents will be filed prior to September 29, 2021. The Company will continue to provide bi-weekly updates, as contemplated by NP 12-203, until the Continuous Disclosure Documents have been filed. In the event that the Company does not file the Continuous Disclosure Documents by October 29, 2021 the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the Company. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the...
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