LAS VEGAS, NV / ACCESS CABLE / August 1, 2022 / Australis Capital Inc. (CSE:AUSA) (OTCQB:AUSAF) (“AUSA”) (“BOLD” or the “Company“), announces that the presentation of its audited annual financial statements for the year ended March 31, 2022, including the annual information form and the certifications of the chief executive officer and the chief financial officer (collectively, the “Annual financial presentations“) will not be filed before the required filing deadline of July 29, 2022 (the “Submission Deadline“). The delay was due to the additional time required to account for acquisitions and startups from March 2021 onwards.
The Company Team is working diligently with its auditors and the Company anticipates that it will be in a position to file the Annual Financial Statements and certifications by August 31, 2022.
Pursuant to National Policy 12-203, Management Cease Trading Orders, the Company voluntarily requested and received from the appropriate securities regulatory authorities a Management Cease Trading Order (“MCTO”) relating to the Company’s securities. Company. The MCTO applies to the Chief Executive Officer and the Chief Financial Officer of the Company for trading securities of the Company. The MCTO will be in effect until the annual financial statements are filed. All other security holders will still be able to deal in the Company’s securities in accordance with applicable securities laws.
Apart from the fact that the Officers will not be able to trade during this period, everything will continue as usual at AUSA.
Until the Annual Financial Reports are filed and the MCTO is revoked, the Company intends to continue to satisfy the provisions of the alternative reporting guidelines specified in NP 12-203 by issuing status reports in the form of additional press releases. biweekly.
AUDACIOUS is a next-generation MSO growing tomorrow’s cannabis industry from the ground up, led by industry pioneer Terry Booth and an accomplished management team with proven industry track records. With operations ranging from providing industry-leading sustainable growing design and optimization to retail window displays, growing flowers in-house, and manufacturing award-winning brands, AUDACIOUS has products and solutions for everyone. Rapidly expanding through innovative partnerships and collaborations, AUDACIOUS is building tomorrow’s inclusive cannabis community, today. More about AUDAZ here.
AUDACIOUS common shares trade on the CSE under the symbol “AUSA” and on the OTCQB under the symbol “AUSAF”.
Terry Booth, CEO
For more information contact:
Neither the Canadian Stock Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. All statements in this press release, other than statements of historical fact, including statements about future estimates, plans, objectives, timeframes, assumptions or expectations of future performance, are forward-looking statements and contain forward-looking information. In general, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “should” or “occur”. Forward-looking statements are based on certain material assumptions and analyzes made by the Company and the opinions and estimates of management as of the date of this press release. These forward-looking statements are subject to change. Known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Company management has attempted to identify important factors that could cause actual results to differ materially. materially from the contents of forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or anticipated. . There can be no guarantee that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company makes no commitment to update any forward-looking statement, forward-looking information or financial outlook incorporated by reference herein, except as required by applicable securities laws.
FONT: Australis Capital, Inc.