RABI:CC - Adrabbit Limited Announces Revocation of MCTO
(TheNewswire)
Vancouver, British Columbia - TheNewswire - July 10, 2023 - AdRabbit Limited (TSXV:RABI) (the " Company ") ispleased to announce that it has rectified its continuous disclosuredeficiencies as noted below, and the British Columbia SecuritiesCommission (“ BCSC ”) has revoked the management ceasetrade order (“ MCTO ”) previously issued by the BCSC underNational Policy 12-203 – Management Cease Trade Orders (“ NP 12-203 ”) .
As previously announced, the MCTO was issued by theBCSC at the request of the Company in connection with the late filingof its audited financial statements for its fiscal year ended December31, 2022, its management's discussion and analysis relating theretoand related materials (collectively, the " Annual Required Filings "). As a result of the delay in completing the AnnualRequired Filings, the Company was also late in the filing of itsinterim financial statements, management’s discussion and analysisand related materials for the three-months ended March 31, 2023 (the“ Interim RequiredFilings ”).
The BCSC has revoked the MCTO as both the AnnualRequired Filings and Interim Required Filings were filed by theCompany on June 30, 2023, copies of which are available on theCompany’s SEDAR profile at www.sedar.com.
For further information, pleasecontact:
Noah Hershcoviz, Interim CEO and Director of theCompany
Email: noah@alabs.co
Telephone: (604) 283-6110
NEITHER THE TSX VENTURE EXCHANGE INC.NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THEPOLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY ORACCURACY OF THIS RELEASE.
Caution Regarding Forward-LookingInformation
The information in this news releaseincludes certain information and statements about management's view offuture events, expectations, plans and prospects that constituteforward-looking statements. These statements are based uponassumptions that are subject to significant risks and uncertainties.Although the Company has attempted to identify important factors thatcould cause actual actions, events, conditions, results, performance,or achievements to differ materially from those described inforward-looking statements, there may be other factors that causeactions, events, conditions, results, performance, or achievements todiffer from those anticipated, estimated or intended. There can be noassurance that forward-looking statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such statements. Forward-looking statements areprovided for the purpose of providing information about management'sexpectations and plans relating to the future, as at the date they areprovided. Except as required by law, the Company disclaims anyintention and assumes no obligation to update or revise anyforward-looking statements to reflect actual results, whether as aresult of new information, future events, changes in assumptions,changes in factors affecting such forward-looking statements orotherwise. Accordingly, investors should not place undue reliance onforward-looking statements. All the forward-looking statements areexpressly qualified by the foregoing cautionary statements.
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