(TheNewswire)
V A N C O U V ER , B C - TheNewswire - February 21 , 2021 - Cache Exploration Inc. (the “ Company ” or “ C ache ” ), (TSXV:CAY) (OTC:CEXPF) , a nnou n ce s that furtherto its news release dated January 29, 2021 (the “ Default Announcement ”) the Company’s principalregulator, the British Columbia Securities Commission (the“ BCSC ”) granted a management cease trade order (the“ MCTO ”) on January 29, 2021, under National Policy 12-203 Management Cease TradeOrders (“ NP 12-203 ”).
Pursuant to the MCTO, the Chief Executive Officer andthe Chief Financial Officer may not trade in securities of the Companyuntil such time as the Company files its annual audited financialstatements for the year ended September 30, 2020, including therelated management’s discussion and analysis, and relatedcertifications on or before March 29, 2021 (collectively the“ RequiredDocuments ”) and the Executive Director of theBCSC revokes the MCTO. The MCTO does not affect the ability ofshareholders to trade their securities.
The Company’s Board of Directors and managementconfirm that they are working expeditiously to file the RequiredDocuments and confirm that since the Default Announcement:
-
- There have been no material changes to theinformation contained in the Default Announcements that wouldreasonably be expected to be material to an investor;
-
- There have been no failures by the Company to fulfillits stated intentions with respect to satisfying the provisions of thealternative information reporting guidelines under NP 12-203;
-
- There has not been, nor is there anticipated to be,any specified default subsequent to the default which is the subjectof the Default Announcements; and
-
- There have been no material changes in respect of theCompany’s affairs that have not been generally disclosed.
Until the Required Documents have been filed, theCompany intends to continue to satisfy the provisions of thealternative information guidelines specified in NP 12-203 by issuingbi-weekly default status reports in the form of further press releasesfor so long as the Company remains in default of the financialstatement filing requirement.
On b e h a l f o f t h e B oa r d of D i rect o r s,
“ JackBal ”
Chief Executive Officer
Tel.: 1 -604-306-5285
N e it h e r T S X V e n t u r e E xc ha n g e n o r its R e g u l a ti o n S erv i ce s P r o v i d e r ( a s t ha t t er m is d e f i n e d in t h e p o li c i e s o f t h e T S X V e n t u r e E xc ha n g e ) a cce p ts res p o n s i b i lity f o r t h e ad e q u a c y o r a cc u r a c y o f t h is re l e a se .
Copyright (c) 2021 TheNewswire - All rights reserved.