(TheNewswire)
Vancouver, B.C. – TheNewswire - April 17, 2024 – Aether GlobalInnovations Corp. (CSE:AETH) (OTC:AETHF) (Frankfurt:4XA) (WKN#A2N8RH), a leader in drone management and automation, isproviding this update on the status of a management cease trade order(the "MCTO") granted on April 3, 2024 by the BritishColumbia Securities Commission under National Policy 12-203 -Management Cease Trade Order ("NP 12-203").
On April 3, 2024, the Company announced that, forreasons disclosed in the news release, there would be a delay in thefiling of its financial statements, annual information form andmanagement's discussion and analysis for the fiscal year endedNovember 30, 2023 (the "Annual Filings") beyond the periodprescribed under applicable Canadian securities laws (the"Default Announcement"). The Company reports that itanticipates filing the Annual Filings on or before May 30, 2024 andwill provide further updates on the timing of the filing, asnecessary.
During the MCTO, the general investing public willcontinue to be able to trade in the Company's listed common shares.However, the Company's chief executive officer and chief financialofficer will not be able to trade in the Company's shares. Other thanas disclosed in this news release, there are no material changes tothe information contained in the Default Announcement. The Companyconfirms that it intends to satisfy the provisions of NP 12- 203 andwill continue to issue bi-weekly default status reports for so long asit remains in default of the Annual Filings requirement.
About Aether Global InnovationsCorp.:
Aether Global Innovations Corp. is an innovative UAVand drone management and operations services company focusing on threecritical areas for infrastructure and large public and privatefacilities: drone management and surveillance monitoring, automationand integration for flight planning and innovative sensor payloads,and drone base station infrastructure and technology for autonomousself-landing, power charging, and takeoff. Learn more atwww.aethergic.com.
ON BEHALF OF THE BOARD OFDIRECTORS
Philip Lancaster, CEO & President
Aether Global Innovations Corp.
info@aethergic.com
Forward Looking Statements
Certain information set forth in this news release maycontain forward-looking statements that involve substantial known andunknown risks and uncertainties. All statements other than statementsof historical fact are forward-looking statements, including, withoutlimitation, statements regarding future financial position, businessstrategy, use of proceeds, corporate vision, proposed acquisitions,partnerships, joint-ventures and strategic alliances andco-operations, budgets, cost and plans and objectives of or involvingthe Company. Such forward looking information reflects management’scurrent beliefs and is based on information currently available tomanagement. Often, but not always, forward-looking statements can beidentified by the use of words such as “plans”, “expects”,“is expected”, “budget”, “scheduled”, “estimates”,“forecasts”, “predicts”, “intends”, “targets”,“aims”, “anticipates” or “believes” or variations(including negative variations) of such words and phrases or may beidentified by statements to the effect that certain actions “may”,“could”, “should”, “would”, “might” or “will” betaken, occur or be achieved. A number of known and unknown risks,uncertainties and other factors may cause the actual results orperformance to materially differ from any future results orperformance expressed or implied by the forward-looking information.These forward – looking statements are subject to numerous risks anduncertainties, certain of which are beyond the control of the Companyincluding, but not limited to, the impact of general economicconditions, industry conditions and dependence upon regulatoryapprovals. Readers are cautioned that the assumptions used in the preparation of such information, althoughconsidered reasonable at the time of preparation, may prove to beimprecise and, as such, undue reliance should not be placed onforward-looking statements. The Company does not assume any obligationto update or revise its forward-looking statements, whether as aresult of new information, future events, or otherwise, except asrequired by securities laws.
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