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  • NetCents Technology Inc. (NC) has provided an update with respect to the previously announced management cease trade order (MCTO)
  • The MTCO was issued by the British Columbia Securities Commission in early March
  • The MCTO as issued in connection with the delay in filing its annual financial statements and other related year-end statements before the March 1 deadline
  • NetCents received an extension due to delays with the auditor’s review of certain additional internal control procedures implemented by NetCents
  • NetCents confirms there is no other material information regarding the affairs of the company that has not been generally disclosed
  • NetCents is down 5.06 per cent, trading at C$0.75 per share at 3:45 pm ET

NetCents Technology Inc. (NC) has provided an update with respect to the previously announced management cease trade order (MCTO).

The MTCO was issued by the British Columbia Securities Commission on March 2, 2021.

The MCTO as issued in connection with the delay by the company in filing its annual financial statements, management’s discussion and analysis and related officer certifications for the financial year ended October 31, 2020 before the prescribed deadline of March 1, 2021.

NetCents requested and received an extension due to delays with the company’s auditor’s review of certain additional internal control procedures that have been implemented by the company.

The MCTO issued by the British Columbia Securities Commission has been granted until April 30, 2021.

NetCents  intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the company remains in default.

NetCents confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued on March 2, 2021, and there is no other material information concerning the affairs of the company that has not been generally disclosed.

NetCents Technology Inc is a transactional hub for all cryptocurrency payments. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

NetCents is down 5.06 per cent, trading at C$0.75 per share at 3:45 pm ET.

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