- The Ontario Securities Commission has accepted Tracesafe’s application for a management cease trade order
- The MCTO does not affect the ability of shareholders to trade in the securities of Tracesafe
- During the MCTO, Tracesafe will issue bi-weekly default status reports until the filing requirements have been met
- Tracesafe expects to file its financial statements and certification by mid-May
- TraceSafe is a full suite of real-time location management services and contact tracing solutions
- TraceSafe Inc. (TSF) is unchanged, trading at C$0.73 per share at 10:30 am ET
The Ontario Securities Commission has accepted Tracesafe’s application for a management cease trade order (MCTO).
The MCTO does not affect the ability of shareholders to trade in the securities of the company. The MCTO does restrict all trading in securities of the company by the Chief Executive Officer and Chief Financial Officer until the required filings have been filed and the MCTO has been lifted.
As previously announced on April 29, 2021, the company applied for the MCTO due to a delay in filing its annual audited financial statements for the year ended December 31, 2020, its related Management’s Discussion and Analysis and Chief Executive Officer and Chief Financial Officer certifications which were due April 30, 2021.
During the MCTO, Tracesafe will comply with the provisions of the alternative information guidelines as set out in the National Policy 12-203 – Management Cease Trade Orders, including issuing bi-weekly default status reports until the filing requirements have been met. The company confirms that there is no material information concerning the affairs of the company that has not been generally disclosed as of the date of this news release.
TraceSafe is a full suite of real-time location management services and contact tracing solutions enabled through advanced low power bluetooth beacons and enterprise cloud management.
TraceSafe Inc. (TSF) is unchanged, trading at C$0.73 per share at 10:30 am ET.
