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Organto Granted Management Cease Trade Order

Organto Granted Management Cease Trade Order

Organto 批准了管理層停止交易令
Accesswire ·  05/01 16:30

VANCOUVER, BC and BREDA, NETHERLANDS / ACCESSWIRE / May 1, 2024 / Organto Foods Inc. (TSX-V:OGO)(OTCQB:OGOFF) ("Organto" or the "Company"), a leading provider of organic and non-GMO fruit and vegetable products today announces that further to its April 16, 2024 news release (the "Announcement"), its principal regulator, the British Columbia Securities Commission, has accepted the Company's application for, and has granted, a management cease trade order (the "MCTO"). As previously announced, the Company applied for the MCTO in order to secure additional time to finalize its annual financial statements and management's discussion and analysis for the fiscal year ended December 31, 2023 and the applicable CEO and CFO certifications (collectively, the "Annual Filings"), which were due on April 29, 2024. The delay in filing the Annual Filings is a result of unexpected delays experienced by the Company due to personnel changes in late December 2023.

不列顛哥倫比亞省溫哥華和荷蘭佈雷達/ACCESSWIRE /2024年5月1日/領先的有機和非轉基因水果和蔬菜產品供應商Organto Foods Inc.(TSX-V: OGOF)(“OTCQB: OGOFF”)(“OGANTO” 或 “公司”)今天宣佈,繼其2024年4月16日的新聞稿(“公告”)之後,其主要監管機構不列顛哥倫比亞省證券委員會已接受公司申請並已批准管理停止交易令(“MCTO”)。正如先前宣佈的那樣,公司申請MCTO是爲了確保有更多時間來完成截至2023年12月31日的財年的年度財務報表和管理層的討論和分析,以及適用的首席執行官和首席財務官認證(統稱爲 “年度申報”),該認證將於2024年4月29日到期。延遲提交年度申報是公司因2023年12月下旬的人事變動而出現意外延遲的結果。

During the MCTO, investors will continue to be able to trade in common shares in the capital of the Company. However, the MCTO restricts the Company's Co-Chief Executive Officers and Chief Financial Officer from all trading in securities of the Company until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.

在MCTO期間,投資者將繼續能夠交易公司資本中的普通股。但是,在公司提交年度申報並且解除MCTO之前,MCTO限制公司的聯席首席執行官和首席財務官進行公司的所有證券交易。MCTO不影響公司其他股東交易公司證券的能力。

The Company is working with its accounting team to prepare the Financial Statements and respond to all queries. It is the Company's reasonable expectation that the Annual Filings will be finalized on or before June 28, 2024.

該公司正在與其會計團隊合作編制財務報表並回復所有疑問。公司合理地預計,年度申報將在2024年6月28日當天或之前完成。

Until the Annual Filings are filed, the Company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") for as long as it remains in default, including the issuance of bi-weekly default status reports in the form of a news release.

在提交年度申報之前,公司打算在國家政策12-203——管理層停止交易令(“NP 12-203”)中規定的替代信息指導方針的規定一直持續違約,包括以新聞稿的形式發佈每兩週一次的違約狀態報告。

The Company confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) there has not been any other specified default by the Company under NP 12-203; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

公司確認,自公告發布之日起:(i)公告中列出的未予公開的信息沒有發生任何重大變化;(ii)根據NP 12-203的規定,公司沒有發生任何其他特定的違約行爲;(iii)公司不受任何破產程序的約束;(iv)沒有任何未被普遍披露的有關公司事務的重大信息。

ON BEHALF OF THE COMPANY

代表公司

Steve Bromley
Chair and Co-CEO

史蒂夫·布羅姆利
主席兼聯席首席執行官

For more information contact:

欲了解更多信息,請聯繫:

Investor Relations
John Rathwell, Senior Vice President, Investor Relations & Corporate Development
647 629 0018
info@organto.com

投資者關係
John Rathwell,投資者關係與企業發展高級副總裁
647 629 0018
info@organto.com

ABOUT ORGANTO

關於 ORGANTO

Organto is an integrated provider of branded, private label, and distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people, and its shareholders.

Organto是品牌、自有品牌和分銷的有機和非轉基因水果和蔬菜產品的綜合提供商,使用戰略性輕資產商業模式,爲全球日益增長的具有社會責任感和健康意識的消費者提供服務。Organto的商業模式植根於其對以環境責任爲重點的可持續商業實踐的承諾以及對其運營所在社區、員工和股東的承諾。

FORWARD LOOKING STATEMENTS

前瞻性陳述

This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements respecting the Company's reasonable expectation that the Annual Filings will be finalized on or before June 28, 2024. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto's business model will be implemented and product supply will be increased; cost increases; dependence on suppliers, partners, and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws, and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors, and partners. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.

本新聞稿可能包括法律定義的某些前瞻性信息和陳述,包括但不限於加拿大證券法和1995年美國私人證券訴訟改革法案的 “安全港” 條款(“前瞻性陳述”)。特別是,但不限於,本新聞稿包含前瞻性陳述,尊重公司對年度申報將在2024年6月28日當天或之前完成的合理預期。前瞻性陳述基於許多可能被證明不正確的假設,包括但不限於對以下方面的假設:實施Organto商業模式和增加產品供應的能力和時限;成本增加;對供應商、合作伙伴和合同對手的依賴;Organto業務或前景的變化;不可預見的情況;與有機農產品業務相關的總體風險,包括惡劣的天氣、不利的增長條件、低水平作物產量、作物質量變化、腐敗、進出口法律及類似風險;運輸成本和風險;一般商業和經濟狀況;以及與分銷商、客戶、員工、供應商、顧問、承包商和合作夥伴的持續關係。上述清單並不詳盡,除非法律要求,否則Organto沒有義務更新上述任何內容。

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

SOURCE: Organto Foods Inc.

來源:Organto Foods Inc.


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