Binovi Provides Further Update to Its Filing of Annual and First Quarter Financial Statements
TORONTO and NEW YORK / ACCESSWIRE / July 28, 2020 / Binovi Technologies Corp., (Binovi) (OTCQB:BNVIF)(TSXV:VISN ), a leader in neuro-vision performance technology announces that further to its news release dated June 29, 2020 the Company is continuing to rely on temporary blanket relief granted by Canadian securities regulators, allowing reporting issuers to extend certain continuous disclosure filing deadlines by 45 days. Binovi reconfirms the delay in the filing of its audited annual financial statements and management’s discussion and analysis (collectively the “Annual Statements”) for the year ended February 29, 2020 due to logistics and delays caused by the COVID-19 pandemic. The Company expects to file its Annual Statements on or before August 13, 2020.
The Company also announces it will rely on the temporary blanket relief for the filing of its interim financial statements and accompanying management’s discussion and analysis (collectively the “First Quarter Statements”) for the first quarter ended May 31, 2020 due to logistics and delays caused by the COVID-19 pandemic. Binovi expects to file the First Quarter Statements on or before September 14, 2020.
Until such time as the Annual Statements and First Quarter Statements are filed, the Company’s management and insiders are subject to a trading blackout that reflects the principals contained in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
Other than as previously disclosed by the Company in news releases, including the information herein, there are no other material business developments since June 29, 2020, the date of the Company’s news release announcing the delay in filing of the Annual Statements.