|Bid||0.0250 x 0|
|Ask||0.0350 x 0|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Company has worked closely with its auditor to overcome delays as a result of complexities caused by COVID-19 in Nigeria, Mauritius and Canada, and is now current on its continuous disclosure. On June 11, 2020, the Company announced that it would likely miss the filing deadline of June 15, 2020 to file its Annual Financial Statements, related MD&A and the related officer certifications for the financial year ended December 31, 2019 (collectively, the “Annual Filings”). A management cease trade order (“MCTO”) was issued by the British Columbia Securities Commission (the “BCSC”), effective as of June 17, 2020, in connection with the filing delay.
In connection with the Company’s inability to file the Annual Filings on time, the Company has applied for a Management Cease Trade Order (“MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) and is waiting for British Columbia Securities Commission approval. The Company is applying for a MCTO as a result of complexities caused by COVID-19 in Nigeria, Mauritius and Canada, which have impacted the Company’s ability to complete its audit. The Company expects to file the Annual Filings as soon as they are available, but in any event no later than June 26, 2020 and will issue a news release once the Annual Filings have been filed.
The Company is relying on the temporary exemption granted pursuant to Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements with respect to the requirement to file its Q1 2020 Filings as per sections 4.4 and 5.1(2) of National Instrument 51-102 Continuous Disclosure Obligations and section 5.1 of National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings. The Company expects to file its Q1 2020 Filings no later than July 15, 2020. In addition, further to the Company’s news release dated April 17, 2020 the Company wishes to provide updated guidance with respect to the filing of its December 31, 2019 annual audited financial statements.