TraceSafe Issues First Bi-Weekly Report Regarding Management Cease Trade Order
Vancouver, British Columbia–(Newsfile Corp. – May 14, 2021) – Tracesafe Inc. , (CSE: TSF) (“TraceSafe” or the “Company”) is providing this initial bi-weekly default status report in accordance with National Policy 12-203 – Management Cease Trade Orders (“ NP 12-203 “) to update on the status of the management cease trade order granted on May 3, 2021 (the “ MCTO “) by its principal regulator, the Ontario Securities Commission, under NP 12-203. The Company previously announced on April 29, 2021 (the “ Default Announcement “) that it was unable to file its audited annual financial statements for the year ended December 31, 2020, accompanying management’s discussion and analysis and related certifications (collectively, the “ Documents “) on or before March 31, 2021, as required under applicable securities laws. On May 3, 2021, the Company announced that the MCTO had been granted and advised that it expected to be in a position to file the Documents on or before May 14, 2021 (the “ MCTO Announcement ” and, together with the Default Announcement, the “ Announcements “). The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Company.