Advantagewon Oil Corp. Provides Update on Application for Management Cease Trade Order
Advantagewon Oil Corp. Provides Update on Application for Management Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - April 28, 2023) - Advantagewon Oil Corp. (CSE: AOC) (the "Corporation") announces further to its press release of April 21, 2023, that the Ontario Securities Commission (the "OSC") has rejected the Corporation's application for a management cease trade order (the "MCTO") as the Corporation is not viewed as having met all of the criteria for an MCTO.
安大略省多伦多-(Newsfile Corp.-2023年4月28日)-Advantagewon Oil Corp.(CSE：AOC)(The公司“)在2023年4月21日的新闻稿中进一步宣布，安大略省证券委员会(The Ontario Securities Commission)OSC“)已拒绝该公司发出管理停止交易令的申请(”MCTO“)，因为该公司不被视为符合MCTO的所有标准。
The Corporation filed the MCTO application with the OSC due to an anticipated delay in filing its audited annual financial statements and management discussion & analysis for the financial year ended December 31, 2022, and the CEO and CFO certificates, all as required by National Instrument 51-102 - Continuous Disclosure Obligations and National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the "Documents"). The Documents are required to be filed by May 1, 2023 (the "Filing Deadline"). If the Documents are not filed by the Filing Deadline, the Corporation anticipates the imposition by the OSC of a Failure-to-File Cease Trade Order ("FFCTO").
公司向OSC提交了MCTO申请，原因是预计在提交截至2022年12月31日的财政年度的经审计的年度财务报表和管理层讨论与分析以及首席执行官和首席财务官证书方面存在延迟，所有这些都符合国家文书51-102的要求-持续披露义务和国家仪器52-109-发行人在年度和中期申报文件中披露信息的证明(总而言之，“文件)。有关文件须于2023年5月1日前提交(“提交截止日期)。如果文件在提交截止日期前没有提交，本公司预计OSC将实施未能提交的停止贸易令(FFCTO“)。
The default is anticipated due to the Corporation's difficulty in raising capital to pay its auditors because of challenging market conditions.
由于具有挑战性的市场状况，该公司难以筹集资金支付审计师的费用，因此预计会出现违约。
For more information, please contact:
如需更多信息，请联系：
Paul Haber
Interim Chief Executive Officer and Director
Email: paul.haber@aoc-oil.com
Phone: 416 318-6501
保罗·哈伯
董事临时首席执行官兼首席执行官
电子邮件：paul.haber@aoc-oil.com
电话：416318-6501
Forward-Looking Statements
前瞻性陈述
This news release contains forward-looking statements relating to the expected timing of the filing of the annual audited financial statements and related management's discussion and analysis for the year ended December 31, 2022.
本新闻稿包含与提交年度经审计财务报表的预期时间以及相关管理层对截至2022年12月31日的年度的讨论和分析有关的前瞻性陈述。
Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: statements with respect to the issuance and timing of an FFCTO and the anticipated timing for filing the Documents.
一般而言，前瞻性陈述和信息可通过使用诸如“打算”、“预期”或“预期”等前瞻性术语，或此类词语和短语的变体或某些行动、事件或结果“可能”、“可能”、“应该”、“将”或“可能”发生的陈述来确定。这些信息和这些陈述，在本文中被称为“前瞻性陈述”，不是历史事实，是在本新闻稿发布之日作出的，包括但不限于关于未来计划、估计和预测的讨论的陈述，以及关于管理层对以下事项的期望和意图的陈述：关于FFCTO的发布和时间以及提交文件的预期时间的陈述。
These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the failure of the Corporation to receive the required corporate and regulatory approvals, including CSE approval, as well as those risk factors discussed or referred to in the Corporation's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at . In making the forward-looking statements in this news release, the Corporation has applied several material assumptions, including without limitation, assumptions regarding the Corporation receiving the required corporate and regulatory approvals, including CSE approval.
这些前瞻性陈述涉及许多风险和不确定因素，实际结果可能与任何前瞻性陈述中建议的结果大不相同。这些风险和不确定因素包括但不限于与公司未能获得所需的公司和监管批准(包括CSE批准)有关的风险，以及公司提交给加拿大某些省份证券监管机构的披露文件中讨论或提到的风险因素，可在上查阅。在本新闻稿中做出前瞻性陈述时，该公司应用了几个重大假设，包括但不限于关于该公司获得所需的公司和监管批准，包括CSE批准的假设。
Although management of the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date of this news release. The Corporation does not undertake to update any forward-looking statement referred to herein, except in accordance with applicable securities laws.
尽管公司管理层试图确定可能导致实际结果与前瞻性陈述中的结果大不相同的重要因素，但可能还有其他因素导致结果与预期、估计或预期的结果不同。不能保证这些陈述将被证明是准确的，因为实际结果和未来事件可能与这些陈述中预期的大不相同。因此，读者不应过分依赖前瞻性陈述。提醒读者，依赖此类信息可能不适合用于其他目的。任何这样的前瞻性陈述都明确地受到本警告性声明的限制。本新闻稿中包含的前瞻性陈述是在本新闻稿发布之日作出的。除非依照适用的证券法，否则本公司不承诺更新本文提及的任何前瞻性陈述。
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