Cease Trade Order Issued for TGS Esports Inc.
Cease Trade Order Issued for TGS Esports Inc.
A copy of the Order has been posted on the BCSC's website at: https://www.bcsc.bc.ca/enforcement/early-intervention/cease-trade-orders. VANCOUVER, BC, Nov. 4, 2021 /PRNewswire/ - TGS Esports Inc. ("TGS" or the "Company") (TSXV: TGS) (OTCQB: TGSEF) (FRA: 5RH) announces that the British Columbia Securities Commission (the "BCSC") has issued a Cease Trade Order (the "CTO") as a result of the Company's failure to file its audited financial statements for its year ended June 30, 2021 and related management's discussion and analysis (collectively, the "Annual Filings") by October 28, 2021, being the date that such filings were due under applicable Canadians securities law requirements.
公元前温哥华，2021年11月4日/美通社/-TGS电子竞技公司(“TGS“或”公司“)(多伦多证券交易所股票代码：TGS)(场外交易市场代码：TGSEF)(法兰克福证券交易所股票代码：5RH)宣布，不列颠哥伦比亚省证券委员会(The”The“)BCSC“)已发出停止贸易令(”CTO)由于本公司未能提交其截至2021年6月30日的年度经审计的财务报表，以及相关管理层的讨论和分析(统称为年度提交文件“)由2021年10月28日根据适用的加拿大证券法要求，这是此类申请的截止日期。
The cause of the delay is not material to the Company or its operations and is primarily due to the accounting treatment of the previously announced acquisitions of Pepper Esports, Volcanic Media, Even Matchup Gaming, and strategic investment in Mountain Side Games.
延迟的原因对公司或其运营并不重要，主要是由于之前宣布的对Pepper eSports、火山媒体、甚至Matchup Gaming的收购的会计处理，以及对Mountain Side Games的战略投资。
Revocation of the CTO is expected to occur shortly after the filing of the required Annual Filings, at which time TGS's common shares will resume trading on the TSX Venture Exchange.
CTO的撤销预计将在提交所需的年度申报文件后不久发生，届时TGS的普通股将在多伦多证券交易所创业交易所恢复交易。
A copy of the Order has been posted on the BCSC's website at: https://www.bcsc.bc.ca/enforcement/early-intervention/cease-trade-orders.
该命令的副本已张贴在英国公务员制度委员会的网站上，网址为：https://www.bcsc.bc.ca/enforcement/early-intervention/cease-trade-orders.。
About TGS Esports Inc.
TGS电子竞技公司简介
TGS partners with Fortune 500 brands, schools, and tournament organizers to build out their esports community via tournaments, broadcast production, and events. TGS has commercialized an esports solution that allows brands and gamers to interact on its end to end platform. The combination of TGS esports event expertise and next generation software creates an unparalleled esports experience that allows sponsors and brands to reach their desired gaming demographic.
TGS与财富500强品牌、学校和锦标赛组织者合作，通过锦标赛、广播制作和活动建立他们的体育社区。TGS已经将ESPORTS解决方案商业化，允许品牌和游戏玩家在其端到端平台上互动。TGS ESPORTS赛事专业知识和下一代软件的结合创造了无与伦比的ESPORTS体验，使赞助商和品牌能够接触到他们想要的游戏人群。
On behalf of the Board of Directors
Spiro Khouri, CEO
TGS Esports Inc.
我谨代表董事会斯皮罗·库里(Spiro Khouri)，首席执行官TGS电子竞技公司
Disclaimer for Forward-Looking Information
对前瞻性信息的免责声明
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the anticipated timing for filing the Annual Filings; the anticipated timing of the BCSC's review in with respect to the revocation of the CTO; the anticipated timing of the revocation of the CTO; the unknown magnitude and duration of the effects of the COVID-19 pandemic on the Company and other risks that are customary to reviews of this nature. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
本新闻稿中的某些陈述是前瞻性陈述，反映了管理层对公司的期望。前瞻性陈述由非纯粹的历史性陈述组成，包括任何有关对未来的信念、计划、期望或意图的陈述。这类陈述会受到风险和不确定因素的影响，这些风险和不确定因素可能会导致实际结果、业绩或发展与陈述中包含的内容大不相同，包括与公司无法控制的因素有关的风险。这些风险包括：提交年报的预期时间；英国证监会就撤销首席技术官进行审查的预期时间；撤销首席技术官的预期时间；新冠肺炎疫情对公司影响的未知程度和持续时间；以及此类审查中常见的其他风险。不能保证前瞻性陈述中预期的任何事件都会发生，或者如果发生了，公司将从中获得什么好处。
Neither 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 release.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所创业板政策中定义)均不对本新闻稿的充分性或准确性承担责任。
SOURCE TGS Esports Inc
来源：TGS电子竞技公司
