Tower One Wireless Corp (TOWTF): TOWER ONE Cease Trade Order Due to Late...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	6
Posts	445
Boards Moderated	0
Alias Born	01/11/2017

Chipaway

Re: None

Wednesday, 05/08/2019 2:29:17 PM

Wednesday, May 08, 2019 2:29:17 PM

TOWER ONE Cease Trade Order Due to Late Financial Statements

8:53 pm ET May 7, 2019 (Globe Newswire) Print
TOWER ONE WIRELESS CORP. (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) ("Tower One" or the "Company") announces that a cease trade order has been issued against the Company by the BC Securities Commission because of the Company's failure to file annual financial statements for the financial year ended December 31, 2018, together with the related MD&A and officer certifications (the "2018 Annual Filings") by April 30, 2019. As a result, the Company's securities have been halted from trading on the Canadian Securities Exchange.

The late filing of the 2018 Annual Filings is due to delays in receiving the financial results of one its subsidiaries. Tower One expects to correct all associated deficiencies and file its 2018 annual financial statements by no later than May 13, 2019. Revocation of the cease trade order is expected to occur within a couple of days following the filing of the 2018 Annual Filings.