HIVE Blockchain Technologies Ltd (HIVE)

[hobowilly]

HIVE Blockchain Announces Late Filing of Annual Financial Statements
BY Canada NewsWire
— 6:24 PM ET 07/26/2019
ZUG, Switzerland and VANCOUVER, July 26, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. ( HVBTF ) (the "Company" or "HIVE") announces that as a result of delays in the completion of its audit, the Company will be unable to file its financial statements and accompanying management's discussion and analysis for the financial year ended March 31, 2019 (collectively, the "Annual Filings") by July 29, 2019, being the date that such filings are due under applicable Canadian securities law requirements. The late filing is the result of delays in obtaining financial reporting from the Company's wholly owned subsidiaries as the Company has explored potential tax optimization structures, and the time required for the Company and its auditors to review such financial reporting. The Company has applied for, a management cease trade order (the "MCTO") by the British Columbia Securities Commission restricting the Company's chief executive officer and chief financial officer from trading the Company's shares until the Annual Filings are filed.

The Company currently expects to file the Annual Filings on or before August 28, 2019 and will issue a press release announcing completion of such filings at such time. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Order. The guidelines, among other things, require the Company to issue bi-weekly default status reports by way of a news release for as long as the Annual Filings have not been filed.

During the MCTO, the general investing public will continue to be able to trade in the Company's shares.