Fortem Resources Inc fka FTMR

[236T568]

FTMR - the bad news continues



https://www.otcmarkets.com/stock/FTMR/news/story?e&id=1448751

Annual Filings

On July 16, 2019, the Alberta Securities Commission (the “Commission”) issued a failure-to-file cease trade order (“FFCTO”) against the Company in connection with the delay in filing its audited annual financial statements for the year ended February 28, 2019, the related management’s discussion and analysis and certificates of its CEO and CFO (collectively, the “Annual Filings”) with Canadian securities regulators beyond the June 2018 and also beyond the extension deadline of July 14, 2019 granted pursuant to the management cease trade order issued by the Commission on July 4, 2019. As a result of the FFCTO, on July 17, 2019 the TSX Venture Exchange (the “Exchange”) suspended trading of the Company’s securities on the Exchange.

The Company continues to work diligently with its legal counsel, accountants and auditor to complete and file the Annual Filings. The Company intends to apply for a revocation of the FFCTO and, following receipt of such revocation, intends to apply to resume the trading of its common shares on the Exchange.