On March 18, 2020 , the Canadian Securities Administrators issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 . This blanket relief, as a result of the COVID19 pandemic, applies to reporting issuers and applies to financial statements, management's discussion and analysis, annual information forms, and certain other ancillary documents normally required to be filed in a timely manner under securities legislation.
As a result of the pandemic impact on internal and regulator resources, Namaste has elected to take advantage of the blanked relief granted pursuant to BC Instrument 51-515 and Ontario Instrument 51-502 in respect of the following:
the requirement to file audited financial statements for the year ended November 31, 2019 (the "Financial Statements") within 120 days of the Company's financial year end as required by section 4.2(b) of National Instrument 51-102 (NI"51-102");
the requirement to file management discussion and analysis (the "MD&A") for the period covered by the Financial Statements within 120 days of the Company's financial year end as required by section 5.1(2) of NI 51-102; and
the requirement to file certifications of the Financial Statements (the "Certificates" and together with the Financial Statements, the "Annual Filings") pursuant to section 4.1 of National Instrument 52-109.
Namaste currently expects to file the Annual Filings by April 30, 2020 .
Management and certain other insiders of Namaste are subject to an insider trading blackout which reflects the principles in Section 9 of National Policy 11-207 for until such time as Namaste has filed its Annual Filings.
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