Cordy Oilfield Services Inc. announces that due to the continuing logistics and delays caused by the COVID-19 virus, it will also rely on the exemption provided in Alberta Instrument 51-517 – Temporary Exemption from Certain Corporate Finance Requirements (the “Alberta Instrument”) of the Alberta Securities Commission (and similar exemptions provided by the securities commissions in British Columbia and Saskatchewan), to postpone the filing of the following continuous disclosure documents (collectively, the “Interim Documents”):
- the Company’s unaudited financial statements for the interim period ended March 31, 2020, as required by section 4.4 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”); and
- the Company’s Management’s discussion and analysis for the interim period ended March 31, 2020, as required by section 5.1(2) of NI 51-102.
The Company expects to file the Interim Documents no later than July 14, 2020.
Until the Company has filed the required Interim Documents, members of the Company’s management and other insiders are subject to an insider trading black-out period reflecting the principles contained in section 9 of National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions.
The Company confirms that, other than as set out herein, there have been no material undisclosed business developments since the issuance, on April 16, 2020, of the Company’s news release regarding the release of its 2019 annual results.
The Company also announces that it has commenced legal proceedings in the Court of Queen’s Bench of Alberta against a former employee for, among other matters, breach of his non-competition and non-solicitation agreement with the Company.
Additional information regarding Cordy is available on our website www.cordy.ca or on SEDAR at www.sedar.com.
| For further information, please contact:
Darrick Evong IR@cordy.ca |
Contact Information:
Darrick Evong
Chief Executive Officer
IR@cordy.ca
Phone: (403) 262-7667
Tags:
, Wire, Disclosure Newswire, United States, English
Contact Information:
Darrick Evong
Chief Executive Officer
IR@cordy.ca
Phone: (403) 262-7667
