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Greenland Resources Inc. announces that the Company will be relying on the temporary 45 day extension to the filing deadline of its interim financial statements and management’s discussion and analysis (“MD&A”) for the three months ended June 30, 2020 granted by the Ontario Securities Commission in response to COVID-19 pursuant to Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements<\/em> of the Ontario Securities Commission (the “Blanket Exemption Order<\/strong>“). The Blanket Exemption Order states that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings as a result of the COVID-19 pandemic. <\/p>\n Recent global events pertaining to COVID-19 have impacted the Company, its employees and its directors’ ability to rely on timely information for its financial reporting obligations. As per National Instrument 51-102, Continuous Disclosure Obligations<\/em>, the Company was to file its interim financial statements and MD&A (the “Interim Filings<\/strong>”) by August 29, 2020. Relying on the Blanket Exemption Order affording the Company an additional 45 days from the deadline to file, the Company expects to file its Interim Filings on or before October 13, 2020. This will follow the fiscal year-end results, which will be filed on or before September 12, 2020, as previously disclosed.<\/p>\n The Company is continuing to work diligently with its auditors to file the Interim Filings by the extended deadline of October 13, 2020.<\/p>\n There have been no undisclosed material business developments since the date of the last interim financial report was filed.<\/p>\n The Company acknowledges that management and other insiders are subject to an insider trading black-out policy, that reflects the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions (National Policy 11-207), until the second trading day after the Interim Filings have been disclosed.<\/p>\n About Greenland Resources Inc.<\/strong><\/p>\n Greenland Resources is a Canadian reporting issuer regulated by the Ontario Securities Commission, focused on the acquisition, exploration and development of mineral properties in Greenland. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) as well as our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com.
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