Northfield Capital Corporation to Postpone Reporting Financial Results and MD&A Due to COVID-19 Related Delays
TORONTO, April 24, 2020 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V:NFD.A) (“Northfield” or the “Corporation”), an investment company with interests in the resource, technology, and
manufacturing industries, announced today that due to logistical issues and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument
51-502 Temporary Exemption from Certain Corporate Finance Requirements (and similar exemptions provided by other Canadian securities regulators) (the “Ontario Instrument”) to postpone
the filing of the following continuous disclosure documents (collectively, the “Documents”):
- the Company’s audited annual financial statements for the fiscal year ended December 31, 2019 and related certifications;
- the Company’s management discussion and analysis (“MD&A”) for the fiscal year ended December 31, 2019;
- the Company’s unaudited interim financial statements for the three month period ended March 31, 2020 and related certifications; and
- the Company’s MD&A for the three month period ended March 31, 2020.
The Ontario Instrument provides the Company with an additional 45 days from each of the deadlines otherwise applicable under Ontario securities laws to make the respective filings (the “Extension Periods”). Until the Company has filed the Documents, members of the Company’s management and other insiders are subject to a trading blackout reflecting the principles contained in section 9 of National Policy 11-207 Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions such that they are in a blackout period until the end of the second trading day after the Documents have been disclosed by way of a news release. At this time, the Company expects to file the Documents by the expiry of the applicable Extension Periods, being (i) June 13, 2020 with respect to the Company’s annual financial statements and MD&A for the fiscal year ended December 31, 2019; and (ii) July 14, 2020 with respect to the Company’s interim financial statements and MD&A for the three month period ended March 31, 2020.
There have been no material business developments since the date of the last interim financial statements of the Company, filed on November 27, 2019, a copy of which is available on SEDAR at www.sedar.com.
For further information, please contact:
Robert Cudney, President and Chief Executive Officer
Telephone: (416) 416-628-5902
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