DMG Blockchain Solutions Announces Update on Annual Filings and Management Cease Trade Order Application - Seite 2

The Company will work with the Auditors and dedicate appropriate resources to promptly finalize the 2021 Annual Financial Statements and the related Certifications, so the 2021 Annual Financial Statements and related Certificates can be filed as early as practicable.

Under applicable Canadian securities laws, the filing deadline for the Company’s unaudited interim financial statements for the three month period ended December 31, 2021 and related management’s discussion and analysis the (collectively, “Q1 2022 Financial Statements”) is March 1, 2022. Pursuant to the MCTO, in the event that the Company has not filed its 2021 Annual Financial Statements and related Certification on or before March 1, 2022, the filing deadline for the Q1 2022 Financial Statements and related Certifications will fall on the date which is two business days after the date on which the 2021 Annual Financial Statements and related Certifications have been filed.

If the Company is unable to file the 2021 Annual Financial Statements and related Certifications prior to the expiry of the MCTO, it is anticipated that the BCSC will issue a general “failure to file” cease trade order prohibiting the trading by any person of any securities of the Company, including trades in the Company’s common shares made through the TSX Venture Exchange, which would take effect shortly after the expiry of the MCTO and would remain in place until such time as the 2021 Annual Financial Statements and related Certifications have been filed.

The Company will make further announcements with respect to the status of the 2021 Annual Financial Statements and related Certifications as and when appropriate.

About DMG Blockchain Solutions Inc.
DMG is an environmentally friendly, vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into three main divisions: data center operations, data analytics and forensics, and developing enterprise blockchains. DMG’s non-polluting data center operations focus on earning eco-friendly revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services for industrial mining clients entirely powered by renewable energy. DMG’s data analytics and forensic services provide technical expertise software products such as Blockseer Pool, Mine Manager, and Walletscore, as well as working with auditors, law firms, and law enforcement organizations. DMG’s permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products. DMG’s strategy is to become the domain experts across the business verticals it focuses on. DMG’s environmentally committed management team includes seasoned crypto experts, forensic & financial professionals, and blockchain developers with deep relationships throughout the industry and a strong ecological consciousness.