VANCOUVER, BC, May 31, 2023
/CNW/ - Datable Technology Corporation (TSXV: DAC) (OTC
Pink: TTMZF) ("Datable" or
the "Company") announces that further to its news
release dated May 3, 2023 (the
"Announcement"), the Company's principal regulator, the
British Columbia Securities Commission (the "BCSC") granted
a management cease trade order (the "MCTO") on May 3, 2023, under National Policy 12-203
Management Cease Trade Orders ("NP 12-203").
Pursuant to the MCTO, the Chief Executive Officer and the Chief
Financial Officer may not trade in securities of the Company until
such time as the Company files its audited annual financial
statements for the year ended December 31,
2022, including the related management's discussion and
analysis, and related certifications on or before June 30, 2023 (collectively the "Required
Documents") and the Executive Director of the BCSC revokes the
MCTO. The MCTO does not affect the ability of shareholders to trade
their securities.
The Company's board of directors and management confirm that
they are working expeditiously to file the Required Documents and
confirm that since the Announcement:
- There have been no material changes to the information
contained in the Announcement that would reasonably be expected to
be material to an investor;
- There have been no failures by the Company to fulfill its
stated intentions with respect to satisfying the provisions of the
alternative information reporting guidelines under NP 12-203;
- There has not been, nor is there anticipated to be, any
specified default subsequent to the default which is the subject of
the Announcement; and
- There have been no material changes in respect of the Company's
affairs that have not been generally disclosed.
About Datable Technology
Corporation
Datable has developed PLATFORM3 a
proprietary Consumer Lifecycle and Data Management Platform that is
sold to global consumer brands.
PLATFORM3 is delivered as a
subscription service (Software as a Service model) and used by some
of the worlds' most valuable consumer brands to access new consumer
communities and engage them while collecting, analyzing, and
managing their first-party data.
PLATFORM3 incorporates
proprietary technology to monetize the consumer data, including
demographics and purchasing behaviour, by sending consumers
targeted offers by email and text messages. For more information,
visit datablecorp.com.
For additional information about the company please visit
www.sedar.com. The TSX Venture Exchange Inc. has in no way passed
upon the merits of the transaction and has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This
news release contains forward-looking information, which involves
known and unknown risks, uncertainties and other factors that may
cause actual events to differ materially from current expectation.
Important factors – including the availability of funds and the
results of financing efforts, – that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Datable Technology Corp.