CHARLESTON, S.C. and VANCOUVER, BC, Aug. 28, 2020 /CNW/ - Last Mile Holdings
Ltd. (formerly OjO Electric Corp.) (the "Company" or
"MILE") (TSXV: MILE) (OTC: AZNVF) announces the
postponement of filing its second quarter financial statements and
management's discussion and analysis for the period ended
June 30, 2020 (the "Interim Filings")
due to logistics and delays caused by the COVID-19 pandemic.
The Company is relying on blanket relief granted by Canadian
securities regulatory authorities under BC Instrument 51-515
allowing issuers an additional 45 days to complete their regulatory
filings required pursuant to sections 4.3 and 5.12(2) of
National Instrument 51-102 by August
31, 2020. The Company is continuing to work diligently
to file the Interim Filings at its earliest opportunity, which is
expected to occur on or before September 30,
2020.
Until such time as the Interim Filings are filed, the Company's
management and insiders are subject to a trading blackout that
reflects the principals contained in section 9 of National
Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations
in Multiple Jurisdictions.
Other than as previously disclosed by the Company in news
releases, there have been no material business developments since
the date of the last interim financial statements filed on
June 16, 2020, copies of which are
available on SEDAR at www.sedar.com. The Company will be
providing an update news release on the status of filing its
June 30, 2020 second quarter
unaudited financial statements by September
27, 2020.
For more information on Last Mile Holdings, visit
lastmile-holdings.com.
About Last Mile Holdings
Last Mile Holdings (TSXV:
MILE), formerly OjO Electric, is one of the largest micro-mobility
companies in the U.S., offering the broadest product suite in the
industry. Last Mile has 30 university and 50 municipal
contracted shared mobility systems under the OjO and Gotcha
brands. The acquisition of Gotcha in the first quarter of 2020
provides an expansive growth pipeline and a portfolio of products
including electric bikes, trikes, scooters, and cruisers. For more
information, visit lastmile-holdings.com.
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Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain
"forward-looking statements" and "forward-looking information"
under applicable Canadian securities legislation that are not
historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to: Last Mile Holdings and
Gotcha's business and prospects and the Company's objectives, goals
or future plans, including the planned deployment of its mobility
units; and the business, operations, expected future costs and
revenues for and management of the Company. Forward-looking
statements are necessarily based on a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties and other factors which may cause
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: the ability of Company to
meet its deployment targets, access to sufficient mobility units,
usage of mobility units, meeting the requirements of the permits
granted to Company including insurance, general business, economic
and social uncertainties including the impact of COVID-19;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; delay or
failure to receive board, shareholder or regulatory approvals;
those additional risks set out in the Company's public documents
filed on SEDAR at www.sedar.com; and other discussed in this news
release. Accordingly, the forward-looking statements discussed in
this release, may not occur and could differ materially as a result
of these known and unknown risk factors and uncertainties affecting
the companies. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Reader Advisory
Neither the TSX-V nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX-V) accepts responsibility of the adequacy or
accuracy of this release.
SOURCE Last Mile Holdings Ltd.
