Voxtur Provides Status Report of Management Cease Trade Order
June 29 2023 - 12:18PM
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the
"Company"), is providing this bi-weekly status report in accordance
with National Policy 12-203 - Management Cease Trade Orders
("
NP 12-203"). In its May 1, 2023 news release
(the "
Notice"), the Company announced the delay in
the filing of its audited annual financial statements for its
financial year ended December 31, 2022, the related management's
discussion and analysis, and certifications by the Chief Executive
Officer and Chief Financial Officer of the Company (collectively,
the "
Required Filings"). The Ontario Securities
Commission, as the Company's principal regulator in Canada, granted
a temporary management cease trade order ("
MCTO")
on May 5, 2023.
In its May 15, 2023 news release (the
“May 15 News Release”), the Company announced the
delay in the filing of its interim financial statements for the
period ended March 31, 2023, the related management's discussion
and analysis relating to the interim financial statements, and the
related certifications by the Chief Executive Officer and Chief
Financial Officer of the Company (collectively, the "Q1
2023 Filings"). Further information regarding the Required
Filings and the Q1 2023 Filings can be found in the Notice and May
15 News Release.
Pursuant to NP 12-203, the Company must file
bi-weekly status reports in the form of further news releases
during the period from the Notice until the MCTO is revoked. Since
the Company issued its bi-weekly status report on June 26, 2023,
except as described in the paragraph that follows: (a) there have
been no material changes to the information contained in the
default announcement or subsequent default status reports that
would reasonably be expected to be material to an investor; (b)
there have been no failures by the Company to fulfill its stated
intentions with respect to satisfying the provisions of the
alternative information guidelines under NP 12-203; (c) there has
not been any specified default subsequent to the default which Is
the subject of the default announcement; and (d) there is no other
material information concerning the affairs of the Company that has
not been generally disclosed.
The Company and its auditors have been actively
engaged in the audit in order to file the Required Filings. Based
on the work completed to date by the auditors and the action items
that remain, management expects the audit to be completed and the
Required Filings to be made by not later than July 17, 2023.
About Voxtur
Voxtur is a transformational real estate
technology company that is redefining industry standards in a
dynamic lending environment. The Company offers targeted data
analytics to simplify tax solutions, property valuation and
settlement services throughout the lending lifecycle for investors,
lenders, government agencies and servicers. Voxtur's proprietary
data hub and workflow platforms more accurately and efficiently
value assets, originate and service loans, securitize portfolios
and evaluate tax assessments. The Company serves the property
lending and property tax sectors, both public and private, in the
United States and Canada. For more information, visit
www.voxtur.com.
Forward-Looking Information
This news release contains certain
forward-looking statements and forward-looking information
(collectively, “forward-looking information”) which reflect the
expectations of management regarding the Company’s strategic
initiatives, plans, business prospects, and opportunities.
Forward-looking statements should not be read as guarantees of
future events, performance or results, and give rise to the
possibility that management’s predictions, forecasts, projections,
expectations, or conclusions will not prove to be accurate, that
the assumptions may not be correct and that the Company’s future
growth, financial performance and objectives and the Company’s
strategic initiatives, plans, business prospects and opportunities,
including the duration, impact of and recovery from the COVID-19
pandemic, will not occur or be achieved. Any information contained
herein that is not based on historical facts may be deemed to
constitute forward-looking information within the meaning of
Canadian and United States securities laws. Forward-looking
information may be based on expectations, estimates and projections
as at the date of this news release, and may be identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information may include but is not
limited to: timing for completion of the Required Filings,
completion of required regulatory filings; the effects of
unexpected costs, liabilities or delays; success of software
activities; regulatory approval; the competition for skilled
personnel; expectations for other economic, business,
environmental, regulatory and/or competitive factors related to the
Company, or the real estate industry generally; anticipated future
production costs; and other events or conditions that may occur in
the future. Investors are cautioned that forward-looking
information is not based on historical facts but instead reflects
estimates or projections concerning future results or events based
on the opinions, assumptions and estimates of management considered
reasonable at the date the information is provided. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance,
or achievements of the Company. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking information include but are not limited to:
delays in required regulatory filings, including the Required
Filings; additional costs related to acquisitions; regulatory
approval of Issued securities; integration of acquired businesses;
implementation of new products; changing global financial
conditions, especially in light of the COVID-19 global pandemic;
reliance on specific key employees and customers to maintain
business operations; competition within the Company’s industry; a
risk in technological failure, failure to implement technological
upgrades, or failure to implement new technological products in
accordance with expected timelines; changing market conditions;
failure of governing agencies and regulatory bodies to approve the
use of products and services developed by the Company; the
Company’s dependence on maintaining intellectual property and
protecting newly developed intellectual property; operating losses
and negative cash flows; and currency fluctuations. Accordingly,
readers should not place undue reliance on forward-looking
information contained herein.
This forward-looking information is provided as
of the date of this news release and, accordingly, is subject to
change after such date. The Company does not assume any obligation
to update or revise this information to reflect new events or
circumstances except as required in accordance with applicable
laws.
NEITHER THE TSXV NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Voxtur’s common shares are traded on the TSXV
under the symbol VXTR and in the US on the OTCQB under the symbol
VXTRF.
Contact:
Jordan RossChief Investment Officer Tel: (416)
708-9764jordan@voxtur.com
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