TORONTO, May 31, 2024
/CNW/ - ApartmentLove Inc. (CSE: APLV) ("ApartmentLove" or the
"Company") is providing this bi-weekly update on the status of the
management cease trade order issued on May 9, 2024 (the
"MCTO"), by its principal regulator, the Alberta Securities
Commission, under National Policy 12-203 - Management Cease
Trade Orders ("NP 12-203"), after the Company's previous
announcement on May 1, 2024 (the
"Default Announcement"), that it expected to be unable to file its
audited annual financial statements for the year ended December 31, 2023 and associated management's
discussion and analysis and certifications, along with its annual
information financial form for the year ended December 31, 2023 (collectively, the "Annual
Filings").
The Company anticipates filing the Annual Filings on or before
June 17, 2024.
As a result of the delay in filing the Annual Filings, the
Company will be unable to file its interim financial statements for
the three months ended March 31,
2024, and associated management's discussion and analysis
and certifications (collectively, the "Interim Filings"). The
Company anticipates filing the Interim Filings on or before
June 19, 2024.
Except as herein disclosed, there are no material changes to the
information contained in the Default Announcement or the Company's
subsequent press release on May 17,
2024 with respect to the issuance of the MCTO. In
addition: (i) the Company is satisfying and confirms that it
intends to continue to satisfy the provisions of the alternative
information guidelines under NP 12-203 and issue bi-weekly default
status reports for so long as the delay in filing the Annual
Filings is continuing, each of which will be issued in the form of
a press release; (ii) the Company does not have any information at
this time regarding any anticipated specified default subsequent to
the default in filing the Annual Filings; (iii) the Company is not
subject to any insolvency proceedings; and (iv) there is no
material information concerning the affairs of the Company that has
not been generally disclosed.
Disclaimer and Reader Advisory
The Canadian Securities Exchange does not accept
responsibility for the adequacy or accuracy of this news release.
Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and
unknown risks and uncertainties, certain of which are beyond the
control of the Company. Forward-looking statements are frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
These statements are only predictions. Readers are cautioned that
the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. Forward looking statements
include, but are not limited to, the statements regarding the
timing, review, completion and filing of the Annual Filings and
Interim Filings, and duration of the MCTO. The Company assumes no
obligation to update forward-looking statements, whether as a
result of new information, future events, or otherwise, except as
required by applicable law.
Factors that could cause actual results to differ materially
from those described in such forward-looking statements include,
but are not limited to: the Company may not complete its audit and
file the Annual Filings as currently anticipated, or at all; the
Company will be subject to a general cease trade order in the event
that the Annual Filings are not completed and filed; and other
related risks as more fully set out in the Company's
continuous disclosure documents which have been filed on SEDAR+ and
can be accessed at www.sedarplus.com. Because of the risks,
uncertainties, and assumptions contained herein, investors should
not place any undue reliance on forward-looking statements. The
foregoing statements expressly qualify any forward-looking
statements contained herein.
ApartmentLove® | the feeling of
home
SOURCE ApartmentLove Inc.