Grand Peak Capital Corp. Pronounces Late Submitting of Annual Monetary Disclosure

Surrey, British Columbia–(Newsfile Corp. – January 23, 2023) – Grand Peak Capital Corp. (CSE: GPK) (“Grand Peak” or the “Firm“) in the present day proclaims that the submitting of its audited annual monetary statements, administration’s dialogue and evaluation and associated CEO and CFO certifications for the monetary yr ended September 30, 2022 (the “Required Filings“), will likely be delayed past the submitting deadline of January 30, 2023. The delay within the completion of the Required Filings is because of delays within the audit course of.

The Firm has made an software to the British Columbia Securities Fee (the “BCSC“) for a administration stop commerce order (the “MCTO“), which might limit all buying and selling in securities of the Firm, whether or not direct or oblique, by administration of the Firm. The MCTO wouldn’t have an effect on the flexibility of shareholders who aren’t insiders of the Firm to commerce their securities. There is no such thing as a certainty that the MCTO will likely be granted. If the MCTO will not be issued by the BCSC, the relevant Canadian securities regulatory authorities might difficulty a common stop commerce order towards the Firm for failure to file the Required Filings inside the prescribed time interval.

The Firm is working expeditiously with its auditor, Dale Matheson Carr-Hilton Labonte LLP, chartered skilled accountants, to finish the audit as quickly as attainable. Grand Peak plans to treatment the default and file the Required Filings as quickly as it’s ready to take action and expects such submitting to happen previous to February 28, 2023. The Firm additionally intends to fulfill the provisions of the alternate info tips of part 10 of Nationwide Coverage 12-203 Administration Stop Commerce Orders so long as it’s in default of the submitting necessities.

The Firm confirms that there are not any insolvency proceedings towards it as of the date of this press launch. The Firm additionally confirms that there isn’t a different materials info in regards to the affairs of the Firm that has not been usually disclosed as of the date of this press launch.

For extra info, please contact:

Tajinder Johal
Chief Govt Officer
604-357-4725

Sure statements on this information launch are “forward-looking statements”, which mirror administration’s expectations relating to the issuance of the MCTO and timing of the submitting of the Required Filings. All statements aside from statements of historic reality contained on this information launch are forward-looking statements. Such forward-looking statements contain dangers and uncertainties, as they mirror administration’s present beliefs and are based mostly on info at present obtainable to administration. Precise outcomes might differ materially from these anticipated within the statements made. The forward-looking statements are expressly certified of their entirety by this cautionary assertion. The forward-looking statements are made as of the date of this information launch and Grand Peak assumes no obligation to replace or revise them to mirror new occasions or circumstances besides as expressly required by relevant securities legislation. Additional info relating to the uncertainties and dangers will be discovered within the disclosure paperwork filed by Grand Peak with the securities regulatory authorities, obtainable at www.sedar.com.

 

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/152236