DENVER, Oct. 27, 2022 (GLOBE NEWSWIRE) — Koios Beverage Corp. FITFITSF (the “Company” or “Koios”) provides this update on the status of a Management Cease Trade Order (“MCTO”) issued by the British Columbia Securities Commission on September 29, 2022 pursuant to National Policy 12-203 – Management Cease Trade Order (“NP 12-203”). . On September 29, 2022, the Company announced that there was a delay in the filing of its financial statements and accompanying management’s discussion and analysis for the year ended May 31, 2022 (the “Annual Filings”) in excess of the period required by applicable Canadian securities laws (the “Default Announcement”).
The Company reports that the review is progressing and will provide a further update on the timing of its annual filings on or before November 10, 2022. The Company is also making progress in completing its interim financial statements and accompanying management discussion and analysis for the first quarter ended August 31, 2022 and will provide further updates on or before November 10, 2022. Further updates on the schedule will be provided by the company as needed.
During the MCTO, the general investing public will continue to be able to trade the Company’s publicly traded common stock. However, the Company’s Chief Executive Office and Chief Financial Officer will not be able to trade the Company’s common stock.
Apart from what is stated in this press release, there are no material changes to the information contained in the standard release. The Company confirms that it intends to be compliant with NP 12-203 and will continue to issue bi-weekly outage status reports pending annual filing requirements.
On behalf of the Board of Directors of the Company,
KOIOS BEVERAGE CORP.
“Chris Mueller”
Chris Miller, CEO, Interim CFO and Director
For more information please contact:
Gina Burrus
844-255-6467
