This press release, required by applicable Canadian laws, is not for distribution to U.S. newswire services or for dissemination in the United States
Golden Dawn Provides Bi-Weekly Default Status Report
VANCOUVER, Canada, May 24, 2019, Golden Dawn Minerals Inc., (TSXV: GOM | OTC: GDMRF | FRANKFURT: 3G8B), (“Golden Dawn” or the “Company”), hereby provides a status update to the management cease trade order (the “MCTO”) issued by the British Columbia Securities Commission on April 2, 2019. On March 15, 2019, the Company announced that its annual financial statements, the related management’s discussion and analysis and the related officer certifications for the financial year ended November 30, 2018 (collectively, the “Annual Filings”) will be delayed beyond the filing deadline of April 1, 2019. On April 29, 2019, the Company announced that its interim financial statements, the related management’s discussion and analysis and the related officer certifications for the three month period ended February 28, 2019 (collectively, the “Q1 Filings”) will also be delayed beyond their filing deadline of April 29, 2019.
As previously reported, as a result of unexpected departures of the Company’s former Chief Executive Officer, Wolf Wiese, due to health reasons, and Chief Financial officer, Andrea Yuan, to pursue other business interests, the Company was unable to complete its Annual filings prior to the required deadline. The Company anticipates that it will complete and file the Annual Filings by May 31, 2019 and further anticipates filing the Q1 Filings concurrently with the Annual Filings, at which point the Company expects the MCTO to be revoked.
The Company confirms that it intends to satisfy the alternative information guidelines found in National Instrument Policy 12-203 Management Cease Trade Orders for as long as the MCTO is in effect. Additionally, the Company confirms that as of the date hereof, it is not aware of any other material information concerning its affairs which has not generally been disclosed.
On behalf of the Board of GOLDEN DAWN MINERALS INC.
Per: “Christopher R. Anderson” Christopher R. Anderson
Chief Executive Officer
For further information, please contact:
Golden Dawn Minerals Inc. – Corporate Communications:
Tel: (604) 221-8936
Forward-Looking Statement Cautions:
This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, including statements regarding the timing and completing of the Annual Filings and Q1 Filings. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. The reader is urged to refer to the Company’s reports, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
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