Toronto, Ontario–(Newsfile Corp. – May 18, 2022) – CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) (the “Corporation“) is providing this bi-weekly default status report (the “Default Status Report”) in accordance with National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 21-203“). On April 26, 2022, the Corporation announced (the “Default Announcement“) that, for reasons disclosed in the Default Announcement, the filing of the Corporation’s audited annual financial statements, management’s discussion and analysis, and related certifications for the fiscal year ended December 31, 2021 (collectively, the “Annual Filings“) would not be completed by the prescribed deadline of May 2, 2022.
As a result of this delay in filing the Annual Filings, the Corporation’s principal regulator, British Columbia Securities Commission, granted a temporary management cease trade order (the “MCTO“) to the Corporation/ The MCTO prohibits all trading by the Chief Executive Officer and the Chief Financial Officer of the Corporation, and such other directors, officers and persons as determined by the applicable regulatory authorities, in securities of the Corporation until the MCTO is revoked. The Corporation’s board of directors and management confirm that they are working expeditiously to meet the Corporation’s obligations relating to the filing of the Annual Filings, with the goal of filing prior to June 30, 2022.
Pursuant to the provisions of the alternative information guidelines specified by NP 12-203, the Corporation reports that since the Default Announcement there have not been any changes to the information contained therein that would reasonably be expected to be material to an investor, not any failure by the Corporation to fulfil its intentions as stated therein with respect to satisfying the provisions of the alternative information guidelines, and there are no additional defaults or anticipated defaults subsequent to the disclosure therein, other than the delay in filing the Annual Filings.
Further, there is no additional material information respecting the Corporation and its affairs that have not been generally disclosed and there are no insolvency proceedings against the Corporation as of the date of this Default Status Report. Until the Annual Filings have been filed, the Corporation intends to continue to satisfy the provision of the alternative information guidelines specified by NP 12-203 by issuing bi-weekly status default repots in the form of press releases, which will also be filed on SEDAR at www.sedar.com.
About CoinAnalyst Corp.
CoinAnalyst focuses on the business which includes an artificial intelligence (“AI”)-based big data analytics platform (the “Platform“) that enables investors in the digital asset sector and other industries to access a dashboard. The dashboard monitors and analyzes real-time data from the digital asset market (Coins/Tokens/NFTs/initial offerings). The Corporation’s software monitors news…
