Braingrid Limited Provides Update on Extension to File Annual Financial Statements and Management's Discussion and Analysis
26 June 2020 - 10:30PM
Braingrid Limited (CSE: BGRD) (“Braingrid”) wishes
to provide an update on the status of the filing of its annual
financial statements and accompanying management's discussion and
analysis, and related CEO and CFO certifications, for the financial
year ended January 31, 2020 (collectively, the “
Annual
Filings”).
Further to its press release disseminated on May
29, 2020 (the “Initial Press Release”), Braingrid
is relying on a temporary exemption under Ontario Securities
Commission ("OSC") Instrument 51-502 Temporary
Exemption from Certain Corporate Finance Requirements (the
"OSC Temporary Exemption") in respect of the
deadline to file the Annual Filings due to delays experienced as
result of the COVID-19 pandemic.
Braingrid is continuing to work diligently and
expeditiously with its auditors to file the Annual Filings on or
before July 14, 2020. Braingrid confirms that since the date of the
Initial Press Release, there have been no material business
developments.
For further information regarding the OSC
Temporary Exemption, please refer to the Initial Press Release
disseminated on May 29, 2020. Additional information regarding
Braingrid is available on SEDAR www.sedar.com.
About Braingrid:
Braingrid is a global technology company
committed to the best interests of the precision agriculture
industry for the long term. We provide valuable grow analytics by
capturing real-time data using our technology platform to increase
revenues, reduce costs, risks and improve yield - making it easier
for the grower to operate efficiently and effectively. Braingrid is
listed on the CSE under the symbol BGRD.
The Canadian Securities Exchange has not
reviewed, approved or disapproved the content of this news
release.
Media Contact:
Braingrid Limited Doug Harris Chief Financial Officer
416-480-2488 ir@braingrid.io www.braingrid.io
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