VANCOUVER, May 15, 2020 /PRNewswire/ - Mogo Inc. (TSX:MOGO)
(NASDAQ:MOGO) ("Mogo" or the "Company"), one of Canada's leading financial technology
companies, announced today that it will be relying on the
exemptions provided in BC Instrument 51-315 – Temporary
Exemption from Certain Corporate Finance Requirements and BC
Instrument 51-516 – Temporary Exemptions from Certain
Requirements to File or Send Securityholder Materials (and
similar exemptions provided by the other Canadian securities
regulators) in connection with the COVID-19 pandemic to postpone
the filing of the following continuous disclosure documents
pursuant to National Instrument 51-102 – Continuous Disclosure
Obligations: (i) the Company's interim financial report for the
quarter ended March 31, 2020; (ii)
the associated management's discussion & analysis (together
with the Company's interim financial report for the quarter ended
March 31, 2020, the "Q1 2020
Financial Reports"); and (iii) the executive compensation
disclosure to be contained in its management information circular
in connection with its annual general meeting of shareholders.
The Company currently expects to file Q1 2020 Financial Reports
on or about June 2, 2020 and will
issue a separate press release confirming the details of the Q1
2020 conference call for investors and analysts.
Until the Company has filed the Q1 2020 Financial Reports,
members of the Company's management and other insiders are subject
to an insider trading black-out policy that reflects the principles
in section 9 of National Policy 11-207 - Failure-to-File Cease
Trade Orders and Revocations in Multiple Jurisdictions. There
have been no material business developments since the date of the
Company's annual financial statements for the year ended
December 31, 2019 that have not been
otherwise disclosed by the Company by way of a press release.
Mogo is also relying on the temporary blanket relief provided by
the Canadian Securities Administrators to postpone the filing of
its executive compensation disclosure required under applicable
securities laws until such time as it is filed and delivered to
shareholders as part of Mogo's information circular relating to its
2020 annual general meeting of shareholders.
Cautionary Statement Regarding Forward-Looking
Information
Certain statements contained in this press release may
constitute forward-looking information. These statements relate to
future events or future performance. The use of any of the words
"could", "intend", "expect", "believe", "will", "projected",
"estimated", "proposed" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company's
current belief or assumptions as to the outcome and timing of such
future events. Such forward-looking information is subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. In particular, this press release contains
forward-looking information relating to the anticipated filing of
the Company's interim financial report for the quarter ended
March 31, 2020, the associated
management's discussion & analysis and the Company's executive
compensation disclosure. Various assumptions or factors are
typically applied in drawing conclusions or making the forecast or
projections set out in forward-looking information. Those
assumptions and factors are based on information currently
available to the Company. The forward-looking information contained
in this press release is made as of the date hereof and the Company
is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained herein.
About Mogo
Mogo — a financial technology company — offers a finance
app that empowers consumers with simple solutions to help them get
in control of their financial wellness. Financial wellness
continues to be the #1 source of stress across all demographics and
highest among millennials. At Mogo, users can sign up for a free
account in only three minutes and begin to learn the 4 habits of
financial health and get convenient access to products that can
help them achieve their financial goals. The Mogo platform has been
purpose-built to deliver a best-in-class digital experience, with
best-in-class products all through one account. With more than one
million members and a marketing partnership with Canada's largest news media company, Mogo
continues to execute on its vision of becoming the go-to financial
app for the next generation of Canadians. To learn more, please
visit mogo.ca or download the mobile app
(iOS or Android).
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SOURCE Mogo Inc.