Enssolutions Group Inc. Announces Revocation of Cease Trade Orders
21 June 2017 - 6:01AM
Enssolutions Group Inc. (TSXV:ENV.H) (OTC Pink Sheets:NSLSF)
(“Enssolutions” or the “Company”), a manufacturer and distributor
of environmentally responsible emulsion products for a wide variety
of industrial and commercial market demands, announced today that
the Ontario Securities Commission, British Columbia Securities
Commission and Alberta Securities Commission have revoked their
respective cease trade orders relating to the Company’s securities,
effective June 19, 2017.
Enssolutions is in the process of submitting an
application to the TSX Venture Exchange for reinstatement of
trading of its common shares.
The cease trade orders were issued in Ontario and
British Columbia as a result of the Company’s delay in filing its
audited financial statements for the year ended December 31, 2014,
the related management discussion and analysis (the “MD&A”) and
the related certifications of filings under National Instrument
52-109 – Certification of Disclosure in Issuers’ Annual and Interim
Filings (“NI 52-109”). The cease trade order was issued in
Alberta as a result of the Company’s delay in filing its Annual
Financial Statements, the related MD&A, the related
certifications of filings under NI 52-109, as well as its interim
financial statements, related MD&A and related certifications
of filings under NI 52-109 for the three-month period ended March
31, 2015.
On November 4, 2015, Enssolutions filed its audited
financial statements for the year ended December 31, 2014, related
MD&A and related certifications of filings under NI 52-109, and
subsequently on December 10, 2015, the Company filed its interim
financial statements, related MD&A and related certifications
of filings under NI 52-109 for the three-month period ended March
31, 2015, the three and six month periods ended June 30, 2015, and
the three and nine month periods ended September 30,
2015.
Enssolutions has since remained current and timely
in its continuous disclosure filings. In particular:
- On April 29, 2016, Enssolutions filed its audited annual
financial statements for the year ended December 31, 2015, related
MD&A and related certifications of filings under NI
52-109.
- On May 19, 2016, Enssolutions filed its interim financial
statements for the three-month period ended March 31, 2016, related
MD&A – Quarterly Highlights and the related certifications of
filings under NI 52-109.
- On June 14, 2016, Enssolutions refiled its interim financial
statements for the three-month period ended March 31, 2016, related
MD&A – Quarterly Highlights and the related certifications of
filings under NI 52-109.
- On August 26, 2016, Enssolutions filed its interim financial
statements for the three and six-month periods ended June 30, 2016,
related MD&A – Quarterly Highlights and the related
certifications of filings under NI 52-109.
- On November 18, 2016, Enssolutions filed its interim financial
statements for the three and nine-month periods ended September 30,
2016, related MD&A – Quarterly Highlights and the related
certifications of filings under NI 52-109.
- On March 24, 2017, Enssolutions refiled its MD&A for the
year ended December 31, 2015 and the related certifications of
filings under NI 52-109.
- On April 21, 2017, Enssolutions filed its audited annual
financial statements for the year ended December 31, 2016, related
MD&A and the related certifications of filings under NI
52-109.
- On May 30, 2017, Enssolutions filed its interim financial
statements for the three month period ended March 31, 2017, related
MD&A – Quarterly Highlights and the related certifications of
filings under NI 52-109.
Copies of all of the foregoing documentation are
available at www.sedar.com.
About Enssolutions
Enssolutions manufactures, distributes and applies
environmentally responsible products to meet a wide variety of
industrial and commercial market demands. Enssolutions provides
engineered environmental solutions for mine tailings control,
process dust and erosion control, granular stabilization, road
construction/maintenance and stockpile sealing. It has production
facilities in Hamilton, Ontario and Phoenix, Arizona that service
some of North America's largest mining, steel, cement, and road
construction/maintenance companies as well as numerous public road
authorities.
For more information on Enssolutions, please visit
www.enssolutions.com.
Certain information in this news release
constitutes forward-looking statements. When used in this news
release, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "seek", "propose", "estimate",
"expect", and similar expressions, as they relate to the Company,
are intended to identify forward-looking statements. In particular,
this news release contains forward-looking statements with respect
to, among other things, business objectives, expected growth,
results of operations, performance, business projects and
opportunities and financial results. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. Such statements
reflect the Company's current views with respect to future events
based on certain material factors and assumptions and are subject
to certain risks and uncertainties, including without limitation,
changes in market, competition, governmental or regulatory
developments, general economic conditions and other factors set out
in the Company's public disclosure documents. Many factors could
cause the Company's actual results, performance or achievements to
vary from those described in this news release, including without
limitation those listed above. These factors should not be
construed as exhaustive. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary
materially from those described in this news release and such
forward-looking statements included in, or incorporated by
reference in this news release, should not be unduly relied upon.
Such statements speak only as of the date of this news release. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements. The forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For Further Information:
James D. Staudohar
President and Chief Executive Officer
Tel: (877) 520-6767
Email: jims@enssolutions.com
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