VANCOUVER, BC, June 26, 2020 /CNW/ - Last Mile Holdings
Ltd. ("MILE" or the "Company") (TSXV: MILE)
(OTC: AZNVF) announces that further to its news release dated
May 29, 2020, the Company will
continue to rely on exemptive relief granted by Canadian securities
regulatory authorities which allows it to delay the filing of its
interim documents required by sections 4.2 and 5.12(2) of
National Instrument 51-102 ("NI 51-102"). In response to the
COVID-19 pandemic, securities regulatory authorities in
Canada have granted a blanket
exemption allowing issuers an additional 45 days to complete their
regulatory filings. The Company is expecting to file its interim
financial statements and management discussion and analysis for the
three month period ended March 31,
2020 (the "Interim Filings") by the extension date of
July 16, 2020.
The Company's management and other insiders will be subject to a
trading black-out that reflects the principles in Section 9 of
National Policy 11-207 until its Interim Filings are filed,
which will be by July 16, 2020.
Other than as previously disclosed by the Company in news
releases, including the information herein, there are no other
material business developments since May 29,
2020, the date of the Company's news release announcing the
delay in filing of the Interim Filings.
The Company further announces it will be delaying the filing of
its statement of its executive compensation as otherwise required
by subsections 9.3.1(2) and (2.2) of NI 51-102 in reliance on
BC Instrument 51-516 – Temporary Exemptions from Certain
Requirements to File or Send Security Holder Materials (and
similar exemptions provided by other relevant Canadian securities
regulators). The Company expects to include its statement of
executive compensation in its management information circular in
connection with its annual general meeting of shareholders to be
held no later than December 31,
2020.
For more information on Last Mile Holdings, visit
lastmile-holdings.com.
About Last Mile Holdings
Last Mile Holdings (TSXV:
MILE), formerly OjO Electric, is one of the largest micro-mobility
companies in the U.S., offering the broadest product suite in the
industry. Last Mile has 30 university and 50 municipal
contracted shared mobility systems under the OjO and Gotcha
brands. The acquisition of Gotcha in the first quarter of 2020
provides an expansive growth pipeline and a portfolio of products
including electric bikes, trikes, scooters, and cruisers. For more
information, visit lastmile-holdings.com.
Follow us on social:
LinkedIn: Last Mile
Holdings
About Gotcha Mobility
Gotcha, a
subsidiary of Last Mile Holdings, is a shared electric mobility
company dedicated to providing innovative products and technologies
that get people out of single-occupancy cars and safely onto
efficient, sustainable micro-transit products. The company operates
electric bikes, trikes, scooters, and cruisers as transportation
solutions tailored to cities and universities across the US. Gotcha
empowers communities to lead happier, more productive lives through
the transformative power of affordable, accessible micro-transit.
For more information, visit ridegotcha.com.
Follow us on social:
Instagram:
@RideGotcha
Facebook: @RideGotcha
Cautionary Statement Regarding
Forward-Looking Information
This news release
includes certain "forward-looking statements" and "forward-looking
information" under applicable Canadian securities legislation that
are not historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to: Last Mile Holdings and
Gotcha's business and prospects and the Company's objectives, goals
or future plans, including the planned deployment of its mobility
units; and the business, operations, and management of the Company.
Forward-looking statements are necessarily based on a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: the
ability of Company to meet its deployment targets, access to
sufficient mobility units, meeting the requirement of the permits
granted to Company, general business, economic and social
uncertainties including the impact of COVID-19; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; delay or failure to receive
board, shareholder or regulatory approvals; those additional risks
set out in the Company's public documents filed on SEDAR at
www.sedar.com; and other discussed in this news
release. Accordingly, the forward-looking statements discussed in
this release, may not occur and could differ materially as a result
of these known and unknown risk factors and uncertainties affecting
the companies. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Reader Advisory
Neither the TSX-V nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX-V) accepts responsibility of the adequacy or
accuracy of this release.
SOURCE Last Mile Holdings Ltd.
