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Frankfurt: 1RR
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VANCOUVER, May 31, 2020 /CNW/ - Rokmaster Resources
Corp. ("Rokmaster" or the "Company") announces that
due to the COVID-19 pandemic, the Company will postpone the filing
of its condensed consolidated interim financial statements for the
three-month period ended March 31,
2020 and accompanying management's discussion and analysis
and related CEO and CFO certifications (collectively, the "Q1
2020 Filings"), which are required to be filed by June 1, 2020 under National Instrument 51-102 –
Continuous Disclosure Obligations.
On March 18, 2020, the Canadian
Securities Administrators (CSA) announced that they would provide
issuers with a 45-day filing extension for filings required on or
before June 1, 2020, to allow issuers
the time needed to focus on the many other business and financial
reporting implications of the COVID-19 pandemic.
The Company will rely on this exemption with respect to the Q1
2020 Filings in accordance with BC Instrument 51-515
– Temporary Exemption from Certain Corporate Finance
Requirements ("BCI 51-515"). The Company is continuing
to work diligently and expeditiously to complete and file the Q1
2020 Filings and currently expects them to be filed on or prior to
the extended filing deadline of July 16,
2020.
Until the Q1 2020 Filings are filed, management and other
insiders of the Company continue to be subject to a 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.
The Company confirms that since the filing of its press release
dated April 28, 2020 regarding its
postponement, in accordance with BCI 51-515, of filing of its
annual consolidated financial statements for the financial year
ended December 31, 2019, there have
been no material business developments other than those that have
been publicly disclosed as required under applicable securities
laws and stock exchange requirements. The Company continues to work
towards filing its annual financial statements and related
documents on or prior to the extended filing deadline of
June 15, 2020.
About Rokmaster
Rokmaster's focus is on exploring for base and precious metals,
and its flagship asset is its option to earn 100% of the Revel
Ridge polymetallic precious metals project situated in the prolific
Kootenay Arc. Please refer to the technical report titled "Updated
Technical Report on the Revel Ridge Property (formerly J&L
Property), Revelstoke Mining Division, British Columbia, Canada" dated February 25, 2020 with an effective date of
January 29, 2020, which the Company
has filed on SEDAR.
On behalf of the Board of Directors,
"John Mirko"
John Mirko, President and Chief
Executive Officer.
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.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:
This news release may contain forward-looking information within
the meaning of applicable securities laws ("forward-looking
statements"). Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified
by the words "expects," "plans," "anticipates," "believes,"
"intends," "estimates," 'projects," "potential" and similar
expressions, or that events or conditions "will," "would," "may,"
"could" or "should" occur. These forward-looking statements are
subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially from those reflected
in the forward-looking statements, including, without limitation:
risks related to fluctuations in metal prices; uncertainties
related to raising sufficient financing to fund the planned work in
a timely manner and on acceptable terms; changes in planned work
resulting from weather, logistical, technical or other factors; the
possibility that results of work will not fulfill expectations and
realize the perceived potential of the Company's properties; risk
of accidents, equipment breakdowns and labour disputes or other
unanticipated difficulties or interruptions; the possibility of
cost overruns or unanticipated expenses in the work program; the
risk of environmental contamination or damage resulting from
Rokmaster's operations and other risks and uncertainties. Any
forward-looking statement speaks only as of the date it is made
and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise.
SOURCE Rokmaster Resources Corp.