Advantex Announces Revocation of Failure-to-File Cease Trade Order
TORONTO, June 25, 2021 /CNW/ - Advantex Marketing International Inc. (CSE: ADX) ("Advantex"), a leader in the merchant cash advance and loyalty marketing products for merchants, announced today that the Ontario Securities Commission ("OSC") has issued an order dated June 24, 2021 revoking (the "Revocation Order") the failure-to-file cease trade order issued against Advantex on November 1, 2019 (the "FFCTO") for failing to file certain outstanding continuous disclosure documents in a timely manner. Advantex will be following up with the Canadian Securities Exchange to remove the suspension and resume the trading of Advantex's common shares, which resumption when effected will be confirmed in a follow up press release. Advantex also confirms that its business has not changed, remains active and that there are no changes to its current business plans.
About Advantex Marketing International Inc.
Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants. Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex's profile on www.sedar.com
Forward-Looking Information
This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex's economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.
The statements in this news release are made of the date of this release. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
SOURCE Advantex Marketing International Inc.
Mukesh Sabharwal, Vice-President and Chief Financial Officer, Tel: 416-560-5173, Email: [email protected]
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