VANCOUVER, May 13, 2019 /CNW/ - RYU Apparel Inc. (TSXV: RYU, OTCQB: RYPPF) ("RYU" or the "Company") announces that the British Columbia Securities Commission (the "Commission") has revoked the cease trade order issued against the Company on May 6, 2019 (the "Cease Trade Order").
The Cease Trade Order was issued as a result of the Company's failure to file its audited annual financial statements for the year ended December 31, 2018, its management's discussion and analysis relating to the audited annual financial statements for the year ended December 31, 2018, together with the related certifications (collectively, the "Disclosure Documents"), on or before the prescribed filing deadline of April 30, 2019 as required by National Instrument 51-102, Continuous Disclosure Obligations, and NI 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, respectively.
The Company filed the Disclosure Documents on May 9, 2019 and the common shares resumed trading as of today's date, May 13th, 2019.
The Company thanks its shareholders and supporters for their patience during the period that the Cease Trade Order was in effect.
For regular updates on RYU Apparel visit: http://ryu.com
Respect Your Universe is an award winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate human performance. For more information, visit: http://ryu.com
On Behalf of the Board
RYU APPAREL INC.
Marcello Leone, CEO
This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation, statements pertaining to the estimated timing of the Company making the Filings, and related expectations regarding the issuance of, and revocation of, the FFCTO. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Forward-looking statements are based on estimates and opinions of management of the Company at the time the information is presented. The Company may, as considered necessary in the circumstances, update or revise such forward-looking statements, whether as a result of new information, future events or otherwise, but the Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE RYU Apparel Inc.
For further information: Investor Relations, Contact: Anna Brazier, Investor Relations, 1-844-535-2880, firstname.lastname@example.org, www.ryu.com; For Media inquiries, contact: Jackie Reed (USA PR), Head of Fashion, Jackie.email@example.com, +1 212-226-2530; Samantha Detwiller (Canada), firstname.lastname@example.org