MONTREAL, Feb. 13, 2015 /CNW Telbec/ - (TSXV: SDW) - Sofame Technologies must file its annual audited financial statements by March 29, 2015. The Autorité des marchés financiers has granted an extension, and also issued a Management Cease-Trade Order (MCTO). Sofame requested the MCTO prior to missing the January 29, 2015 filing deadline for its audited annual financial statements, management discussion and analysis ("MD&A") and CEO and CFO certifications for the year ended September 30, 2014. The MCTO will remain in place for a period of sixty (60) days, during which time Sofame must complete the audit of its financial statements and related documents.
In accordance with Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults, Sofame will provide bi-weekly updates on further developments at the company until the filing requirements are met. In the event the audit is not completed within the delay, a general Cease Trade Order will be imposed.
Since the current MCTO applies only to directors, officers or insiders, all other persons are permitted to freely trade Sofame's shares.
Neither 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.
SOURCE Sofame Technologies Inc.
For further information: John Gocek, President & CEO, (514) 523-6545 x200; Stone Communication Services, Jason Stone, (416) 867-2533, [email protected]