WINNIPEG, MB, July 16, 2020 /CNW/ – Lakeview Hotel Investment Corp. (TSXV: LHIC) (the “Corporation” or “Lakeview“) announced today that it has not met the revised filing date of July 14, 2020, as provided in The Manitoba Securities Commission Blanket Order 52-502 – Temporary Exemption from Certain Corporate Finance Requirements (“MB 52-502“), for filing of the following continuous disclosure documents: (i) interim financial statements for the 3-month period ended March 31, 2020; (ii) management’s discussion & analysis for the 3-month period ended March 31, 2020 and (iii) certification of filings under section 5.1 of Regulation 52-109 – Certification of Disclosure in Issuers’ Annual and Annual Filings (collectively, the “Interim Filings“).
The default is due to the outbreak of the novel coronavirus (“COVID-19“), which had a negative impact on Lakeview’s business and administrative operations.
Accordingly, the Corporation has applied to The Manitoba Securities Commission (the “MSC“) for a Management Cease Trade Order that will prohibit the Chief Executive Officer and the Chief Financial Officer of Lakeview from trading in the securities of the Corporation until such time as the Interim Filings have been filed. The MSC has yet to make a decision on the aforementioned application. The MSC may grant the application and issue the Management Cease Trade Order or it may impose an Issuer Cease Trade Order if the Interim Filings are not filed in a timely fashion.
During the period of default and until filing of the Interim Filings, the Corporation intends to satisfy the provisions of the alternative information guidelines as required by National Policy 12-203 – Management Cease Trade Orders.
The Corporation’s management and other insiders are subject to a trading blackout reflecting the principles contained in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions until the Interim Filings have been completed.
Lakeview plans to complete the Interim Filings on or before July 28, 2020.
Other than disclosed in the Corporation’s press releases, there have been no material business developments since June 19, 2020, when the Corporation filed its annual audited financial statements for the year ended December 31, 2019.
About the Corporation
Lakeview Hotel Investment Corp is listed on the TSX Venture Exchange under the symbol “LHR”. Lakeview Hotel Investment Corp receives income from ownership, management and licensing of hotel properties.
The TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Lakeview Hotel Investment Corp
For further information: Rudy Beyer, Chief Financial Officer, Tel: (204) 975-0623, Fax: (204) 957-1697, Email [email protected]
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
