Camarico Provides Update on the Release of Its Annual Financial Statements and Related Disclosures for Fiscal 2019 and Postponement of Release of Its First Quarter 2020 Interim Financial Statements an

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(TheNewswire)



TheNewswire - May 28th, 2020 - Camarico Investment Group Ltd. (CSE: CIG) (CNSX:CIG.CN) ("Company" or “Camarico”) has provided an update on the filing of its annual financial statements and related disclosures for the year ended Dec. 31, 2019, following the earlier announcement in its press release dated April 16, 2020, that filing of the annual disclosures would be delayed due to COVID-19-related delays. The company is continuing to work diligently and expeditiously with its auditors, and anticipates that the annual disclosures will be filed by June 12, 2020, as previously indicated.

The company further announces that filing of the interim financial statements and related disclosures for the three-month period ended March 31, 2020, the first quarter of fiscal 2020, will also be delayed owing to COVID-19-related issues. The company anticipates that the interim disclosures will be filed by July 13, 2020.

CIG confirms that there have been no material business developments other than as disclosed in its press releases and previous filings, and further confirms that management and other insiders of the company have been, since April 16, 2020, and continue to be, subject to a trading blackout policy that reflects the principles in Section 9 of National Policy 11-207 -- Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, which will remain in effect until both the annual disclosures and the interim disclosures have been filed.

Contact Information

Mr. Anthony Chan

Email: [email protected]

Camarico Investment Group Ltd.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release.

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