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Peeks Social Retains Extension on TSXV Tier 1 Listing

TORONTO, Oct. 02, 2019 (GLOBE NEWSWIRE) -- Peeks Social Ltd. (the "Corporation", or “Peeks”) (TSXV: PEEK, OTCQB: PKSLF) announced that further to a press release dated September 13, 2019, the TSX Venture Exchange (“TSXV”) has advised that no bulletin will be issued to transfer the company to Tier 2 at this time.  In conjunction with the Company’s reinstatement, the TSXV will review its revised February 28, 2019 audited financial statements and corresponding MD&As once they are posted on SEDAR.

Trading in the Corporation’s securities may only be reinstated once: the Corporation has completed the necessary filings; the CTO has been lifted; and it has completed an application to TSXV for reinstatement. Previously, the Ontario Securities Commission (“OSC”) had issued a Cease Trade Order (“CTO”) effective September 9, 2019, against the Corporation for failure to file the following by June 28, 2019:

  1. audited annual financial statements for the year ended February 28, 2019;
  2. management's discussion and analysis relating to the audited financial statements for the year ended February 28, 2019; and
  3. certification for the audited financial statements for the year ended February 28, 2019.

The Corporation will provide an update on timing as it becomes available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

For further information, please contact:

Mark Itwaru                                                                             David Vinokurov
Chairman and CEO                                                                Director Investor Relations
416-815-7000                                                                         416-716-9281
mark@peeks.com                                                                  davidv@peeks.com   

Forward Looking Statements

This news release contains forward-looking statements relating to the expected timing of the filing of the Annual Audited Financial Statements and related Management’s Discussion and Analysis for the year ended February 28, 2019.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are risks detailed from time to time in the filings made by the Corporation with securities regulations. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Corporation will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

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