Zidane Announces Filing Extension of Annual Disclosure Documents Due to Covid-19 and Private Placement

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Return to homepage

(TheNewswire)

 

Vancouver, British Columbia – TheNewswire - May 29, 2020 – Zidane Capital Corp. (NEX:ZZE.H) (“Zidane”), a capital pool company pursuant to TSX Venture Exchange Policy 2.4 – Capital Pool Companies (the “CPC Policy”), announces that due to circumstances created by the COVID – 19 pandemic it will not be filing its audited financial statements and related management discussion and analysis for the fiscal year ended January 31, 2020 by the scheduled due date of June 1, 2020, as required under section 4.2(b) and section 5.1(1) of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”).

As required by BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements (“BC Instrument 51-515), the Company discloses the following:

-         the Company’s management and other insiders will be subject to a trading black-out that reflects the principles in Section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders until its audited financial statements and related management discussion and analysis for the fiscal year ended January 31, 2020 are filed on SEDAR;

-         the Company expects to file its audited financial statements and related management discussion and analysis for the fiscal year ended January 31, 2020 on or about June 26, 2020; and

-         the Company confirms that there have been no material business developments since December 30, 2019.

The Company is also pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) for total gross proceeds of up to $200,000. The Private Placement will consist of up to 4,000,000 common shares at a price of $0.05 per share. Proceeds of the Private Placement will be used to pay outstanding debt and for general working capital.

Further Information

For further information, please contact:

Casper Bych, Chief Executive Officer, Zidane Capital Corp.

Telephone:         604.417.6375

Email:          [email protected]

 

NEITHER THE 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.

Not for distribution to United States newswire services or for release publication,
distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

Forward Looking Information Cautionary Statement and Forward-Looking Information: This news release may contain forward-looking statements including, but not limited to, the anticipated dates on which the Company expects to file its audited financial statements and related management discussion and analysis for the fiscal year ended January 31, 2020. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement. Accordingly, readers should not undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Copyright (c) 2020 TheNewswire - All rights reserved.