WINNIPEG, April 29, 2020 /CNW/ - Lakeview Hotel Investment
Corp. (TSXV: LHIC) (the "Corporation" or "Lakeview")
announced today that due to the outbreak of the novel coronavirus
("COVID-19"), it will be filing its annual audited financial
statements and accompanying management's discussion and analysis
for the year ended December 31, 2019
(the "Annual Filings") after April
29, 2020, the required deadline set by National Instrument
51-102 – Continuous Disclosure Obligations ("NI
51-102").
The Corporation is issuing this news release pursuant to
Manitoba Securities Commission Blanket Order 52-502 – Temporary
Exemption from Certain Corporate Finance Requirements ("MB
52-502"), which provides the Corporation with an additional
45-day period to complete its Annual Filings. Lakeview is relying
on the exemption provided by MB 52-502 to postpone the filing of
the Annual Filings which includes the following continuous
disclosure documents:
- Audited annual financial statements for the year ended
December 31, 2019 as required by
section 4.2 of NI 51-102; and
- Management's discussion and analysis for the year ended
December 31, 2019 as required by
section 5.1(2) of NI 51-102.
In addition, Lakeview is relying on the exemption provided by MB
52-502 in connection with sending of an annual request form
required by subsection 4.6(1) of NI 51-102 and with the delivery
requirements required by subsection 4.6(3) and (5) of NI 51-102 for
the financial statements, and Section 5.6(1) and (3) of NI 51-102
for the MD&A.
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 Annual
Filings have been completed.
Lakeview plans to complete the Annual Filings on or before
June 15, 2020.
Other than disclosed in the Corporation's press releases, there
have been no material business developments since December 3, 2019, when the Corporation filed its
interim financial statements for the period ended September 30, 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