WINNIPEG, MB, June 15, 2020 /CNW/ - Lakeview Hotel Investment
Corp. (TSXV: LHR) (the "Corporation" or "Lakeview")
announced today that the filing of the Corporation's annual audited
financial statements and accompanying management's discussion and
analysis for the year ended December 31,
2019 (the "Annual Filings") with Canadian securities
regulators will likely be delayed until after the extended filing
deadline of June 15, 2020.
As previously disclosed on April 29,
2020, the Corporation is relying on to Manitoba Securities
Commission Blanket Order 52-502 – Temporary Exemption from Certain
Corporate Finance Requirements ("MB 52-502") to postpone the
filing of the Annual Filings due to the outbreak of the novel
coronavirus. The Manitoba Securities Commission (the "MSC")
and other securities regulatory authorities in Canada have granted coordinated blanket
exemptions allowing issuers and additional 45-day period to
complete their regulatory filings that were otherwise due during
the period from March 23, 2020 to
June 1, 2020.
The Corporation anticipates filing the Annual Filings on or
before June 19, 2020. Failure to file
the Annual Filings by June 15, 2020
may result in the MSC taking action against the Corporation,
including, but not limited to, the issuance of a cease trade order
("CTO") against Lakeview. If a CTO is issued, the
Corporation expects the CTO to affect trading in all securities of
the Corporation by securityholders of the Corporation, to apply in
each jurisdiction in Canada in
which the Corporation is a reporting issuer and to remain in effect
until such time as the Corporation has made the Annual Filings.
Other than disclosed in the Corporation's press releases, there
have been no material business developments since April 29, 2020, when the Corporation filed its
first press release in connection with relying on MB 52-502.
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