13:24:36 EST Sun 05 Feb 2023
Enter Symbol
or Name
USA
CA



iMining Technologies Inc (2)
Symbol IMIN
Shares Issued 47,110,127
Close 2022-12-01 C$ 0.085
Recent Sedar Documents

iMining receives CTO from BCSC

2022-12-06 14:40 ET - News Release

Mr. Khurram Shroff reports

IMINING ANNOUNCES ISSUANCE OF CEASE TRADE ORDER BY THE BRITISH COLUMBIA SECURITIES COMMISSION

iMining Technologies Inc. has disclosed the issuance of a cease trade order by the British Columbia Securities Commission (BCSC) under National Instrument 51-102, Continuous Disclosure Obligations, effective Dec. 2, 2022, as a result of the company not having filed its audited annual financial statements, accompanying management discussion and analysis, and certifications for the financial year ended May 31, 2022, and the corresponding interim financial statements, management discussion and analysis, and certifications for the period ended Aug. 31, 2022.

As previously announced, the company has experienced unexpected delays in consolidating financial information and accounting for its acquisition of BitBit Financial and the recent launch of Metaverse Advisory Group focusing on its Web 3.0 operations, under IFRS (international financial reporting standards) standards. However, the company is actively and expeditiously working with its auditor to make the required filings.

The cease trade order prohibits the trading or purchase by any person or company of any securities of iMining in each jurisdiction in Canada in which the company is a reporting issuer for as long as the cease trade order remains in effect; however, the cease trade order provides an exception for beneficial securityholders of the company who are not currently (and who were not as of Dec. 2, 2022) insiders or control persons of the company may sell securities of the company if both of the following criteria are met: (i) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (ii) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The cease trade order revokes the management cease trade order previously issued by the BCSC and will remain in place until such time as the required filings have been filed, following which the company expects that the BCSC will revoke the cease trade order.

The company also confirms, as of the date of this news release, that there is no other material information concerning the affairs of the company that has not been generally disclosed.

About iMining Technologies Inc.

iMining is a publicly traded company that invests in energy infrastructure, blockchain technology and Web 3.0 ecosystem. It is developing sustainable energy and technology solutions for data centre operations. With diverse investment and infrastructure solutions, iMining looks to be an energy-first company enabling the growth of future technologies and is committed to building a sustainable and environmentally friendly energy company of the future.

We seek Safe Harbor.

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