07:50:23 EST Thu 09 Feb 2023
Enter Symbol
or Name
USA
CA



American Aires files delayed quarterly financials

2022-12-06 20:32 ET - News Release

Mr. Dimitry Serov reports

AMERICAN AIRES ANNOUNCES FILING OF INTERIM FINANCIAL STATEMENTS AND PROVIDES UPDATE ON CEASE TRADE ORDER

American Aires Inc., further to its previous press releases of May 9, 2022, June 23, 2022, Aug. 2, 2022, Aug. 26, 2022, Sept. 21, 2022, Oct. 21, 2022, and Nov. 3, 2022, has filed its interim financial statements, management discussion and analysis, and certificates of the chief executive officer and chief financial officer for the period ended March 31, 2022, which were due to be filed on May 30, 2022, and the interim financial statements, management discussion and analysis, and certificates of the chief executive officer and chief financial officer for the period ended June 30, 2022, which were due to be filed on Aug. 29, 2022, and the interim financial statements, management discussion and analysis, and certificates of the chief executive officer and chief financial officer for the period ended Sept. 30, 2022, which were due to be filed on Nov. 29, 2022. The interim continuous disclosure documents can be accessed under the company's profile on SEDAR.

The Ontario Securities Commission (OSC) issued a failure-to-file cease trade order (CTO) against the company on May 6, 2022, which orders that general trading, whether direct or indirect, of the securities of the company cease. A copy of the CTO has been posted to the OSC website.

The company will file a revocation application to revoke the CTO. The company will provide further updates as they become available.

In addition, the company announces the resignation of Rob Suttie as the chief financial officer of the company. The company will commence a search for a new chief financial officer, which will be announced in due course. The company would like to thank Mr. Suttie for his contributions to the company and wishes him well in his future endeavours.

About American Aires Inc.

American Aires is a Canadian-based nanotechnology company which has developed proprietary silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation (EMR). The technology was developed by a team of highly accredited scientists and confirmed by independent third party validation, including peer-reviewed studies and publications in scientific journals. Aires's Lifetune products specifically target EMR emitted by consumer electronic devices such as cellphones, computers, baby monitors, Wi-Fi radiation, including the rapidly expanding next-generation high-speed 5G networks. Aires is listed on the Canadian Securities Exchange under ticker WIFI and on the OTCQB under the symbol AAIRF.

We seek Safe Harbor.

© 2023 Canjex Publishing Ltd. All rights reserved.