Mr. Luke Caplette reports
SAYWARD CAPITAL CORP. ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING
Sayward Capital Corp. intends to rely on Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers, and move from quarterly to semi-annual financial reporting (SAR). By adopting SAR, the corporation aims to reduce the administrative and financial burden associated with quarterly reporting.
The corporation's fiscal year ends on Dec. 31. Under the SAR pilot program, the corporation will be exempt from filing interim financial reports and related management discussion and analysis (MD&A) for its first and third quarters. Accordingly, the corporation will not file interim financial statements or related MD&A for the three-month period ending March 31, 2026, and the nine-month period ending Sept. 30, 2026, and all subsequent periods ending March 31 and Sept. 30. The corporation will continue to file audited annual financial statements and MD&A (due within 120 days of Dec. 31) and six-month interim financial statements and MD&A (due within 60 days of June 30).
The corporation confirms it meets the SAR pilot program's eligibility criteria set forth in the blanket order, which include being a venture issuer with annual revenues of less than $10-million and maintaining a clean 12-month continuous disclosure record. The corporation remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102, Continuous Disclosure Obligations.
This news release is issued pursuant to the blanket order.
We seek Safe Harbor.
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