OTC symbol URAGF TSX.V symbol HPQ HPQ
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TSX.V symbol HPQ
HPQ-Silicon releases more info re late financials
2020-04-30 15:10 ET - News Release
Mr. Bernard Tourillon reports
HPQ-Silicon RE-ISSUES ANNOUNCEMENT ON TEMPORARY BLANKET RELIEF FOR REQUIRED FILINGS
HPQ-Silicon Resources Inc. anticipates relying on the March 20, 2020, temporary blanket relief provided by the Canadian securities regulatory authorities for the filing of its financial statements and management's discussion and analysis (MD&A) for the year ended Dec. 31, 2019, as well as for the period ended March 31, 2020.
This has been driven by delays encountered in the audit process and is consistent with the wider audit environment currently facing companies throughout the world.
On March 23, the TMX Group exchanges Toronto Stock Exchange ('TSX') and TSX Venture Exchange ('TSXV') announced temporary blanket relief measures for listed issuers during the Coronavirus (COVID-19) pandemic. These included the allowance to delay the filing of certain continuous disclosure documents by up to 45 days, given the administrative burden on public companies during the current crisis, and to provide greater flexibility in dealing with market volatility.
The April 27, 2020 release lack the following two sentences:
• As a result, HPQ expects to file its Annual Filings on or before May 15, 2020 and its Q1 2020 Filings on or before June 15, 2020.
• An update on material business developments since the filing of the Company's interim financial reports has been provided in prior press releases.
During the period that the required filings remain outstanding, HPQ-Silicon' management and other insiders are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 -- Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions.
Other correction
In the HPQ April 23, 2020 press release, the second period during which Agoracom services were rendered was for from January 16, 2020 ending April 15, 2020 and not 2019.
About Silicon
Silicon (Si), also known as silicon metal, is one of today's strategic materials needed to fulfil the Renewable Energy Revolution ("RER" presently under way. Silicon does not exist in its pure state; it must be extracted from quartz (SiO2), in what has historically been a capital and energy intensive process.
About HPQ-Silicon
HPQ-Silicon Resources Inc. is building a portfolio of unique high value silicon products needed for the RER.
We seek Safe Harbor.