(Burlington, ON) Tempus Capital Inc. (“Tempus” or the “Company”) announces that due to logistics and delays caused by the COVID-19 virus, the Company is relying on the exemption provided in Ontario Instrument 51-502 (Temporary Exemption from Certain Corporate Finance Requirements) of the Ontario Securities Commission (and similar exemptions provided by the securities commissions in British Columbia, Alberta) to postpone the filing of its annual audited consolidated financial statements for the year ended Dec. 31, 2019, as required by Section 4.2 of National Instrument 51-102 (Continuous Disclosure Obligations), and its related management’s discussion and analysis for the year ended Dec. 31, 2019, as required by Section 5.1(2) of NI 51-102 (the “Annual Documents”).
According to the Ontario Instrument, during the period from March 23, 2020 to June 1, 2020, a person or company required to make certain filings as described in the Ontario Instrument has an additional 45 days from the deadline otherwise applicable under Ontario securities laws to make the filing. ICPC expects to file the Annual Documents by no later than the extended deadline of June 13, 2020.
Until the Company has filed the Annual Documents, members of the Company’s management and other insiders will observe a trading blackout consistent with the principles in Section 9 of National Policy 11-207 – Failure- to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
ICPC confirms that, other than disclosed in prior press releases, there have been no material business developments since the filing on November 26, 2019 of the Company’s latest interim financial reports for the period ended September 30, 2019.
Tempus is a real estate operating company engaged in the acquisition, development and ownership of income producing properties in Canada with a focus on strip shopping centres, storefront retail and mixed residential and commercial properties. Tempus is listed on the Canadian Securities exchange under the trading symbol TEMP.
On behalf of the board of directors
Tempus Capital Inc.
President and CEO
This press release may contain certain forward-looking statements, which reflect Management’s expectations regarding future transactions which constitute forward-looking statements. Whenever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect Management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Tempus cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Tempus assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause Tempus’ actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. No regulator nor any Regulation Services accepts responsibility for the adequacy or accuracy of this press release. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.