on Reeflex Solutions Inc. (CVE:RFX)
Reeflex Solutions Inc. Updates on Management Cease Trade Order
Reeflex Solutions Inc., listed on TSXV as RFX, has issued a bi-weekly update regarding its Management Cease Trade Order (MCTO). The MCTO, granted by the Alberta Securities Commission, restricts the company's CEO and CFO from trading its securities due to delayed financial filings. This order does not impact public trading of common shares.
The delay stems from Reeflex's transition to a public company following a reverse takeover and acquisition of Coil Solutions Inc. Adjustments are required for financial statements to comply with IFRS standards. Despite securing approval to complete filings by February, complexities have led to further setbacks.
Reeflex assures that there are no substantial changes or undisclosed information aligning with regulatory guidelines, and the company is not faced with insolvency proceedings.
R. E.
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