Canadian Overseas Petroleum Limited Provides Fourth Bi-Weekly Status Report and Announces Application for Second Extension of Management Cease Trade Order
Company") (CSE:
Management Cease Trade Orders ("
NP 12-203").
MCTO Notice") disclosing that it had voluntarily applied to the Alberta Securities Commission (the "
ASC") for a management cease trade order ("
MCTO") as it was not able to complete and file its unaudited interim financial statements and the applicable CEO and CFO certifications in respect of such filings for the period ended March 31, 2021 (collectively the "
Interim Filings") by the filing deadline of May 17, 2021. On May 27, 2021 the Company announced that the ASC granted the MCTO on May 18, 2021 provided that the Company issue a bi-weekly default status report every two weeks, in accordance with NP 12-203, during the period of the MCTO. The Company provided its first bi-weekly status report in its May 27, 2021 news release and a second bi-weekly status report on June 10, 2021 (the "