GrowMax Resources Postpones Q1 Financials

GROWMAX ANNOUNCES ANNUAL AND INTERIM FILINGS UPDATE

Following its press release of April 29, 2020, GrowMax Resources Corp. is providing a further update on the status of the filing of its annual financial statements, management’s discussion and analysis, and related chief executive officer and chief financial officer certificates for the year ended Dec. 31, 2019.

On March 18, 2020, the Canadian Securities Administrators (CSA) issued a notice stating that securities regulators will be providing co-ordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020, as a result of the COVID-19 pandemic. As such, the B.C. Securities Commission (BCSC) has enacted B.C. Instrument 51-515 (Temporary Exemption from Certain Corporate Finance Requirements).

In its April 29, 2020, press release, the company announced its reliance on the exemption with respect to extending the deadline of the required filings pursuant to BCI 51-515. The company currently still expects to file the annual filings on or prior to June 15, 2020.

The company will also rely on BCI 51-515 to extend the deadline of filing its first quarter consolidated interim financial statements, accompanying management’s discussion and analysis, and related CEO and CFO certificates for the three months ended March 31, 2020, which are required to be filed by June 1, 2020, under sections 4.3 and 4.4 of National Instrument 51-102 (Continuous Disclosure Obligations). The company is continuing to work diligently and currently expects to have the first quarter filings filed on or prior to the extended filing deadline of July 16, 2020.

The company confirms that there have been no material developments, other than those disclosed through news releases, since the filing of its condensed interim consolidated financial statements for the period ended Sept. 30, 2019.

Additionally, the company advises that management and other insiders of the company are subject to a trading blackout policy as described, in principle, in Section 9 of National Policy 11-207 (Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions), until such time as the company has filed the annual filings and the first quarter filings.

We seek Safe Harbor.

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