Thetford Mines, Quebec - TheNewswire - July 2, 2020 - KDA Group Inc. (TSXV: KDA) ("KDA" or the "Corporation") announces that it intends to rely on blanket exemptions issued by provincial securities commissions due to the COVID-19 outbreak that permit the Company to extend the filing deadline of certain continuous disclosure documents for a period of up to 45 days.
The Corporation intends to rely on the exemptive relief to extend the date of filing its interim financial statements for the quarter ended April 30, 2020 and related management's discussion and analysis pursuant to National Instrument 51-102 (collectively, the "Interim Filings"). The Interim Filings were originally due to be filed by June 29, 2020. The Company plans to rely on the exemption to file the Interim Filings on or about July 8, 2020. KDA's management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207.
The only material development of the Corporation that has occurred since March 27, 2020, being the date of filing of the last interim financial report of the Corporation, has been:
- The Corporation's appointment of two new directors and resignation of two directors, as set out in the news release of the Corporation dated June 12, 2020.
ABOUT KDA GROUP
KDA Group is a leading innovation and specialized solution provider in the pharmaceutical market. Today, it is a respected name for quality and expertise among the different stakeholders in the pharmaceutical and medical sector. Its management team is guided by a vision of continuing to lead the way in Quebec while extending operations across Canada and internationally. Additional information on the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com.
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CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive, and will. By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Chief Executive Officer
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