Binovi Announces Management Cease Trade Order per National Policy 12-203

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Aug 15, 2020
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TORONTO, ON / ACCESSWIRE / August 14, 2020 / Binovi Technologies Corp., (Binovi) (TSXV:VISN, Financial)(OTCQB:BNVIF) announces that its principal regulator, the British Columbia Securities Commission (the "BCSC"), has accepted the Company's request for, and the BCSC has granted, a management cease trade order (the "MCTO"). As previously announced on August 12, 2020, the application for the MCTO was made by the Company due to a delay in the preparation and filing of the Company's annual audited financial statements for the financial year ended February 29, 2020, the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") which were due June 29, 2020. The Company had relied on the temporary filing relief provided by BC Instrument 51-517 which provided an additional 45-day period for the Company to complete its Annual Filings. This period lapsed on August 13, 2020.