TORONTO, ON / ACCESSWIRE / May 9, 2022 / Optima Medical Innovations Corp. (CSE:OMIC) ("OMIC" or the "Company") announces that further to the Company's press release dated April 20, 2022, the Company has received notice from the Ontario Securities Commission (the "OSC") that the OSC has not accepted the Company's management cease trade order (the "MCTO") application and the OSC has instead issued a cease trade order (the "CTO"). The Company applied for the MCTO as it anticipated it would be unable to file its audited annual financial statements, accompanying management's discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2021 (the "Annual Filings") by the prescribed deadline of May 2, 2022. The MCTO would have allowed the Company's shares to continue to trade while applying a cease trade order to the Chief Executive Officer and Chief Financial Officer, however the MCTO was not granted.
Optima Medical Provides Update On Annual Filings And Issuance Of Cease Trade Order
May 09, 2022
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