May 28, 2020 (Vancouver, British Columbia) – Handa Mining Corporation ("Handa Mining" or the "Company") (TSX-V: HAND) announces that due to circumstances created by the COVID 19 pandemic, it will not be filing its annual financial statements and accompanying management’s discussion and analysis and related CEO and CFO certificates for the financial year ended January 31, 2020 (the “Annual Filings”) by the scheduled due date of June 1, 2020, as required by National Instrument 51-102.
BC Instrument 51-515 provides reporting issuers with an extension period of 45 days for filings required on or before June 1, 2020, to allow issuers extra time to make the filings as a result of COVID-19.
The Company will also not be filing its financial statements for the three months ended April 30, 2020, and accompanying management’s discussion and analysis and related CEO and CFO certificates (the “Q1 Filings”) by the scheduled due date of June 29, 2020, as required by National Instrument 51-102.
BC Instrument 51-517 provides reporting issuers with an extension period of 45 days for filings required from June 2, 2020 to August 31, 2020, to allow issuers extra time to make the filings as a result of COVID-19.
The Company expects to file the Annual Filings by no later than July 14, 2020, and the Q1 Filings by no later than August 13, 2020. Management and other insiders of the Company are subject to a trading blackout policy that reflects the principles in section 9 of National Policy 11-207 until its Annual Filings and Q1 Filings have been filed.
The Company is also relying on BC Instrument 51-516 to postpone the disclosure of its executive compensation which is required to be filed by July 29, 2020, under National Instrument 51-102.
Other than as previously disclosed by the Company, there have been no material business developments since the date of the Company’s most recent filing of its interim financial statements and management’s discussion and analysis.
About Handa Mining Corporation
Handa Mining Corporation (TSX-V: HAND) is a mining and development company that is developing the Mejillones Phosphate Project in Chile in order to bring the Project into production and generate cash flow. As part of its revitalized strategy, the Company is also pursuing Joint Venture opportunities in order to gain further exposure to surface mining opportunities which are very close to or in production.
For further information, contact:
Jan Nelson
Chief Executive Officer
Handa Mining Corporation
Tel: (604) 428-7050
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Reader Advisory
This news release includes certain statements that may be considered "forward-looking statements". These statements include, but are not limited to, statements with respect to the use of proceeds of the Financing, the construction of the Plant by Handa, the profitability of the Plant and the Company's vision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: Handa will obtain all required environmental and other permits and all land use and other licenses, studies and exploration of the project will be positive and no geological or technical problems will occur. The Company cannot guarantee that the construction of the Plant will complete or that such project would be profitable. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update forward looking information or statements, other than as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.