DMG Blockchain Files Financial Reports Requesting Trade Ban to be Lifted

DMG Blockchain (TSX Venure: DMGI), a company whose principal operations involve mining blockchains and fraud prevention solutions announced that it has released its audited financial reports ending December 31, 2018. Since February 1, 2019 the Toronto Venture Stock Exchange (TSXV) suspended trading on the company because it did not file its financial results on time. DMG Blockchain is now requesting for the cease trade order to be lifted.

As quoted in the press release:

On February 1, 2019 a Cease Trade Order (“CTO”) was imposed by the British Columbia Securities Commission (“BCSC”) and the Ontario Securities Commission (“OSC”) for failure to file the Company’s Annual Filings for the financial year ended September 30, 2018, beyond the filing deadline of January 28, 2019. The Company’s prior auditors resigned the day before the Company was due to file its Annual Filings, which then required the Company to restart the audit process with a new audit firm causing delays in filing.

In accordance with the terms and conditions of the CTO, the Company filed its Annual Filings and Interim Filings on May 13, 2019 on www.sedar.com. The Company believes it has satisfied all of the terms and conditions of the CTO and has requested that it be lifted by the BCSC and the OSC.

Click here to read the full press release.