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IDC Provides an Update on Application for Management Cease Trade Order



Imaging Dynamics Company, Ltd
  

Calgary, Alberta – TheNewswire - April 19, 2021 – Imaging Dynamics Company Ltd. (“IDC” or the “Company”) (TSXV:IDL) (OTC:IDYLF) announces that further to its press release dated April 12, 2021, the Ontario Securities Commission (the “OSC”) has indicated that it will not continue to review the Company’s application for a Management Cease Trade Order. As a result, the OSC may, in the event the Company’s fails to file its audited annual financial statements, management’s discussion and analysis and related certifications for the year ended December 31, 2020 (the “Annual Filings”), impose a failure-to-file cease trade order pursuant to National Policy 11-207 (“NP 11-207”), which would prohibit trading in all of the securities of IDC.

 

The Company is actively with its auditors to complete the audited annual financial statements for the year ended December 31, 2020, which the Company expects to be completed imminently. IDC's board of directors and its management confirm that they are working expeditiously to meet the Company's continuous disclosure obligations in relation to the Annual Filings.

About Imaging Dynamics Company (IDC):


IDC is a global medical imaging technology provider and innovative force in the high technology growth field of digital radiography (DR). Digital Radiography is a form of X-ray imaging which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images with the use of Flat Panel detectors to enhance the digital image quality and improve the level of healthcare for their patients.

The Company has its corporate office in Toronto, Canada.

 

Visit the IDC web site:  www.imagingdynamics.com

For more information, please contact:
Mr. Neil Yan                                               

Chief Financial Officer

Email: nyan@imagingdynamics.com

1.403.251.9939 Office                                       
1.866.975.6737 Toll Free                               
       

                       

Forward-Looking Information

 

This press release may contain certain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements may be identified by statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Forward-looking statements herein include, but are not limited to, statements regarding the anticipated filing, including the timing thereof, of the Annual Filings, and the possibility of a failure-to-file cease trade order being imposed on the Company. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of Sire, its securities, or financial or operating results (as applicable). Although IDC believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statement has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond IDC’s control. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and are made as of the date hereof. IDC disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

 

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.