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Disclosure Filing for Year Ended December 31, 2019



x-Alpha Peak Leisure Inc.
 

Richmond, BC - TheNewswire – April 29, 2020:  Alpha Peak Leisure Inc. (NEX:AAP.H) (“Alpha Peak” or the “Company”) announced today that on March 18, 2020, the Canadian Securities Administrators issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic.  As such the British Columbia Securities Commission has enacted BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements.

The Company will be relying on this extension period due to delays experienced as result of the COVID-19 pandemic.  Alpha Peak will be relying on the temporary exemption pursuant to BC Instrument 51- 515 in respect to the following provisions:

 

- the requirement to file audited financial statements for the year ended December 31, 2019 (the “Financial Statements”) within 120 days of the Company's financial year end as required by section 4.2(b) of NI 51-102;

 

- the requirement to file management discussion and analysis (the MD&A”) for the period covered by the Financial Statements within 120 days of the Company's financial year end as required by section 5.1(2) of NI 51-102; and

 

- the requirement to file certifications of the Financial Statements (the Certificates" and together with the Financial Statements and the MD&A, the Annual Filings”) pursuant to section 4.1 of National Instrument 52-109.Section 4.2(b) [filing deadline for annual financial statements] National Instrument 51-102.

 

The Company is continuing to work diligently and expeditiously with its auditors to file the Annual Filings on or before June 14, 2020.   In the interim, management and other insiders of the Company are subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Company confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those disclosed through news releases.

For more information, please contact:

Jin Huang, Corporate Secretary

Telephone: (86) 1376173979

Email: jin.huang@alphapeak.ca

 

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

Forward-Looking Information

Except for statements of historical fact contained herein, information in this press release may constitute “forward-looking information” within the meaning of Canadian securities laws. Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are “forward-looking statements”, including with respect to the receipt of regulatory and other approvals, the satisfaction of conditions precedent to closing of the Transaction, the payment of the Distribution, the Distribution Record Date, the ability of Alpha Peak to implement the Distribution, Stated Capital Reduction and Transaction on the terms described or at all, as well as the financial condition and status of Alpha Peak after the Transaction. There can be no assurance that such statements will prove accurate. Capitalized terms used and not otherwise defined herein have the meanings given to them in the management information circular dated December 21, 2018 (“Circular”).

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Alpha Peak in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, including, without limitation, the risk factors set out in the Circular, and undue reliance should not be placed on such statements and information. Except as otherwise required by applicable law, Alpha Peak expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.