TORONTO, April 20, 2018 (GLOBE NEWSWIRE) -- Compel Capital Inc. (the "Company") is pleased to announce that it has obtained an order from the Ontario Securities Commission revoking the cease-trade order issued by it on May 5, 2017 for the Company’s failure to file its audited annual financial statements for the fiscal year ended December 31, 2016 ("Audited Annual Financial Statements"), related management's discussion and analysis ("MD&A") and certificates under Multilateral Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings ("MI 52-109 Certificates").
The Company also announces that it has filed on SEDAR its Audited Annual Financial Statements (including for the financial year ended December 31, 2017) and Interim Financial Statements, and related MD&A and MI 52-109 Certificates, all of which can be found under the Company's profile at www.sedar.com.
An annual general meeting is scheduled to be held on July 12, 2018 (the "Meeting"). In respect of the Meeting, the Company will prepare and distribute to its shareholders a management information circular in accordance with the requirements of Form 51-102F5 (Information Circular) of National Instrument 51-102 – Continuous Disclosure Obligations.
The Common Shares of the Company are currently not listed or quoted on any exchange or market in Canada or elsewhere.
Effective April 2, 2018, the board of directors and management of the Company is now comprised of the following persons: Myra Bongard, President, Chief Executive Officer and Director; Andrew Lindzon, Chief Financial Officer and Director; Michael Frank, Director; and David Posner, Director. The appointment of these new directors will be confirmed at the Meeting.
The Company does not currently have any definitive plans in place for the operation of the business going forward. Management of the Company will provide updates as they become available.
For further information, please contact:
Andrew Lindzon
Chief Financial Officer and Director
Telephone No. (416) 402-2428