Vancouver, BC. – February 14, 2022 – TUT Fitness Group Inc. (“TUT” or the “Company”) (TSX.V:GYM) announces that the British Columbia Securities Commission (“BCSC”) has fully revoked the Management Cease Trade Order (“MCTO”) it had previously granted the Company on January 31, 2022.
The MCTO was granted in connection with the Company’s anticipated filings of its Annual Audited Financial Statements, Management Discussion and Analysis, and related officer certifications for the financial year ended September 30, 2021, which were originally due January 31, 2022. The Company publicly disclosed that the delay in filing was due to unexpected delays experienced by the Company and auditors in completing the first audited financials since the Company’s completion of a reverse takeover in September 2021, as disclosed in the Company’s continuous disclosure filings and TSX Venture
Exchange form of filing statement filed on September 21, 2021. The Company itself applied for the MCTO in order to forfeit management trades so that other shareholders could continue to trade while it organized the necessary filings.
The Company has now successfully completed all necessary filings for its Annual Financials. Revoking the MCTO means members of management are no longer prevented from trading the Company’s common shares. The Company’s Annual Financials are now publicly available on SEDAR (sedar.com).
ON BEHALF OF THE BOARD OF DIRECTORS OF TUT Fitness Group Inc.
Robert Smith, CEO
Forward-looking Statements: This news release may contain certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this document include statements regarding the timing of the Company’s annual filings. 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 may differ materially from those in forward-looking statements.
Neither the 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.