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Future Farm Provides Default Status Update
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July 12, 2017 / TheNewswire / Vancouver, British Columbia – Future Farm Technologies Inc. (the “Company”) (CSE: FFT) (OTCQB: FFRMF) announces that it remains unable to file its 2017 annual audited financial statements (the “Annual FS”), its related management’s discussion and analysis (the “Annual MD&A”), and CEO and CFO certifications (collectively, the “Required Filings”), which were due on or before June 28, 2017. The Company confirms that it was granted a voluntary management cease trade order by the British Columbia Securities Commission on June 29, 2017.
The Annual FS and Annual MD&A have been prepared, but the associated audit work remains ongoing and the Company is unable to file such materials until the audit has been completed. The Company expects the audit to be completed in the next week, and anticipates being in a position to file the Annual FS and Annual MD&A during the week of July 17th.
The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in section 4.3 and 4.4 of National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults for so long as it remains in default of the requirement to file the Required Filings. The Company confirms it has not taken any steps towards any insolvency proceeding and it has no material information to release to the public at this time. The Company has made the foregoing representations in accordance with the requirements of applicable securities laws.
For further information, contact William Gildea at 617.834.9467. On behalf of the Board,
William Gildea, Chief Executive Officer
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the Canadian Securities Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.