Source: Newsfile Corp

Press Release: Divestco : Divestco Cease Trade Order Issued - Failure to File Annual Financial Statements

Divestco Inc. (TSXV: DVT.H) ("Divestco" or the "Company") announces a cease trade order was issued by the Alberta Securities Commission on May 6, 2019 for failure to file its annual financial statements for the year ended December 31, 2018, including the related management discussion and analysis and annual filing certifications (collectively, the "Annual Filings"). The Annual Filings were required to be filed by April 30, 2019. As previously announced, on March 4, 2019 Divestco obtained creditor protection under the Companies' Creditors Arrangement Act (the "CCAA") pursuant to an initial order granted by the Court of Queen's Bench Alberta (the "Court"). On March 26, 2019, the Company obtained a further Court order approving the sales solicitation process ("SSP") that commenced marketing on April 1, 2019 and officially closed on April 30, 2019. The Company

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Est. Annual Revenue
$5.0-25M
Est. Employees
250-500
Stephen Popadynetz's photo - CEO of Divestco

CEO

Stephen Popadynetz

CEO Approval Rating

69/100

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