Nexera Energy Announces Continued Reliance on Financial Statement Filing Exemption

Source Company Press Release
Company Nexera Energy Inc.
Tags Corporate: Overview/Strategy, Country: Canada, United States
Date June 01, 2020

Nexera Energy Inc. (TSXV:NGY)(OTC PINK:EMBYF) (formerly Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation", the "Company" or "Nexera") announces that pursuant to the blanket relief granted by the Canadian Securities Administrators, it has not filed its annual financial statements for the year ended December 31, 2019, and the related management's discussion and analysis, as required by Parts 4 and 5 of National Instrument 51-102 - Continuous Disclosure Obligations (collectively, the "Annual Filings") by the filing deadline of April 29, 2020. See press release dated April 28, 2020.

Other than as disclosed in the Company's press releases, there have not been any material business developments since April 28, 2020.

The Company expects to report its Annual Filings results on or about June 15, 2020, and is afforded a postponement of up to a maximum 45-day extension pursuant to blanket relief for all market participants granted by the Canadian Securities Administrators.

The Company confirms that its management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, such that they are in a black-out period until the commencement of the second trading day after the Annual Filings have been disclosed by way of a news release.

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