Hunter Technologies Announces Application for Administration Cease Trade Buy

Hunter Technology Corp.

VANCOUVER, British Columbia, April 18, 2022 (Globe NEWSWIRE) — Hunter Engineering Corp. (TSX- V: HOC OTCQB: HOILF WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (“Hunter” or the “Corporation”) announces that it has manufactured an software to the British Columbia Securities Commission to approve a temporary management cease trade get (“MCTO“) beneath National Policy 12-203 – Cease Trade Orders for Ongoing Disclosure Defaults (“NP 12-203“), which, if granted, will prohibit investing in securities of the Corporation by the Main Govt Officer and Chief Fiscal Officer of the Company right until this sort of time as the Needed Filings (described below) and all continual disclosure demands have been submitted by the Company, and the MCTO has been lifted. All through the period of time in which the MCTO is successful, the common general public, who are not insiders of the Corporation, will carry on to be able to trade in the Organizations stated securities. The MCTO application has been manufactured but there is no guarantee or assurance that the MCTO will be granted.

The Company expects it will be unable to file its audited money statements for the year ended December 31, 2021, and the management’s discussion and assessment and associated Main Government Officer and Main Financial Officer certificates for this period (collectively, the “Needed Filings“) right before the Could 2, 2022 filing deadline (the “Submitting Deadline“).

The Corporation’s failure to file its Expected Filings by the Submitting Deadline is thanks to a blend of components, which include the latest resignation of the Corporation’s Chief Money Officer with finishing the Essential Filings, and to different distant function setting improvements for the Corporation, such as eliminating the Corporation’s physical office and changing the Corporation’s function platform and IT support company which triggered delays for the Corporation’s accounting section.

The Corporation anticipates that it will be in a placement to remedy the default by filing the Expected Filings on or about June 30, 2022. The MCTO will be in impact until finally the Expected Filings are filed.

The Company intends to satisfy the provisions of the choice details rules set out in sections 9 and 10 of NP 12-203 so lengthy as the Demanded Filings are exceptional.

About Hunter Technologies Corp.

Hunter Technological know-how Corp. is a blockchain market enterprise that has made proprietary technologies that digitalise and streamline transaction lifecycles for underserved and inefficient marketplaces. With its Hunter Marketplace Options (“HMS”) product or service, the Corporation supports the creation of customised marketplaces and improved information analytics capabilities that supply a lot more favourable economics and reasonable current market entry for all, as properly as supporting quite a few ESG opportunities through transactional ecosystems. The initially this sort of HMS-run answer is OilEx, which will connect independent oil producers, consumers, and traders in a trusted digital marketplace to enhance costs, simplify processes, boost transparency, and assist a decreased carbon footprint.

ON BEHALF OF THE BOARD OF Administrators
Dr. Konstantinos Ghertsos
Chief Executive Officer
(778) 655-920

Neither the TSX Undertaking Exchange Inc. (“Exchange”) nor its regulation expert services supplier (as that time period is described in the guidelines of the Trade) accepts obligation for the adequacy or accuracy of this press launch.

Forward Looking Statements

This news release consists of ahead-seeking statements relating to the anticipated timing of the filing of the Demanded Filings. There can be no assurance that these statements will demonstrate to be precise and actual benefits and long term gatherings could differ materially from those predicted in such statements. Essential things that could cause precise effects to differ materially from the Corporation’s anticipations are pitfalls in-depth from time to time in the filings built by the Company with securities rules. Ahead-looking statements contained in this information release are expressly certified by this cautionary assertion. The ahead-wanting statements contained in this information release are created as of the date of this news release and the Corporation will only update or revise publicly any of the included forward-looking statements as expressly necessary by Canadian securities legislation.