PowerTap (NEO: MOVE) (OTC: MOTNF) (FWB: 2K6) recently provided an update on the status of a management cease trade order granted on Sept. 29, 2023, (the “MCTO”) by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order (“NP 12-203”). The company announced, on Sept. 29, 2023, that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management’s discussion and analysis for the fiscal year ended June 30, 2023 (the “annual filings”) beyond the period prescribed under applicable Canadian securities laws. During the MCTO, the general investing public will continue to be able to trade in PowerTap’s listed common shares. However, the company’s CEO and CFO will not be able to trade in its common shares. Further to the status update made on Oct. 27, 2023, the company advised that it continues to search for a successor auditor to be appointed following the resignation of SHIM & Associates LLP and will provide a further update in due course.
To view the full press release, visit https://ibn.fm/JjXyF
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. For more information about the company, visit www.PowerTapcapital.com.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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