Caribbean Diversified Investments Inc.

December 30, 2013 10:41 ET

Caribbean Diversified Investments Inc. Announces Delay in Filing of Audited Financial Statements

TORONTO, ONTARIO--(Marketwired - Dec. 30, 2013) - Caribbean Diversified Investments Inc. (formerly 0924885 B.C. Ltd.) (CNSX:HDC) ("CDI" or the "Company") wishes to advise that there will be a delay in the filing of its audited financial statements, MD&A and AIF for the year ended August 31, 2013 (the "Financial Disclosure") which were due to be filed on or before December 30, 2013 pursuant to relevant securities laws. The delay is as a result of delays in the completion of a financing transaction.

The Company intends to work diligently to file the Financial Disclosure as soon as possible and it has applied for a Management Cease Trade Order ("MCTO") under National Policy 12-203 (the "Policy") pending the filing of the Financial Disclosure on SEDAR. The granting of an MCTO is at the discretion of the British Columbia Securities Commission and there can be no guarantee that an MCTO will be granted.

If an MCTO is granted under the Policy, it will be imposed against some or all of the persons who have been directors, officers or insiders of the Company instead of a cease trade order being imposed against all securities of the Company. An MCTO would not generally affect the ability of persons who have not been directors, officers or insiders of the Company to trade the securities of the Company pending the filing of the Financial Disclosure on SEDAR.

If the MCTO is granted, the Company intends to satisfy the provisions of the Alternate Information Guidelines as set out in the Policy for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a press release.

The Company is confident that the Financial Disclosure will be filed in the next 30 days.

Contact Information

  • Caribbean Diversified Investments Inc.
    Christopher Malone
    (416) 816-4803