Brief: Covalon Delays Filing Of Interim Financial Statements Due To Delays Related To Covid-19

Covalon Technologies

29/05/2020 23:58

May 29 (Reuters) - Covalon Technologies Ltd  COV.V :
    * COVALON DELAYS FILING OF INTERIM FINANCIAL STATEMENTS DUE
TO
DELAYS RELATED TO COVID-19 AND PROVIDES BUSINESS UPDATE
    * COVALON TECHNOLOGIES - AS AT MARCH 31, 2020, CO DID NOT
MEET
SEVERAL OF COVENANTS ASSOCIATED WITH ITS ACQUISITION AND
OPERATING BANKING CREDIT FACILITY
    * COVALON TECHNOLOGIES LTD - MANAGEMENT IS IN CONTINUED
DISCUSSIONS WITH HSBC BANK CANADA REGARDING CO'S ACQUISITION AND
OPERATING BANKING CREDIT FACILITY
    * COVALON TECHNOLOGIES LTD - BEGUN PRODUCTION OF A HAND
SANITIZER
AND ANTIMICROBIAL SPRAY AT ITS FACILITY IN MISSISSAUGA, ONTARIO
    * COVALON TECHNOLOGIES - WORKING WITH HSBC TO OBTAIN WAIVERS
FOR
ANY COVENANTS THAT CO HAS NOT MET & PROJECTS IT WILL BE UNABLE
TO MEET DUE TO COVID-19

Source text for Eikon:  ID:nCNW8mBP8a 
Further company coverage:  COV.V 

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