This announcement is made by
Reference is made to the announcements of the Company dated
RESUMPTION GUIDANCE
As stated in the Announcements of the Company, the
RESUMPTION PLAN AND PROGRESS OF IMPLEMENTATION
The Company has been taking active steps to address and comply with the requirements set out in the Resumption Guidance.
BUSINESS UPDATE
The Company produced approximately 0.9 million tonne of coal in the fourth quarter of 2020, representing a 71% increase from the third quarter of 2020. The Company sold approximately 0.9 million tonne of coal in the fourth quarter of 2020, which is similar to the sales volume for the third quarter of 2020.
CONTINUED SUSPENSION OF TRADING
Trading in the common shares of the Company on the
Forward-Looking Statements
Certain information included in this press release that is not current or historical factual information constitutes forward-looking statements or information within the meaning of applicable securities laws (collectively, 'forward-looking statements'), including information about the completion of the revocation of CTO, the TSX Delisting Review Hearing and the application of HKEX trading resumption. Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'could', 'should', 'seek', 'likely', 'estimate' and other similar words or statements that certain events or conditions 'may' or 'will' occur. Forward looking statements are based on certain factors and assumptions including, among other things, the completion of the revocation of CTO, the TSX Delisting Review Hearing and the application of HKEX trading resumption and other similar factors that may cause actual results to differ materially from what the Company currently expects. Actual results may vary from the forward-looking statements. Readers are cautioned not to place undue importance on forward-looking statements, which speaks only as of the date of this disclosure, and not to rely upon this information as of any other date. While the Company may elect to, it is under no obligation and does not undertake to, update or revise any forward-looking statements, whether as a result of new information, further events or otherwise at any particular time, except as required by law. Additional information concerning factors that may cause actual results to materially differ from those in such forward-looking statements is contained in the Company's filings with Canadian securities regulatory authorities and the website of the
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