Enssolutions Group Inc. Announces Revocation of Cease Trade Orders

TORONTO, June 20, 2017 (GLOBE NEWSWIRE) — Enssolutions Group Inc. (TSXV:ENV.H) (OTC Pink Sheets:NSLSF) (“Enssolutions” or the “Company”), a manufacturer and distributor of environmentally responsible emulsion products for a wide variety of industrial and commercial market demands, announced today that the Ontario Securities Commission, British Columbia Securities Commission and Alberta Securities Commission have revoked their respective cease trade orders relating to the Company’s securities, effective June 19, 2017.

Enssolutions is in the process of submitting an application to the TSX Venture Exchange for reinstatement of trading of its common shares.

The cease trade orders were issued in Ontario and British Columbia as a result of the Company’s delay in filing its audited financial statements for the year ended December 31, 2014, the related management discussion and analysis (the “MD&A”) and the related certifications of filings under National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings (“NI 52-109”).  The cease trade order was issued in Alberta as a result of the Company’s delay in filing its Annual Financial Statements, the related MD&A, the related certifications of filings under NI 52-109, as well as its interim financial statements, related MD&A and related certifications of filings under NI 52-109 for the three-month period ended March 31, 2015.

On November 4, 2015, Enssolutions filed its audited financial statements for the year ended December 31, 2014, related MD&A and related certifications of filings under NI 52-109, and subsequently on December 10, 2015, the Company filed its interim financial statements, related MD&A and related certifications of filings under NI 52-109 for the three-month period ended March 31, 2015, the three and six month periods ended June 30, 2015, and the three and nine month periods ended September 30, 2015. 

Enssolutions has since remained current and timely in its continuous disclosure filings. In particular:

  • On April 29, 2016, Enssolutions filed its audited annual financial statements for the year ended December 31, 2015, related MD&A and related certifications of filings under NI 52-109.
  • On May 19, 2016, Enssolutions filed its interim financial statements for the three-month period ended March 31, 2016, related MD&A – Quarterly Highlights and the related certifications of filings under NI 52-109.
  • On June 14, 2016, Enssolutions refiled its interim financial statements for the three-month period ended March 31, 2016, related MD&A – Quarterly Highlights and the related certifications of filings under NI 52-109.
  • On August 26, 2016, Enssolutions filed its interim financial statements for the three and six-month periods ended June 30, 2016, related MD&A – Quarterly Highlights and the related certifications of filings under NI 52-109.
  • On November 18, 2016, Enssolutions filed its interim financial statements for the three and nine-month periods ended September 30, 2016, related MD&A – Quarterly Highlights and the related certifications of filings under NI 52-109.
  • On March 24, 2017, Enssolutions refiled its MD&A for the year ended December 31, 2015 and the related certifications of filings under NI 52-109.
  • On April 21, 2017, Enssolutions filed its audited annual financial statements for the year ended December 31, 2016, related MD&A and the related certifications of filings under NI 52-109.
  • On May 30, 2017, Enssolutions filed its interim financial statements for the three month period ended March 31, 2017, related MD&A – Quarterly Highlights and the related certifications of filings under NI 52-109.

Copies of all of the foregoing documentation are available at www.sedar.com.

About Enssolutions

Enssolutions manufactures, distributes and applies environmentally responsible products to meet a wide variety of industrial and commercial market demands. Enssolutions provides engineered environmental solutions for mine tailings control, process dust and erosion control, granular stabilization, road construction/maintenance and stockpile sealing. It has production facilities in Hamilton, Ontario and Phoenix, Arizona that service some of North America’s largest mining, steel, cement, and road construction/maintenance companies as well as numerous public road authorities.

For more information on Enssolutions, please visit www.enssolutions.com.

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT: For Further Information:

James D. Staudohar
President and Chief Executive Officer
Tel: (877) 520-6767
Email: jims@enssolutions.com

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