MIMI’S ROCK ANNOUNCES CEASE TRADE ORDER AND PROVIDES UPDATE TO SHAREHOLDERS ON STATUS OF FINANCIAL STATEMENT FILINGS

TORONTO, Could 9, 2022 /CNW/ – Mimi’s Rock Corp. (the “Firm“) (TSXV: MIMI) (OTCQB: MIMNF) continues to work diligently to finish the submitting of its annual audited monetary statements for the yr ended December 31, 2021 and its associated administration’s dialogue and evaluation, and officer certifications (collectively, the “Required Filings“) which had been resulting from be filed on Could 2, 2022 (the “Submitting Deadline“).

The Firm confirms that the Ontario Securities Fee (the “OSC“) has issued a failure to file stop commerce order in opposition to the Firm (“CTO“) which orders that common buying and selling, whether or not direct or oblique, of the securities of the Firm stop. A duplicate of the CTO has been posted to the OSC web site.

Regardless of the CTO, a useful holder of a safety of the Firm who is just not, and was not as of the date of the CTO, an insider or management individual of the Firm might promote securities of the Firm acquired earlier than the date of the CTO if: (a) the sale is made by way of a “overseas organized regulated market”, as outlined in part 1.1 of the Common Market Integrity Guidelines of the Funding Trade Regulatory Group of Canada; and (b) the sale is made by way of an funding vendor registered in a jurisdiction of Canada in accordance with relevant securities laws. Holders of the Firm’s securities are urged to seek the advice of with their very own funding advisors or authorized counsel in regards to the implications of the CTO.

The Firm doesn’t anticipate an interruption of the operations of the Firm throughout the CTO.

The Firm anticipates that it’s going to full the Required Filings on or earlier than Could 27, 2022. Revocation of the CTO is anticipated to happen inside a number of days after the Required Filings are made. Nonetheless, there isn’t a assurance that the Firm will have the ability to treatment its submitting default and have the CTO lifted in a well timed method or in any respect.

About Mimi’s Rock Corp.:

Mimi’s Rock Corp. (www.mimisrock.com) is a web-based dietary complement and wellness firm which markets and sells its merchandise underneath the Dr. Tobias, All Pure Recommendation and Maritime Naturals model names. The Dr. Tobias model options over 30 merchandise, together with the top-selling Colon 14-Day Cleanse and the #1 promoting Omega 3 Fish Oil on Amazon.com. All Pure Recommendation and Maritime Naturals merchandise deal with pores and skin and sweetness care. Merchandise bought underneath the All Pure and Maritime Naturals model names are made in Canada and registered with Well being Canada and underneath the EU Cosmetics Act. All Pure Recommendation has been featured on BNN as a prime promoting skincare model in Canada, and has been rated the #1 Magnificence Model on Amazon Canada for the previous 4 years.

Ahead-Trying Statements

This information launch incorporates sure “forward-looking statements” or “forward-looking info” (collectively “ahead trying statements”) throughout the which means of relevant Canadian securities legal guidelines. All statements, aside from statements of historic reality, are forward-looking statements and are primarily based on expectations, estimates and projections as on the date of this information launch. Ahead-looking statements can often be recognized by phrases corresponding to “plans”, “continues”, “expects”, “initiatives”, “intends”, “believes”, “anticipates”, “estimates”, “might”, “will”, “potential”, “proposed” and different related phrases, or info that sure occasions or circumstances “might” or “will” happen. Ahead-looking statements on this information launch embrace statements relating to the anticipated timing of submitting the Required Filings, and the anticipated revocation of the CTO following the submitting of the Required Filings. Such forward-looking statements are primarily based on assumptions recognized to administration presently, and are topic to dangers and uncertainties which will trigger precise outcomes, efficiency or developments to vary materially from these contained within the forward-looking statements, together with that the Required Filings will not be accomplished within the time anticipated, that the CTO shall be lifted in a well timed method and different elements past the Firm’s management. No assurance could be provided that any of the occasions anticipated by the forward-looking statements will happen on the phrases or within the time anticipated, or in any respect, or, in the event that they do happen, what advantages the Firm will acquire from them. Readers are cautioned to not place undue reliance on the forward-looking statements on this launch, that are certified of their entirety by these cautionary statements. The Firm is underneath no obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking statements on this launch, whether or not on account of new info, future occasions or in any other case, besides as expressly required by relevant securities legal guidelines.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this information launch.

SOURCE Mimi’s Rock Corp.