CALGARY, Alberta--(BUSINESS WIRE)--Walton Westphalia Development Corporation (the “Corporation”) is pleased to announce the revocation of the cease trade order ("CTO") previously issued by the Alberta Securities Commission and the Ontario Securities Commission (the "Commissions") on May 4, 2018, and disclosed in the Corporation's press release dated May 9, 2018. The CTO was issued as the Corporation did not file its financial statements for the fiscal year-ended December 31, 2017, the related management’s discussion and analysis and its officer certifications for the fiscal year-ended December 31, 2017 (collectively, the "Annual Filings") by April 30, 2018. The Corporation rectified the continuous disclosure default and completed the filing of its Annual Filings on May 9, 2018, and the Commissions revoked the CTO on May 11, 2018 as a result of the filings.
The Corporation is managed by Walton Global Investment Ltd. and the development of the Project is managed by Walton Development & Management (USA), Inc., both of which are members of the Walton Group of Companies.
The Walton Group of Companies (“Walton”) is a multinational real estate investment, planning, and development group concentrating on the research, acquisition, administration, planning and development of strategically located land in major North American growth corridors.
Its communities are comprehensively designed in collaboration with local residents for the benefit of community stakeholders. Its goal is to build communities that will stand the test of time: hometowns for present and future generations.
This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This news release contains forward looking information, and actual future results may differ from what is disclosed in this news release. The risks, uncertainties and other factors that could influence results are described in the prospectus and other documents filed with Canadian securities regulatory authorities and available online at www.sedar.com.