UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the
month of April
2020
Commission
File Number: 000-52145
DIGATRADE FINANCIAL CORP
(Translation
of registrant's name into English)
1500 West Georgia Street, Suite 1300
Vancouver, BC V6G-2Z6
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
[
X ] Form
20-F [ ] Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate
by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
[ ]
No [ x ]
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
000-52145
SUBMITTED HEREWITH
DIGATRADE PROVIDES UPDATE ON COVID-19 MATTERS AND FILING EXTENSION
REQUEST OF ITS ANNUAL FINANCIAL STATEMENTS
Vancouver, British Columbia / ACCESSWIRE / April 29, 2020
- DIGATRADE FINANCIAL CORP
(OTC.PK: DIGAF), www.DigatradeFinancial.com a
financial technology services company, and its subsidiary Securter
Systems Inc., provides today an
update on COVID-19 matters and an update on the status of the
filing of its annual financial statements and accompanying
management's discussion and analysis, and related CEO and CFO
certifications for the financial year ended December 31,
2019.
The COVID-19 pandemic is creating unprecedented challenges to the
global economy and stock markets. Digatrade’s Board of
Directors and Management are taking all necessary precautions to
ensure the health of its employees and best manage the short-term
challenges to the business.
On March 18, 2020, the Canadian Securities Administrators ("CSA")
issued a notice stating that securities regulators will be
providing coordinated relief consisting of a 45-day extension for
certain periodic filings required to be made on or prior to June 1,
2020 as a result of the COVID-19 pandemic. As such the Ontario
Securities Commission ("OSC") has enacted Ontario Instrument
51-502 Temporary Exemption from
Certain Corporate Finance Requirements ("OSC 51-502"). Digatrade will be relying on
this extension period due to delays experienced as result of the
COVID-19 pandemic.
In Canada; Digatrade will be relying on the temporary exemption
pursuant to BCI 51-515 in respect to the following
provisions:
●
the
requirement to file audited financial statements for the year ended
December 31, 2019 (the "Annual Financial Statements") within 120
days of Digatrade’s financial year end as required by section
4.2(b) of NI 51-102;
●
the
requirement to file interim financial statements for the 3-month
period ended March 31, 2020 (the "Interim Financial Statements")
within 60 days of Digatrade’s first quarter as required by
section 4.4(b) of NI 51-102
●
the
requirement to file management discussion and analysis (the "Annual
MD&A") for the period covered by the Annual Financial
Statements within 120 days of Digatrade’s financial year end
as required by section 5.1(2) of NI 51-102;
●
the
requirement to file management discussion and analysis (the
"Interim MD&A") for the period covered by the Interim Financial
Statements within 60 days of Digatrade’s first quarter as
required by section 5.1(2) of NI 51-102;
●
the
requirement to file certifications of the Annual Financial
Statements (the "Certificates" and together with the Annual
Financial Statements, the "Annual Filings") pursuant to section 4.1
of National Instrument 52-109.Section 4.2(b) [filing deadline for
annual financial statements] National Instrument 51-102;
and
●
the
requirement to file certifications of the Interim Financial
Statements (the "Certificates" and together with the Interim
Financial Statements, the "Interim Filings") pursuant to section
5.1 of National Instrument 52-109. Section 4.2(b) [filing deadline
for interim financial statements] National Instrument
51-102.
Digatrade is continuing to work diligently and expeditiously with
its auditors to file the Annual Filings and Interim Filings
together on or before June 14, 2020. In the interim, management and
other insiders of Digatrade are subject to a trading black-out
policy as described, in principle, in section 9 of National Policy
11-207, Failure to File Cease Trade
Orders and Revocations in Multiple Jurisdictions. Digatrade confirms that since the filing of its
interim consolidated financial statements for the period ended
September 30, 2019, there have been no material business
developments other than those disclosed through news
releases.
Further
information will be made available as it materializes.
ABOUT DIGATRADE
DIGATRADE is a Financial Technology “fintech” services
company. Digatrade is developing various payment industry process
improvements that are proprietary. They represent a next generation
platform for security and convenience in a variety of modalities,
including online credit card payment system, globally, through its
new subsidiary; Securter Systems, Inc. Digatrade is targeting
numerous fintech service licensing vehicles, also including
blockchain derived applications. Digatrade Financial Corp. is
located in Vancouver, British Columbia, and publicly listed on the
OTC.PK under the trading symbol DIGAF. DIGAF is a reporting
issuer in the Province of British Columbia, Canada with the British
Columbia Securities Commission "BCSC" and in the United States with
the Securities Exchange Commission "SEC".
ABOUT SECURTER
Securter Systems, Inc. is a subsidiary of Digatrade Financial Corp.
that is developing proprietary, patent-pending credit card payment
platform innovations to increase the security of online credit card
payment processing, globally. Securter technology reduces immense
losses by financial institutions and merchants that arise from
fraudulent credit card use. Securter technology also protects
cardholder privacy by eliminating the need to distribute credit
card details to multiple commercial 3rd
parties, where such information is
ordinarily stored, becoming vulnerable to theft or manipulation.
Securter technology can and will be integrated into complementary
payment methods and fintech protocols, including cryptocurrency and
other blockchain derivatives to come for independent platforms.
Securter has internal R&D capability and management as well as
external fintech business relationships to support
Digatrade’s overall business mission.
CORPORATE CONTACT INFORMATION:
Digatrade
Financial Corp
1500
West Georgia Street, 1300
Vancouver,
BC V6G 2Z6 Canada
Tel:
+1(604) 200-0071
Fax:
+1(604) 200-0072
www.DigatradeFinancial.com
Investors@Digatrade.com
Forward-Looking Information
This press release contains certain “forward-looking
information”. All statements, other than statements of
historical fact, that address activities, events or development
that the Company believes, expects or anticipates will or may occur
in the future constitute forward-looking information. This
forward-looking information reflects the current expectations or
beliefs of the company based on information currently available to
the Company. Forward-looking information is subject to a number of
significant risks and uncertainties and other factors that may
cause the actual results of the Company to differ materially from
those discussed in the forward-looking information, and even if
such actual results are realized or substantially realized, there
can be no assurance that they will have the expected consequences
to, or effects on the Company. Factors that could cause actual
results or events to differ materially from current expectations
include, but are not limited to, the possibility of unanticipated
costs and expenses. Technology development may be delayed
indefinitely until the Company is able to raise the necessary
capital. Any forward-looking information speaks only as of the date
on which it is made and, except as may be required by applicable
securities laws, the company disclaims any intent or obligation to
update any forward-looking information whether as a result of new
information, future events or results or otherwise. Although the
Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Digatrade
Financial Corp
(Registrant)
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Date: April 29,
2020
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By:
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/s/ Brad J.
Moynes
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Name:
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Brad J.
Moynes
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Title:
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CEO
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