Lakeview Hotel Investment Corp Update Regarding Management Cease Trade Order and Annual Financial Statements

WINNIPEG, MB, May 21, 2021 /CNW/ - Lakeview Hotel Investment Corp. (TSXV: LHIC) (the "Corporation" or "Lakeview") provides an update further to its news release dated April 28, 2021 with respect to the management cease trade order ("MCTO") issued by to The Manitoba Securities Commission (the "MSC"). The MCTO was issued in connection with the filing of the Corporation's audited annual financial statements for the year ended December 31, 2020 and the related management's discussion and analysis ("MD & A") and certifications (the "Annual Filings").

The Corporation expects to be in a position to file the statements on or before May 25, 2021.

The Corporation is providing this status update in accordance with National Policy  12-203 Management Cease Trade Orders ("NP 12-203"). The Corporation confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued on April 28, 2021 and  there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Corporation's management and other insiders are subject to a trading blackout reflecting the principles contained in section 9 of National Policy 11-207 ? Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions until the Annual Filings have been completed.

About the Corporation

Lakeview Hotel Investment Corp is listed on the TSX Venture Exchange under the symbol "LHR".  Lakeview Hotel Investment Corp receives income from ownership, management and licensing of hotel properties. 

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

SOURCE Lakeview Hotel Investment Corp