Item 8.01 Other Events.
On June 14, 2020, Mirage Energy Corporation (the "Company") will be unable to
meet the filing deadline for its Quarterly Report on Form 10-Q for the period
ending April 30, 2020 ("Quarterly Report") due to circumstances related to
COVID-19. The Company has been unable to over co me the burden of limit ed
access to its facilities and support staff as a result of COVID-19. The Company'
s staff has been mandated to work from home, which has resulted in unforeseen
delays and inefficiencies in the preparation of the Quarterly Report.
The Company is relying on the SEC order under Section 36 of the Securities
Exchange Act of 1934, as a mended (the " Exchange Act"), dated March 25, 2020
(Release No. 34-88465) to extend the due date for the filing of the 10- Q until
July 31, 2020 (45 days after the original due date). The Company will work
diligently to comply with such requirement but, at this time, management
believes that it will need most, if not all of the available extension period.
Supplemental Risk Factor
The Company is supplementing the risk factors previously disclosed in the
Company' s Annual Report on Form 10-K for the year ended July 31, 2019 and its
subsequent Quarterly Reports on Form 10-Q with the following risk factor:
Public health epidemics or outbreaks could adversely impact our business.
In December 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan,
Hubei Province, China. While initially the outbreak was largely concentrated in
China and caused significant disruptions to its economy, it has now spread to
several other countries and infection s have been reported globally. The extent
to which the coronavirus impacts our operations will depend on future
developments, which are highly uncertain and cannot be predicted with
confidence, including the duration of the outbreak, new information which ma y
emerge concerning the severity of the coronavirus and the actions to contain the
coronavirus or treat its impact, among others. In particular, the continued
spread of the coronavirus globally could adversely impact our operations and
could have an adverse impact on our business and our financial results.
Certain of the statements contained in this Current Report on Form 8-K should be
considered forward- looking statements within the meaning of the Securities Act
of 19 33, as amended, the Securities Exchange Act of 1934, as amended, and the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements may be identified by words such as "may," " will," "expect,"
"intend," "anticipate," " believe," "estimate," "plan," "project," "could,"
"should," "would," "continue," "seek," " target," "guidance," " outlook," "if
current trends continue," "optimistic," "forecast" and other similar words. Such
statements include, but are not limited to, statements about the Company's
plans, objectives, expectations, intentions, estimates and strategies for the
future, and other statement s that are not historical facts. These
forward-looking statements are based on the Company' s current objectives,
beliefs and expectations, and they are subject to significant risks and
uncertainties that may ca use actual results and financial position and timing
of certain events to differ materially from the information in the
forward-looking statements. There may be other factors of which the Company is
not currently aware that may affect matter s discussed in the forward-looking
statements and may also cause actual results to differ materially from those
discussed. In particular, the consequences of the COVID-19 outbreak to economic
condition s and the industry in general and the financial posit ion and
operating results of the Company in particular have been material, are changing
rapidly, and cannot be predicted. The Company does not assume any obligation to
publicly update or supplement any forward-looking statement to reflect actual
results, changes in assumptions or changes in other factors affecting these
forward-looking statements other than as required by law. Any forward-look in g
statements speak only as of the date hereof or as of the dates indicated in the
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