Sportscene Group - Extension of Second Quarter 2020 Document Filings

MONTREAL, April 17, 2020 /CNW Telbec/ - Sportscene Group Inc. ("Sportscene" or "the Company") (TSX-V: SPS.A) today announces that it will rely on the blanket relief allowing it to extend the regulatory filings of its interim documents for the second quarter of fiscal 2020, due do the effects of the COVID-19 pandemic.

Considering the exemptions allowed by Canadian securities regulators, Sportscene will delay the regulatory filings of its interim consolidated financial statements, interim management discussion and analysis and interim certifications for the second quarter ended February 23, 2020. These filings are expected to occur on or about May 7, 2020.

All important events related to the Company's activities since the publication of its last regulatory interim filings which occurred on January 14, 2020, have been disclosed by way of press releases issued on March 18, 2020 and March 31, 2020. No other important event has occurred since the publication of these press releases.

Directors, management and other insiders of the Company are subject to a cease trade policy which is currently in effect and will expire at the end of the second business day following the filing of the Company's interim documents for the second quarter of the current financial year.

Disclaimer

This press release contains forward-looking statements relating to the Company. Statements based on management's current expectations contain known and unknown inherent risks and uncertainties, including risks associated with public health issues such as those resulting from the COVID-19 pandemic. Actual results may vary from expectations. The reader is cautioned not to place undue reliance on forward-looking information. The Company does not undertake any obligation to update or revise any forward-looking statements as a result of new information, future events and other changes, except if required by applicable laws.

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

Profile

Sportscene Group Inc. is a pioneer and a leader in the ambiance restaurant niche in Quebec. Since 1984, it has been operating the restaurant chain La Cage – Brasserie sportive (« La Cage »), which differentiates itself by its sporting ambiance and food offering made from fresh, local products. Enjoying a strong brand image, the La Cage banner is present throughout the province and comprises 41 outlets at the date hereof. Sportscene is diversifying its restaurant activities through its operation of the Moishes steakhouse, of a breakfast restaurant L'Avenue, of an Asian cuisine restaurant P.F. Chang's and of its catering business for special events, thus becoming a significant player in Quebec's restaurant industry. Besides its restaurant operations, Sportscene is active in the sale of La Cage and Moishes branded products in grocery stores and of ready-to-eat meals.

SOURCE Sportscene Group Inc.

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