Once the delisting of the Ordinary Shares has taken place, it will no longer be possible to effect transactions involving the Ordinary Shares on the TSXV, which will impact the liquidity of the Ordinary Shares. Upon receipt of TSXV and shareholder approval, the TSXV will issue a bulletin confirming the effective time of the delisting of the Ordinary Shares. Following the delisting, the Company intends to make an application to the applicable Canadian securities regulatory authorities to cease to be a reporting issuer in each Canadian jurisdiction in which it is a reporting issuer.
The delisting of the Ordinary Shares is subject to the Company receiving approval from the TSXV and majority of minority shareholder approval. The Company expects to obtain such approval by way of written consent from the requisite number of shareholders.
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Cautionary Notes
Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the completion of the delisting of the Ordinary Shares, the application to cease to be a reporting issuer, the Company's future financial position and results of operations, strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.
Additional factors that could cause actual results, performance or achievements to differ materially are set out under the heading "Risks and Uncertainties" in the Company's final long form prospectus dated
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