Mr. Arnold Kondrat reports
DELRAND DECIDES TO VOLUNTARILY DELIST FROM THE TSX
Delrand Resources Ltd. is voluntarily delisting its common shares from the Toronto Stock Exchange. The company expects to delist from the TSX around Aug. 10, 2015. The company decided to take this action after concluding that the disadvantages of maintaining its listing on the TSX outweighed the benefits to the company and its shareholders. Among the factors considered were the continuing costs and expenses, both direct and indirect, associated with having the company's common shares listed on the TSX. The company believes that continued distress in the minerals sector will result in opportunities that will be beneficial to shareholders and that having regard to current conditions in the minerals sector, the company should for now limit its expenses, of which costs relating to the TSX listing are components. The company is following a prudent strategy and does not want to engage in activities and incur related expenses solely to meet TSX continued listing requirements.
The company intends to make application to list its common shares on the Canadian Securities Exchange.
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