The TSX Venture Exchange has accepted for filing documentation relating to a purchase agreement dated March 3, 2017, between an arm's-length party (the purchaser) and OneRoof Energy Group Inc. Pursuant to the agreement, the company shall dispose of its direct and indirect interests in various solar project portfolios containing approximately 747 residential solar systems, and related leases and power purchase agreements.
As consideration, the company shall receive $5,753,700 (U.S.).
For more information, please refer to the company's news release dated March 8, 2017, and the company's management information circular dated March 20, 2017, available under the company's SEDAR profile.
In accordance with TSX Venture Exchange Policy 2.5, continued listing requirements and intertier movements, the company does not meet continued listing requirements. Therefore, effective at the opening on Tuesday, April 25, 2017, the company's listing will transfer to the NEX, the company's tier classification will change from Tier 2 to the NEX, and the filing and service office will change from Toronto to the NEX. The trading symbol for the company will change from ON to ON.H. There is no change in the company's name, no change in its Cusip number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture Exchange market.
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