Subject: News Release - Darelle Online Solutions Inc.
PDF Document
File: Attachment DOSI PR - March 24 2025 (TSX CLR).pdf
News
FOR IMMEDIATE RELEASE
Darelle Online Solutions Inc. Receives TSXV Notice Regarding Continued Listing
Requirements and Potential Transfer to NEX
Vancouver, B.C. March 24, 2025 ("darelle" and/or the "Company") (TSXV: "DAR")
announces that it has received a notice (the "Notice") from the TSX Venture Exchange
("TSXV" or the "Exchange") indicating that the Company does not currently meet the
Continued Listing Requirements ("CLR") for a Tier 2 Technology Issuer, specifically with
respect to working capital.
Pursuant to Exchange Policy 2.5, Section 3.2(b), the Exchange has placed the
Company on notice for a possible transfer of its listing from the TSXV Tier 2 to the NEX
board. The Company has been provided a 90-day notice period, ending on June 20,
2025 (the "Deadline"), to demonstrate that it meets all applicable Tier 2 CLR.
Should the Company be unable to demonstrate compliance with the CLR by the
Deadline, and does not submit evidence of a qualifying proposed transaction to the
satisfaction of the Exchange, the Company's listing will be transferred to the NEX board
without further notice.
In the interim, the Company continues to assess its options and evaluate potential
strategies to address the deficiencies and to maintain its TSXV Tier 2 listing. The
Company is committed to working with the Exchange to address the outstanding
matters within the prescribed timeline.
Further updates will be provided as developments occur.
About Darelle Online Solutions Inc.
Darelle Online Solutions Inc. is a British Columbia corporation with its head office in
Vancouver, British Columbia. darelle.com is an online marketplace which has
developed a platform in which charitable and nonprofit organizations can create, sell,
deliver, and manage their raffle ticket and 50/50 draws completely online. The Company
is listed on the TSX Venture Exchange as a Tier 2 Technology Issuer. The Company
has a total of 2,456,939 common shares issued and outstanding.
Additional information on the company can be found at www.darelle.com
For Further Information, Contact:
Dean Bethune
President & CEO
Phone (778) 840-3325
Email: dbethune@darelle.com
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Certain statements in this release are forward-looking statements. Forward-looking
statements consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations, or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause actual results,
performance, or developments to differ materially from those contained in the
statements. No assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what benefits the Company
will obtain from them. These forward-looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions which may
prove to be incorrect. A number of risks and uncertainties could cause our actual results
to differ materially from those expressed or implied by the forward-looking statements,
as well as other factors beyond the Company's control. These forward-looking
statements are made as of the date of this news release.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
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