Mr. D. Barry Lee reports
WORLDWIDE ANNOUNCES REINSTATEMENT OF TRADING ON NEX BOARD
Following a successful
reinstatement review by the TSX Venture Exchange,
Worldwide Resources Corp.'s common shares are
expected to be reinstated for trading on the NEX board of the TSX-V at market open on Oct. 6, 2023,
under the symbol WR.H.
The common shares were previously listed for trading on the TSX-V, but during the year ended Dec.
31, 2016, the company relinquished title to the mineral claims comprising the Horden Lake copper project
to the company's senior secured lender and thereby failed to meet the TSX-V's continued listing
requirements (as that term is defined in the policies of the TSX-V). The company's listing was subsequently
transferred from the TSX-V to the NEX board, and the common shares suspended from trading.
Corporate update
As described in the company's most recent management's discussion and analysis for the period ended
June 30, 2023, the company has nominal assets, significant liabilities and no current exploration plans.
The company no longer owns or controls any mineral properties or related assets.
The company's inability to secure financing, its significant cumulative operating losses and working capital
deficiency, its lack of exploration and evaluation assets, and its non-compliance with respect to certain of its
loans payable each cast significant doubt upon the company's ability to continue as a going concern.
Current business strategy
The company remains focused on identifying and acquiring base and precious metal assets for exploration
and development. The company's management team has significant experience in exploration, discovery,
development and mine production, and is seeking to add significant value to mineral assets through
strategic acquisitions and a process-driven business plan.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.