Effective at the close of business on Tuesday, Nov. 16, 2021, the common shares of the company will be delisted from the TSX Venture Exchange at the request of the company. The company obtained majority of minority shareholder approval to proceed with the delist in accordance with Section 4.3 of Policy 2.9. Certain securities held by non-arm's-length parties to the capital pool company will immediately be cancelled in accordance with the requirements of Policy 2.4.
In accordance with the requirements of Policy 2.4, the company must, within 90 days from the date of delist, wind up and liquidate the company's assets, and distribute its remaining assets, on a pro rata basis, to its shareholders, unless, within that 90-day period following delisting, the shareholders of the company approve another use of the remaining assets (with the votes of non-arm's-length parties to the CPC being excluded from this approval).
Trading in the company's shares will remain halted while the company remains listed on the exchange.
Please refer to the company's news releases dated Nov. 3, 2021, and Nov. 15, 2021, for further details.
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