Financing News
CSE Bulletin: Resumption and Symbol Change – Inactive Designation – Nexco Resources Inc. (NXU)
Toronto, Ontario–(Newsfile Corp. – le 23 mars/March 2023) – Nexco Resources Inc. (the “Issuer”) was halted on May 21, 2021, following the announcement…
Toronto, Ontario–(Newsfile Corp. – le 23 mars/March 2023) – Nexco Resources Inc. (the “Issuer”) was halted on May 21, 2021, following the announcement of the proposed agreement with Soter Technologies, LLC, which would have been a Fundamental Change pursuant to CSE Policy 8. The Issuer has subsequently announced the termination of the agreement.
The Exchange has determined that the Issuer has not met the continued listing requirements as set out in CSE Policy 2, Appendix A section 2.9.
Pursuant to Policy 6 section 2.4, the Issuer may not rely on confidential price protection, nor may the Issuer complete any financing without prior Exchange approval.
In accordance with Policy 3, section 5.1, the .X extension is added to the listed securities of Issuers that the Exchange has deemed to be inactive.
The issuer will resume trading on March 24, 2023.
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Nexco Resources Inc. (l’« émetteur ») a été interrompu le 21 mai 2021, à la suite de l’annonce de l’accord proposé avec Soter Technologies, LLC, qui aurait constitué un changement fondamental conformément à la politique 8 du CSE.
La Bourse a déterminé que l’émetteur n’a pas satisfait aux exigences d’inscription continue énoncées dans la politique 2 du CSE, annexe A, section 2.9.
Conformément à la section 2.4 de la politique 6, l’émetteur ne peut pas se fier à la protection confidentielle des prix, ni conclure un financement sans l’approbation préalable de la Bourse.
Conformément à la politique 3, section 5.1, l’extension .X est ajoutée aux titres cotés des émetteurs que la Bourse a jugés inactifs.
L’émetteur reprendra ses activités le 24 mars 2023.
| Issuer/ Emetteur: | Nexco Resources Inc. |
| Old symbol/Vieux symbole: | NXU |
| New symbol/ Nouveau symbole: | NXU.X |
| Effective Date/ Date effective: | le 24 mars/March 2023 |
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