Scandoil  

Waldron Energy announces TSX delisting review decision


Published Aug 6, 2015
Waldron Energy Corporation-3

Waldron Energy Corporation says that the Toronto Stock Exchange (the "TSX") has determined to delist the Corporation's common shares effective at the close of market on September 4, 2015 for failure by the Corporation to meet the continued listing requirements of the TSX. The Corporation originally announced on April 8, 2015 that it had received notice that the TSX was reviewing the eligibility of the securities of the Corporation for continued listing on the TSX pursuant to Part VII of the TSX Company Manual.

As previously announced on December 2, 2014, the Corporation has engaged Cormark Securities Inc. as financial advisor in order to pursue the sale of a material portion of the assets of the Corporation, either in one transaction or in a combination of transactions; a merger or other business combination; the outright sale of the Corporation; or some combination thereof (the "Disposition Process"). As the Corporation continues to evaluate proposals and opportunities with interested parties, this ongoing Disposition Process may have a positive impact on the Corporation's ability to demonstrate compliance with the continued listing requirements of TSX before the Corporation's shares are delisted from the TSX at the close of market on September 4, 2015.

Tags: Waldron Energy Corporation




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml