Business
African Metals Corporation Announces Resumption of Trading
(TheNewswire) TORONTO, Ontario – The Newswire – January 3 , 2021 ...
About this update from Afr Nuventure Resources Inc
[{"type":"text","content":"African Metals Corporation Announces Resumption of Trading\n \n \n (TheNewswire)\n \n \n TORONTO, Ontario – The Newswire – January\n \n 3\n \n ,\n2021 – African Metals Corporation (NEX: AFR.H) (“\n \n African Metals\n \n ” or the “\n \n Company\n \n ”) is pleased to announce\nthat the Investment Industry Regulatory Organization of Canada (IIROC)\nannounced on December 31, 2020 that trading in the Company’s common\nshares (the “Common Shares”) will resume at (ET) 9:30 AM on\nJanuary 4, 2021.\n \n \n The Common Shares are listed on the NEX Board (“NEX”) of the TSX\nVenture Exchange (“TSXV”). NEX is a separate board of TSXV. It\nprovides a trading forum for listed companies that have fallen below\nTSXV’s ongoing listing standards.\n \n \n This differentiation provides two distinct marketplaces - each with\nits own risk profile, unique characteristics and specific\nopportunities. NEX companies will benefit from the support and\nvisibility provided by a listing and trading environment tailored to\ntheir needs, while the profile and reputation of TSXV companies will\nbe enhanced as a result of the overall improved quality of the main\nTSXV stock list.\n \n \n Listed companies that develop their businesses to the point where they\nmeet applicable TSXV’s standards will no longer be eligible for\nlisting on NEX and will be entitled to apply for a re-listing on TSXV.\nDepending on the nature of the reactivation (if the company is\ncontinuing in the same business with the same principals), TSXV may\nelect to permit a company to re-list based on ongoing Tier Maintenance\nRequirements rather than Minimum Listing Requirements.\n \n \n The Directors of the Company have scheduled March 15, 2021 as the date\nfor the Company’s next meeting of shareholders. Further details of\nthe meeting will be announced in due course.\n \n \n Now that trading will resume on NEX, the Company intends to apply to\nthe TSXV to transfer its listing from the NEX to the TSXV as a Tier 2\nissuer and to reinstate trading of the Common Shares on the TSXV, all\nin accordance with applicable rules and policies of the TSXV.\n \n \n The Company expects its future business plans to consist of, among\nother things, continued evaluation of the Company’s ...