Business
Graduation from NEX to TSX Venture, Symbol Change, Property-Asset or Share Purchase Agreement
(TheNewswire) FOR IMMEDIATE RELEASE: TORONTO, Ontario – TheNewswire – A...
About this update from Afr Nuventure Resources Inc
[{"type":"text","content":"Graduation from NEX to TSX Venture, Symbol Change, Property-Asset or Share Purchase Agreement\n \n \n (TheNewswire)\n \n \n \n FOR IMMEDIATE RELEASE: TORONTO, Ontario – TheNewswire\n– August 27, 2021\n \n \n African\nMetals Corporation (the \"Company\") [\n \n \n (\n \n \n TSXV:AFR\n \n \n )\n \n \n (formerly AFR.H)]\n \n \n is\npleased to announce that the TSX Venture Exchange (the “TSXV”) has\nconfirmed that the Company has met the requirements to be listed as a\nTSXV Tier 2 company. Therefore, effective at the opening, Monday,\nAugust 30, 2021, the Company’s listing will transfer from NEX to TSX\nVenture, the Company’s Tier classification will change from NEX to\nTier 2, and the Filing and Service Office will change from NEX to\nVancouver. Effective at the opening, Monday, August 30, 2021, the\ntrading symbol for the Company will change from AFR.H to AFR. The\ncapitalization of the Company consists of an unlimited number of\ncommon shares with no par value of which 18,038,681 shares are issued\nand outstanding.\n \n \n \n \n John F. O’Donnell, Chairman of the Board of the\nCompany, stated that he is extremely happy that the Company has\nfinally achieved this pivotal moment in its history and went on to\nstate “\n \n \n When the current\nboard took responsibility for the Company, we were extremely dismayed\nwith the dire financial condition of the Company which we inherited.\nDetermined to clean up the insolvent mess we discovered, we persevered\nthrough a long and arduous process, filled with adversity, and were\nable to return the Company to fiscal and compliant health\n \n \n .” Mr. O’Donnell added “\n \n \n Today is the culmination of those efforts\nand we would like to thank our shareholders for their patience and\nsupport during this period. This is truly an inflexion point and we\nlook forward to a brighter future\n \n \n .”\n \n \n \n \n The TSXV has also announced that it has accepted for\nfiling an Assignment of Rights Under Exploration Agreement with\nVenture Option dated effective April 23, 2019 (the “Assignment\nAgreement”) with Frederick Private Equity Corporation (“Frederick\nPEC”), pursuant to which the Company was assigned certain rights and\nobligations of Frederick PEC under an Exploration Agreemen...