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PANTHERA EXPLORATION INC. FILES FORM 15F TO DEREGISTER IN THE USA UNDER THE SECURITIES EXCHANGE ACT OF 1934
PANTHERA EXPLORATION INC. FILES FORM 15F TO DEREGISTER IN THE USA UNDER THE SECURITIES EXCHANGE A...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"\nPANTHERA EXPLORATION INC. FILES FORM 15F TO DEREGISTER IN THE USA UNDER THE SECURITIES EXCHANGE ACT OF 1934\n\n\n Dec. 8, 2010 (TheNewswire.ca) -- Panthera Exploration Inc. (TSX-V: PNX, OTCBB: PNXLF, FRA: GAC, WKN: A0RK7E, \"Panthera\" or \"the Company\") today announces that it has filed a Form 15F with the U.S. Securities and Exchange Commission (the \"SEC\") with the intention of voluntarily terminating the registration of its common shares under section 12(g) of the Securities Exchange Act of 1934 (the \"Exchange Act\"). Panthera expects that this termination of registration will become effective 90 days after its filing with the SEC. As a result of this filing, Panthera's reporting obligations with the SEC, including its obligations to file annual reports on Form 20-F and reports on Form 6-K, will immediately be suspended.Panthera will continue to comply with its Canadian continuous disclosure obligations by making filings with the applicable Canadian securities regulators via the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. Panthera's common shares will continue to be listed and trade in Canada, in Canadian dollars, on the TSX Venture Exchange under the symbol \"PNX\".Panthera is current with its reporting requirements under the Exchange Act.In determining to terminate the registration of its common shares under the Exchange Act, the Company considered that administrative burdens and costs associated with being a U.S. reporting company have significantly increased in the past few years, particularly in light of new requirements introduced pursuant to the Sarbanes-Oxley Act of 2002. The time and costs associated with preparing U.S. filings and meeting SEC regulatory requirements are substantial, and overall the Company's management believes that these administrative burdens and their associated costs far outweigh the benefits derived from the Company's registration with the SEC.About Panthera Exploration Inc. (OOTC:PNXLF) (TSXV:PNX) Panthera Exploration is a Vancouver-based exploration company listed on the TSX Venture Exchange under the symbol PNX. Management is currently evaluating acquisitions to build its property portfolio. Panthera is a member of the Grosso Group, a management company specializing in resource exploration for over 17 years.ON BEHALF OF THE BOARD\"Gerald Carlson\"___...