Business
District Publishes Company Description in Connection with Listing on the Nasdaq First North Growth Market in Sweden
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2025) - District Metals Corp. (TSXV: ...
About this update from District Metals Corp.
[{"type":"text","content":"District Publishes Company Description in Connection with Listing on the Nasdaq First North Growth Market in SwedenVancouver, British Columbia--(Newsfile Corp. - January 17, 2025) - District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP); (\"District\" or the \"Company\"). On Thursday December 12, 2024 Nasdaq Stockholm AB approved Districts application for admission to trading the Company's depositary receipts (the \"DMX SDRs\") on the Nasdaq First North Growth Market (\"Nasdaq First North\"). Today, January 17, 2025, the Company publishes a Company Description, in accordance with Nasdaq First North rules for application. The preliminary day for the first day of trading on Nasdaq First North is set to be January 23, 2025, dependent on the Company meeting the listing conditions summarized on December 17, 2024. This Company Description has been approved by Nasdaq Stockholm AB and is available for review here. The Company Description is not a prospectus, has not been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and does not contain any offering of shares or any other offering of financial instruments in the Company in Sweden or in any other jurisdiction. The Company Description includes, but is not limited to, information about the Company's business, the market, financial overview, risk factors and information about the board of directors, executive management and corporate governance.With the listing of the DMX SDRs on Nasdaq First North, the Company will cease to be a \"venture issuer\" under Canadian securities laws. The Company has applied for exemptive relief from applicable Canadian securities regulatory authorities that despite the listing of the DMX SDRs on Nasdaq First North, the Company will continue to be a \"venture issuer\" for the purposes of Canadian securities laws. There is no guarantee that the Company will receive the requested relief and receipt of the exemptive relief remains at the discretion of applicable Canadian securities regulatory authorities. As of the date of this news release, the Company's application for exemptive relief remains under review by applicable Canadian securities regulatory authorities. The Company is proceeding with its listing is Sweden while the review by Canadian securities regulatory authorities continues. About Nasdaq First North Growth Mar...