Business
VOLUNTARY DELISTING FROM THE TSXV AND OTC MARKET
Macarthur Minerals Ltd (TSXV: MMS) (ASX: MIO) (OTC Market: MMSDF) ("Macarthur" or the "Company") announces that it will voluntary delist its Fully Paid Ordinary Shares ("shares") (the "Delisting") from the TSX Venture Exchange (the "TSXV") and OTC Market. It is anticipated that the Shares will be delisted at the close of business on May 16, 2025.
About this update from Macarthur Minerals Limited
[{"type":"text","content":"VANCOUVER, BC, May 6, 2025 /CNW/ - Macarthur Minerals Ltd (TSXV: MMS) (ASX: MIO) (OTC Market: MMSDF) ("Macarthur" or the "Company") announces that it will voluntary delist its Fully Paid Ordinary Shares ("shares") (the "Delisting") from the TSX Venture Exchange (the "TSXV") and OTC Market. It is anticipated that the Shares will be delisted at the close of business on May 16, 2025.","length":443,"tagName":"p"},{"type":"image","alt":"Macarthur Minerals Limited Logo (CNW Group/Macarthur Minerals Limited)","displaySize":"","headline":null,"caption":"Macarthur Minerals Limited Logo (CNW Group/Macarthur Minerals Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":249,"height":49,"url":"https://media.zenfs.com/en/cnwgroup.com/336eb4a70fa211dff863b1beebf1582f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DvXbbXm1Jiuq69Ah4Kfayw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTgzO2NmPXdlYnA-/https://media.zenfs.com/en/cnwgroup.com/336eb4a70fa211dff863b1beebf1582f","width":249,"height":49}},"href":"https://mma.prnewswire.com/media/2680677/Macarthur_Minerals_Limited_VOLUNTARY_DELISTING_FROM_THE_TSXV_AND.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The board of directors of Macarthur has decided that it is in the Issuer's best interests to complete the Delisting due to the following factors:","length":149,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Company believes that the minimal trading activity of its Shares on the TSX-V and OTC Market no longer justifies the expense and administrative requirements associated with maintaining its dual listing.","length":206,"tagName":"p"}]},{"val":[{"type":"text","content":"The majority of Macarthur's investors are Australian-based. A single listing on the Australian Stock Exchange (ASX) will better serve investors and investments in the Company.","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"Macarthur's continuing ASX listing is expected to provide shareholders with a sufficiently liquid market.","length":109,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":494,"olType":false},{"type":"text","content":"The Delisting will not affect the Macarthur's listing on the ASX and the Company's fully paid ordinary Shares wil...