Business
Targeted Microware Solutions Announces Transfer to NEX Board
(via TheNewswire) Vancouver, British Columbia - TheNewswire - January 9, 2020...
About this update from Targeted Microwave Solutions Inc
[{"type":"text","content":"Targeted Microware Solutions Announces Transfer to NEX Board(via TheNewswire)\n \n \nVancouver, British Columbia - TheNewswire - January 9, 2020 - Targeted Microwave Solutions Inc. (TSXV:TMS) (OTC:TGTMF) (\"TMS\" or the \"Company\") has not maintained the requirements for a Tier 1 company in accordance with TSX Venture Exchange Policy 2.5. Therefore, effective Monday January 13, 2020 the Company's listing will transfer to the NEX board of the TSX-Venture Exchange. \n\n\n \nThe trading symbol for the company will change from TMS to TMS.H. There is no change in the company's name, no change in its Cusip number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX-Venture Exchange. The NEX board has been designed to provide a forum for the trading of publicly listed companies\n\n\n \nIn addition, the Company has closed a non-brokered private placement of the Company's common shares along with a shares for debt transaction with Claredon Capital Corp The Company will issue 5,000,000 common shares at a price of 0.05 cents per share for gross proceeds of CAD$250,000 along with the issuance of 10,000,000 shares at a deemed price of 0.05 cents per share to settle CAD$500,000 owed by the Company.\n\n\n \nThe Offering Shares and the Debt Shares will also be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable Canadian securities legislation and TSXV requirements.\n\n\n \nThis news release does not constitute an offer of securities for sale in the United States or to US Persons. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements\n\n\n \n \"Mr. Gurminder Sangha\"\nDirector\n\n\n \nFor further information, please contact:\n\n\n \nGurminder Sangha:\n\n\n \nEmail: [email protected] \n\n\n\n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n\n \nFORWARD-LOOKING STATEMENTS\n\n\n \nExcept for the statements o...