Business
TRU Precious Metals Obtains Conditional Approval for TSX Venture Exchange Change of Business to Mining Issuer
Fredericton, New Brunswick--(Newsfile Corp. - April 30, 2021) - TRU Precious Metals Corp. (TSX...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"TRU Precious Metals Obtains Conditional Approval for TSX Venture Exchange Change of Business to Mining IssuerFredericton, New Brunswick--(Newsfile Corp. - April 30, 2021) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (\"TRU\" or the \"Company\") is pleased to announce that further to its press release on February 2, 2021, the Company has received conditional approval from the TSX Venture Exchange (the \"Exchange\") for a Change of Business (as such term is defined in Exchange Policy 5.2) to a \"mining issuer\" from its current classification as an \"investment issuer\".In connection with the Change of Business and pursuant to Exchange requirements, the Company has filed a filing statement dated April 29, 2021 (the \"Filing Statement\"), together with a National Instrument 43-101 geological report on the Golden Rose Project (the \"Geological Report\"), under the Company's SEDAR profile at www.sedar.com. Readers are strongly encouraged to review the Filing Statement and the Geological Report for full details on the Change of Business. TRU Co-Founder and CEO Joel Freudman commented, \"Today marks an important milestone for our Company. We filed our initial comprehensive submission with the Exchange in early March shortly after completing our financing, and have aggressively advanced the Change of Business since, with thanks to the attentiveness and solutions-oriented approach of the Exchange, to secure conditional approval of our Change of Business in less than two months.\"The Company intends to complete the Change of Business and resume trading the week of May 10, 2021. The completion of the Change of Business remains subject to final approval by the Exchange and fulfillment of Exchange requirements, including among other things, obtaining shareholder approval of the Change of Business by way of written consents. Until final approval is obtained and a Final Exchange Bulletin is issued, trading in the common shares of the Company will remain halted. Upon resumption of trading, the Company will be listed on the Exchange as a Tier 2 \"mining issuer\". The Company's name and ticker symbol, \"TRU\", will remain the same.Mr. Freudman added, \"Alongside the Change of Business, we have been hard at work mapping out our 2021 exploration programs and building an exploration team to position TRU as a contender in the prolific Centr...