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TVI to Voluntarily Delist from the Toronto Stock Exchange and List on the TSX Venture Exchange
TVI to Voluntarily Delist from the Toronto Stock Exchange and List on the TSX Venture Exch...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n\n\n\nTVI to Voluntarily Delist from the Toronto Stock Exchange and List on the TSX Venture Exchange\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nTVI to Voluntarily Delist from the Toronto Stock Exchange and List on the TSX Venture Exchange\nCanada NewsWire\nCALGARY, July 12, 2016\n\n\n\nCALGARY, July 12, 2016 /CNW/ - TVI Pacific Inc. (TSX: TVI) (OTC Pink: TVIPF) (\"TVI\" or \"the Company\") announces that, as part of an ongoing initiative to reduce annual operating costs, it has applied to voluntarily delist its common shares from the Toronto Stock Exchange (\"TSX\") and to list them on the TSX Venture Exchange (\"TSX-V\") through the streamlined listing procedures of the TSX-V.  The Company has now received all approvals from both exchanges to delist from the TSX on July 29 and to list on the TSX-V on August 2, 2016.\n\nSince the beginning of 2016, TVI has initiated numerous measures to reduce its annual operating costs. The initiatives include rationalization of head office support and accounting staff, reduction and/or deferral of management and staff compensation, deferred director compensation, and negotiating reduced rates for key service providers.  A move to the TSX-V will allow the Company to further reduce costs through lower listing fees while continuing its commitment to keep shareholders informed through the disclosure and regulatory standards of the TSX-V. \n\n\"Following a strategic review of TVI's activities with a view to reducing operating costs, the Board concluded that the TSX-V is a more appropriate listing platform given the Company's current capital structure, market capitalization and activities,\" stated Clifford James, Chairman and CEO of TVI.  \"By switching from the TSX to the TSX-V, TVI will benefit from greater operational efficiency and lowered costs without impacting our continuing project evaluation and acquisition activities or our ability to raise further funds to advance our corporate development objectives.\"\n\nTVI expects that the transition from the TSX to the TSX-V will be completed in an efficient and seamles...