ACCESSWIRE
17 Mar 2023, 02:19 GMT+10
VANCOUVER, BC / ACCESSWIRE / March 16, 2023 / Orsu Metals Corporation (TSX-V:OSU) ('Orsu' or the 'Company') provides a corporate update. On November 30, 2022, the Company reported that following the disposition of its sole mineral project (as announced on November 14, 2022) the TSX Venture Exchange (the 'Exchange') determined that the Company did not meet the continued listing requirements for a Tier 2 listed company, and therefore the Company was on notice ending March 1, 2023 (the 'Notice Period') from the Exchange that its listing may be transferred to NEX if the Company does not meet Tier 2 continued listing requirements prior to the expiry of the Notice Period.
NEX is a separate board of the Exchange, and it provides a trading platform for listed companies that have fallen below the Exchange's ongoing listing standards.
The Company's discussions and evaluation of a number of potential acquisitions combined with a concurrent equity financing with an aim to move the Company forward have not met with success. The Exchange will issue a bulletin to transfer the Company to NEX, effective, March 20, 2023.
ON BEHALF OF THE BOARD
Sergey Kurzin,
Interim Managing Director
For further information, please contact:
Sergey Kurzin, at 1-604-536-2711 or email: svkurzin@orsumetals.com
Neither the 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.
SOURCE: Orsu Metals Corporation
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationEDINBURGH, Scotland: Humza Yousaf, the first Muslim to lead a democratic western European nation, was sworn in as Scotland's new ...
WASHINGTON D.C.: Potentially hampering US efforts to arm Ukraine against Russia's invasion, rebuild local infrastructure and boost production, manufacturers of ...
WASHINGTON D.C.: After a series of high-profile incidents aboard US aircraft, several bipartisan lawmakers will again push for legislation to ...
HANOI, Vietnam: Tensions were again increasing off the coast of Vietnam as Hanoi ordered its navy to shadow a Chinese ...
In Warsaw last February, President Joe Biden condemned the lawless Russian invasion of Ukraine: "The idea that over 100,000 forces ...
TOKYO, Japan: Fears over intensifying Chinese military activity directed towards Taiwan could escalate into war have prompted Japan, the United ...
The Chicago Fire and visiting D.C. United combined for just five shots on target as they played to a scoreless ...
Jesper Boqvist scored the tiebreaking goal with 1:32 remaining in the second period as the New Jersey Devils pulled away ...
The Cincinnati Reds will close their season-opening series with the visiting Pittsburgh Pirates on Sunday, sending their third heralded second-year ...
With a playoff berth already clinched, the Cleveland Cavaliers host the Indiana Pacers on Sunday to kick off the final ...
The New York Knicks began to learn what it'll be like to play without Julius Randle on Friday night. Fortunately ...
Kyle Tucker had a pair of RBI singles to lift the host Houston Astros to a 6-4 victory over the ...