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 Maryland Leader 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 Maryland Leader.
More InformationHONG KONG: Hong Kong's first authorized protest took place since the end of COVID-19 restrictions and under new strict security ...
MOSCOW, Russia: A new campaign has begun across Russia to attract badly needed recruits to replenish its troop numbers for ...
WASHINGTON D.C.: US House of Representatives Speaker Kevin McCarthy has said that lawmakers will move forward on legislation aimed at ...
CROWNPOINT, New Mexico: Navajo Technical University, located on the largest Native American reservation in the US, has become the first ...
WEST READING, Pennsylvania: An explosion occurred at a chocolate factory in Pennsylvania, killing seven people and seeing ten staff members ...
OTTAWA, Canada: US President Joe Biden and Canadian Prime Minister Justin Trudeau have announced a plan to close a loophole ...
BEIJING, China: After more than a year of self-imposed exile overseas, Alibaba founder Jack Ma has returned to China, allegedly ...
NEW YORK, New York - U.S. stocks and the dollar made solid gains on Wednesday as banking sector fears continued ...
NEW YORK CITY, New York: In a legal filing, Twitter announced that parts of its source code - the fundamental ...
NEW YORK CITY, New York: Bloomberg News has reported that New Jersey-based Valley National Bancorp is bidding to purchase Silicon ...
NEW YORK, New York - U.S. stocks lipped on Tuesday as bond yields rose in the aftermath of the easing ...
DUBLIN, Ireland: US pharmaceutical giant Eli Lilly has said it will build a $1bn medicine manufacturing site in Limerick. Lily ...