Jayden to List on the TSX Venture Exchange
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/05/15 -- Jayden Resources Inc. (TSX: JDN) ("Jayden" or the "Company") announces that it has applied to list its common shares for trading on the TSX Venture Exchange (the "TSXV"). Upon TSXV approval of the new listing, the Company's common shares will cease trading on the Toronto Stock Exchange (the "TSX") and begin trading on the TSXV the following trading day.
In April 2015, the TSX notified Jayden that it was reviewing the Company's eligibility for continued listing on the TSX because it had not met the continued listing requirement to spend $350,000 on exploration and development of its properties during fiscal 2014 that ended December 31, 2014. The TSX would have offered remedies to maintain the listing, but after careful consideration the Company has voluntarily decided to change its listing from the TSX to the TSXV, subject to Jayden meeting all the listing requirements of the TSXV, which the Company is confident it can meet.
Management of the Company felt due to current negative market conditions and deflated market prices for resource companies that maintaining the minimum $350,000 per year would prove too dilutive if the Company had to raise the necessary funds at its current market price. Maintaining a listing on the TSX Venture Exchange is much more affordable and management feels that once things turn around in the industry, at that time the Company will consider re-listing on the main board of the TSX.
For further information about this news release and the Company's current activities contact or visit our website at .
On Behalf of the Board:
Letty Wan, President and Chief Executive Officer
The Toronto Stock Exchange has not yet reviewed and does not take responsibility for the adequacy of the content of this news release.
Contacts:
Jayden Resources Inc.
Letty Wan
President and Chief Executive Officer
(604) 688-9588
(778) 329-9361 (FAX)
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Datum: 05.08.2015 - 22:17 Uhr
Sprache: Deutsch
News-ID 411911
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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