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VANCOUVER – Boundary Gold and Mining Ltd. is about to renew buying and selling on Monday, December 11, after its transfer from the TSX Enterprise Alternate Tier 2 to the NEX board, a separate board of the TSX Enterprise Alternate for corporations which have fallen under its ongoing itemizing requirements. The transition comes on account of the corporate’s failure to satisfy the Tier 2 necessities outlined in Coverage 2.5.
The reinstatement of buying and selling follows the revocation of Boundary Gold and Copper Mining’s Stop Commerce Order by the British Columbia Securities Fee as a consequence of non-compliance points. With the shift to NEX, the corporate will commerce below a brand new ticker image, BDGC.H, reflecting its up to date market standing. The “.H” extension is often used to indicate corporations listed on the NEX board.
Regardless of these vital adjustments, Boundary Gold and Copper Mining will retain its company id, together with its title, Cusip quantity, and current capital construction, which stays unconsolidated. Nonetheless, as a part of the NEX board rules, the corporate will face sure restrictions on share issuances and particular forms of funds.
The transfer to NEX is commonly seen as a step for corporations which are working in direction of reestablishing themselves and assembly the necessities essential to return to a higher-tier alternate sooner or later.
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