Ordinary shares in the Company will continue to trade on the AIM market of the
Over the past three years, daily trading activity in the Company's ordinary shares on AIM has increased materially and, in the last twelve months, has accounted for around 99% of the aggregate trading volume on both platforms. As a result of the minimal trading volumes on the TSX, the Company believes that the financial costs and administrative requirements associated with maintaining the TSX listing are no longer justified.
Shareholder approval is not required for the delisting because the Company's shares trade on AIM, which is an acceptable alternative market in accordance with Section 720(b) of the TSX Company Manual.
Additional Information for Shareholders on the
Following the delisting from the TSX, Canadian shareholders wishing to trade their shares on AIM will require that such shares are made eligible to be transferred and settled though CREST, the
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