American Bonanza Gold Corp ABGFF

RE: RE: RE: RE: IR

[morricone]

nadst3r, I think you're getting confused between Trading halts requested by companies (very brief) and halts initiated by the TSX or Ontario Securities Commission because a company has violated securities rules, is in financial trouble, has failed to make required filings, has failed to pay TSX fees or whatever. In the later case where the exchange initiates the halt, yeah it will almost certainly be extremely lengthy and maybe permanent.

TSX policy statement on timely disclosure is quite clear. Some selected quotes:

"The Exchange’s objective is to provide a continuous auction
market in listed securities. The guiding principle is therefore
to reduce the frequency and length of trading halts as much
as possible.".....

"It is not appropriate for a listed company to request a trading
halt in a security if a material announcement is not going to be
made forthwith." .....

"When a listed company (or its advisors) requests a trading halt
for an announcement, the company must provide assurance
to Market Surveillance that an announcement is imminent." ....

"When a halt in trading is necessary, trading is normally inter-
rupted for a period of less than two hours. In the normal
course, the announcement should be made immediately after
the halt is imposed and trading will resume within approxi-
mately one hour of the dissemination of the announcement
through major news wires." .....