GREY:HRIVF - Post by User
Comment by
cjsellon Apr 21, 2009 3:23pm
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Post# 15934008
RE: what happens if and when...
RE: what happens if and when...If I am not mistaken, HRG was/is insolvent as at Nov 21, 2008 and this violated the TSX listing requirements and HRG applied for the "HARDSHIP" review status. This gave HRG 210 days or unitl June 19, 2009 to petition/prove the TSX that HRG meets all of the listing requirements, OR the security will be de-lsited from the TSE. This allowed Severstal to swoop in and buy 50%+ ownership without having to have a shareholders vote (there was no time).
HRG still needs to file Q4 and FY 2008 results, and announce the AGM. If we make it that far.
TSX Delisting Review - High River Gold Mines Ltd. (HRG)
November 21, 2008
NOVEMBER 21, 2008 (TORONTO) – DELISTING REVIEW – High River Gold Mines Ltd. (the “Company”) – TSX is reviewing the common shares (Symbol: HRG) and warrants (Symbol: HRG.WT) of the Company with respect to meeting the continued listing requirements. The Company has been granted 210 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.
CJ