............................

 

The TSX sends like letters out to all companies that fall below certain rules/criteria for retaining listing on the TSX and they give the companies four months to fix the problem. In our case, our market cap fell below $3.0M for 30 consecutive trading days and that pulls the trigger. The main reason for the decrease in market cap we feel is that there is a 1.0 M block sitting out there the has capped our price for several months. This block is a computer sell order from TD Waterhouse --- probably a fund that needs to sell because of redemptions. We are working to get someone to take out this block.

 

Understand that we would not be “delisted” but would move from the TSX to the TSX-V or other listing.

 

We take the TSX notice very seriously as we have been on the TSX for approx. 25 years and do not intend to leave the TSX unless forced into that position in which case we would simply move to the TSX-V where there are many good companies listed. In fact, some of our shareholders that I have spoken to say – why not just move to the TSX-V anyway as the TSX really does not want small entities like Thundermin on the “big board” and it would be cheaper in the long run.

We intend to fix our problem, if possible, and remain on the TSX.

 

Regards

john

 

 

From: ...............................................
Sent: Monday, April 22, 2013 9:37 PM
To: Info
Subject: Delisting?????

 

John what gives???????

Need some info on what is up with this.

 

·         April 11, 2013 8:45 AM

·         - Financial

·         - Regulatory

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·         SAVE

TSX Delisting Review - Thundermin Resources Inc. (Symbol: THR)

TORONTO, April 11, 2013 /CNW/ - DELISTING REVIEW   Thundermin Resources Inc. (the "Company") - TSX is reviewing the Common Shares (Symbol: THR) of the Company with respect to meeting the continued listing requirements.  The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.

About TMX Group (TSX-X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community.  TMX Group is headquartered in Toronto and operates offices acrossCanada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney.  For more information about TMX Group, visit our website at www.tmx.com.  Follow TMX Group on Twitter at https://twitter.com/tmxgroup.

SOURCE: TMX GROUP INC.

For further information:

Corporate Communications, TMX Group Inc., Toll Free 1-888-873-8392, info@tsx.com