PAL resumes
Patent Enforcement and Royalties Ltd
Symbol PAL
Shares Issued 23,259,000
Close 2004-11-17 C$ 0.18
Recent Sedar Documents
Patent Enforcement to resume trading on Jan. 19
2005-01-18 16:51 ET - Resume Trading
Effective at 7:30 a.m. Pacific Time on Wednesday, Jan. 19, 2005, trading in Patent Enforcement and Royalties Ltd.'s shares will resume.
Further to the company's news releases dated Nov. 22, 2004, and Jan. 18, 2005, the company has entered into an agreement to acquire a 100-per-cent working interest in the Yorke Hardy molybdenum project. Pursuant to exchange Policy 2.2 -- sponsorship and sponsorship requirements, the exchange has granted the company an exemption to sponsorship requirements.
This resumption of trading does not constitute acceptance of the change of business and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The company is required to submit all of the required initial documentation relating to the change of business within 60 days of the issuance of the news release. If this documentation is not provided, or is insufficient, a trading halt may be reimposed.
Completion of the transaction is subject to a number of conditions, including but not limited to, exchange acceptance and shareholder approval. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. Should this occur, a trading halt may be reimposed.