RE:The next steps An update to this post from Oct 29 outlining the process. New notes in
bold. It's only taken a few days longer than expected and not alarmingly so, so nothing to worry about at all:
MidtownGuy wrote: Here's the process and what NRs should occur in order base on the formal uplisting process:
- final short-form prospectus gets filed and uploaded to SEDAR (no news release; should happen today)
** this happened yesterday, Tuesday the 4th **
- share issuance / financing closes (news release; previous NR stated on or about Friday Oct 30)
** as stated in the final prospectus doc submitted Tues the 4th, the expected share issuance closing date has now been moved back to Nov 10. Keep in mind, it may happen any day prior as well. **
- final approval for TSX uplisting approved (news release; any time after share issuance closes, but also usually exactly two weeks after prelim uplist approval which was Mon 26th, so potentially Tuesday the 9th or earlier)
** if using the newly stated Nov 10 date for the share issuance closing, final uplist approval could be given from Wed the 11th. But that issue closing date is not a locked down date, so if the issuance closes sooner then the uplist could also.
Could they stil maintain the origially stated common two week uplist timeline from the filiing of the prelim prospectus, which would be Tuesday the 9th? Possibly, if the issuance actually closes today or tomorrow and the uplist NR is given friday or monday. More likely now the uplist is late next week based n the stated timeline, but it would be great to see a surprise like that and be trading on the big board by this Monday.
It's key to note the TMX has given PYR until late January to complete the whole process, so there is no fear of them missing some timeline. Here's the clause from the new final prospectus doc: "Final approval of the listing on the TSX is subject to the Company fulfilling all of the requirements of the TSX on or before January 19, 2021, including the completion of the Offering. **
- trading on TSX (within one or two days of final approval NR)
** any time from (at the earliest) next Monday the 9th to Friday the 13th (ooh what a day that would be) **
- contract announcement (news release; either just before or once uplisted, but who really knows at this point)
** we all suspect this won't happen until either:
1/ the share issuance closes, so any time from tomorrow, until next Wednesday the 11th and beyond, or
2/ until after the uplisting, any time from (at the earliest) next Monday the 9th to Friday the 13th and beyond
Patience. The process will take care of itself.