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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Post by colt451on May 09, 2012 4:15pm
210 Views
Post# 19891554

For those voting yes - FIU would be de-listed

For those voting yes - FIU would be de-listed

This should be the last straw for anyone even thinking about voting yes. If there is any reason you are contemplating voting yes, it will be a bloody process trying to get your money. If the asset sale is approved, FIU's status on the TSX will be reviewed, and given their current position it is almost an absolute certainty that FIU would be delisted on review. Meaning that you will have to jump through multiple hoops to even have a small chance of receiving your money, but without the TSX regulations, there will be no transparency or regulations, the shares would be subject to South Africa trading regulations, which are virtually non existant. This is not even an opinion, it is a fact, the excerpt from the circular is below, read it if you do not believe me. 

 

 

"The Corporation may then proceed to be wound up and dissolved. However the Board has not made any decisions with respect to the windup and dissolution at this time. Upon completion of the Transactions, the Corporation may not meet the TSX’s original listing requirements under any of the listing categories of the TSX. If this is the case the Corporation will be delisted from the TSX.

If the Corporation is to be delisted from the TSX, the Corporation intends to take steps to maintain liquidity in the Common Shares by applying for listing on NEX, a separate board of the TSX Venture Exchange that provides a trading forum for listed companies that have low levels of business activity or have ceased to carry on an active business, or an alternative exchange in Canada. No assurance can be given that the Corporation will meet the listing requirements for an alternate listing on NEX or an alternative exchange in Canada. In the event the securities of the Corporation are not listed on TSX, NEX or an alternative exchange, there will be no public market through which the securities may be sold and traded and Shareholders may not be able to dispose of their securities. This can be expected to affect the liquidity of the Common Shares and the transparency and availability of trading prices." 

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