news
Greenflag suspended for failing to file Q1 financials
2014-09-16 12:35 ET - News Release
Mr. William Wright reports
TRADING SUSPENSION ON TSX VENTURE EXCHANGE
Greenflag Ventures Inc. has been suspended from trading at the election of the TSX Venture Exchange. The trading suspension arose after Greenflag failed to file its first quarter interim financial statements on time. While the company has since filed its Q1 interim financial statements, and management discussion and analysis statements on SEDAR, Canada's mandatory document filing and retrieval system, trading in the company's common shares remains suspended on the exchange until such time as the company successfully applies for reinstatement on the exchange. This suspension does not affect the company's operations, and all efforts are being made to resume trading on the exchange in the immediate future.
Greenflag Ventures recently experienced a change in key personnel and board members, including the introduction of the new chief executive officer, William M. Wright III, and a shifting of other significant positions. During this shift, the company's new management team pooled all resources and exerted every effort to bring its financials up to date. Late filing of the Q1 financials resulted in a cease trade order issued by the British Columbia Securities Commission, and this led to the exchange suspending trading in the common shares of Greenflag on the exchange. Management of the company is working to get the suspension revoked and to resume trading the company's common shares on the exchange.
The new board members are excited about the company's prospects and look forward to continued success throughout the rest of 2014 and beyond. The company is also focusing on acquisitions, and details of such acquisitions will be announced when appropriate to do so. In the meantime, the company's operations are continuing as usual, and Greenflag Ventures anticipates continued growth and success in the months to come.