OTCPK:EXSFF - Post by User
Comment by
PhillyJackon May 03, 2016 1:16pm
101 Views
Post# 24837455
RE:RE:RE:Any news from EXSFF?
RE:RE:RE:Any news from EXSFF?Jump . . . Here are the Toronto rules regarding news releases that have a material effect on the company . . . it very clearly states that the stock exchange must first sign off before the release is published: News releases disclosing material information While the TSX requires that material information be disseminated immediately, the procedure for notifying IIROC of the dissemination of material information varies depending on the time of day at which the dissemination is to take place. If material information is to be disseminated between 8 a.m. Eastern time and 5 p.m. Eastern time, the issuer must pre-file the news release with IIROC and obtain IIROC's sign off before disseminating the news release to the public. IIROC will then be in a position to determine whether a trading halt should be imposed. If material information is to be disseminated before 8 a.m. Eastern time or after 5 p.m. Eastern time, the issuer should send a copy of the news release to IIROC at the same time as it disseminates the news release to the public. Issuers may also wish to call IIROC and leave a voicemail to alert IIROC that the issuer has disseminated a news release disclosing material information. Any news release disclosing material information must be disseminated through a newswire service approved by the TSX. (So yes, this is the procedure that must be followed. The deadline for Teck was May 1. Today is May 3. It is obviously taking time to get the NR written, edited, approved, and released. It would go through Canjex, a news service approved by the TSX.) I would consider my statement to be, therefore, fully backed up.