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zimmeeon Oct 04, 2018 3:18pm
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WHAT IS THAT AND WHAT IS GOING ON SIR?
WHAT IS THAT AND WHAT IS GOING ON SIR?https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFMR-2667093&symbol=FMR®ion=C
Fairmont to apply to TSX-V for delisting
018-10-04 14:18 ET - News Release
Mr. Michael Lerner reports
FAIRMONT PROVIDES UPDATE ON DELISTING AND PROPERTY SALE
As previously disclosed in Fairmont Resources Inc.'s news release of Aug. 23, 2018, the company intends to proceed as soon as possible with its plans to delist its common shares from the TSX Venture Exchange and to transfer its interest in the Buttercup property to Frederic Bergeron and Magnor Exploration Inc. in satisfaction of $150,000 in debt owed by the company to such individuals.
The company received shareholder approval for the delisting, on a majority of the minority basis, and for the property sale, at its annual general and special meeting held on Sept. 21, 2018. As the requisite shareholder approvals have now been obtained, the company intends to apply to the exchange this week to complete the delisting, which will only become effective once the exchange has provided its approval and issued a bulletin. In addition, the company intends to close the property sale as soon as possible following the delisting, which is a condition to the closing of the property sale.
About Fairmont Resources Inc.
Fairmont Resources is an industrial mineral company trading on the TSX Venture Exchange under the symbol FMR.
We seek Safe Harbor.
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15:16:56 EDT Thu 04 Oct 2018 | V:FMR - FAIRMONT RESOURCES INC - https://fairmontresources.ca/ | 15:16:56 EDT | |
| FMR - V | 1.5 | 0.18 · 0.22 | 8.0 | 0.22 | +0.035 | 18.9 | 58.5 | 12 | 13 | 0.22 0.22 0.18 | 0.55 0.10 | 14:49:27 | 14:18 | 15 min |