Alaska Hydro Corp V.AKH.H

Alaska Hydro fails to meet TSX-V listing requirements

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Alaska Hydro Corp Symbol C : AKH.H Shares Issued 44,238,353 Close 2019-01-18 C$ 0.01 Recent Sedar Documents View Original Document Alaska Hydro fails to meet TSX-V listing requirements 2019-01-21 14:01 MT - News Release Mr. Cliff Grandison reports ALASKA HYDRO REPORTS TSX VENTURE EXCHANGE NOTICE Alaska Hydro Corp. has not been able to meet the conditions specified by the TSX Venture Exchange required to meet its continued listing requirements, as reported in the company's Oct. 19, 2018, news release. The company has failed to meet the continued listing requirements, principally with respect to working capital and assets. The company needed a minimum working capital and funds for one year of activities and administration in order to maintain the TSX-V listing. Accordingly, the company has made application to transfer the listing of the common shares of the company from TSX-V to NEX board. Trading on the NEX board does not materially affect the shareholders, as they will be able to continue to trade as normal. However, the listing on the NEX board does impose conditions on the company, which, among others, limit the granting of options and capital raising. The conditions also include a disclosure of compensation, material contracts and the requirement to obtain approval for certain transactions. Alaska Hydro is seeking funds to allow the company to meet the continued listing requirements to return to the TSX-V and to continue with its application for an environmental assessment certificate and feasibility study for its More Creek hydroelectric project. We seek Safe Harbor.