TSXV:EVE.H - Post by User
Comment by
cannveston Dec 20, 2019 11:59am
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Post# 30476998
RE:News
RE:NewsIts up to IIROC to determine if a halt is needed, heres info from their site....
IIROC monitors the timely disclosure of material information by companies trading on marketplaces that have retained IIROC as their regulation service provider. Media releases issued by listed companies with material information are reviewed by IIROC surveillance staff before being released on the newswires or the company’s website. If a news release is unclear or overly-promotional, IIROC may ask the company to revise it.
When surveillance staff believe that the information is material enough to significantly impact the price of the security they might issue a “trading halt.” A trading halt is a temporary pause in trading to allow the market to properly absorb the information. It is based on the principle that all investors should have the same timely access to important company information.