Simba Essel Energy downgraded to NEX! (RIP!) Thank you Hassan, well done!
Simba Essel Energy downgraded to NEX
2020-10-05 17:32 ET - Symbol Change
In accordance with TSX Venture Exchange Policy 2.5, Simba Essel Energy Inc. has not maintained the requirements for a TSX Venture Exchange Tier 2 company. Therefore, effective at the opening on Wednesday, Oct. 7, 2020, the company's listing will transfer to the NEX, the company's tier classification will change from Tier 2 to the NEX, and the filing and service office will change from Vancouver to the NEX.
As of Oct. 7, 2020, the company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the company will change from SMB to SMB.H. There is no change in the company's name, no change in its Cusip number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture Exchange market.
Further to the TSX Venture Exchange bulletin issued Nov. 4, 2019, trading in the shares of the company will remain suspended.
Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice.
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