Will trading RESUME before Year End,,,,,,,,??????/ TORONTO, Nov. 25, 2021 /CNW/ - Advantex Marketing International Inc. (CSE: ADX) ("Advantex"), a leader in the merchant cash advance and loyalty marketing products for merchants, announced its results for three months ended September 30, 2021.
The company’s common shares are listed on the Canadian Securities Exchange (“CSE”). By June 24, 2021 the company was back in compliance with Ontario Securities Commission (“OSC”) regulatory requirements.
The next step to commencement of trading of its common shares on CSE requires the completion of a share consolidation, a CSE requirement. The company secured approval of its shareholders at the August 26, 2021 special meeting of its shareholders to consolidate the issued and outstanding common shares of the company, on the basis of a consolidation ratio of not more than one hundred (100) pre-consolidation common shares for one (1) post-consolidation common share.
The company expects to complete the share consolidation process in due course and apply to the CSE for commencement of trading.