RE: Read it..news finallyWhat's with this May 2 stuff. The company was not notified on May 2 by the CDNX but on April 12. To refresh everyone's memory, the CDNX issued the following NR on May 2:
https://www.stockhouse.ca/news/news.asp?newsid=748525&tick=TTC
CDNX Remain Suspended Re Tathacus Resources Ltd.
5/2/01
CANADIAN VENTURE EXCHANGE ("CDNX-V") TATHACUS RESOURCES LTD
("TTC-V") - CDNX Remain Suspended Re Tathacus Resources Ltd.
TATHACUS RESOURCES LTD. ("TTC")
BULLETIN TYPE: Remain Suspended
BULLETIN DATE: May 2, 2001
Tier 2 Company
Further to CDNX Bulletin dated April 6, 2001, the Exchange is continuing its
review of the Company. The Exchange advised the Company in a letter dated
April 12, 2001, that it requires an independent technical audit of Xogen Power
Inc.'s proprietary hydrogen generation technology and the Company's related
public disclosure. This requirement results from the following:
- the Exchange's review of public representations made by the
Company with respect to this technology and its proposed
commercial applications.
- the apparent limited focus of previous independent reviews and
their lack of material conclusions and interpretation of results.
This independent review is to include the following general concepts:
- review and verification of Xogen's proprietary technology;
- testing of Xogen's prototypes for basic concepts of relative
performance efficiencies, safety and operating costs in comparison
with equivalent carbon-based fuels and other power sources;
- assessment of potential economic and commercial applications being
pursued by Xogen; and
- in the context of the above, review of the Company's public
disclosure for clarity, accuracy, balance and completeness.
The Exchange will require full public disclosure of the findings and conclusions of
this audit upon completion. The Exchange may also require that the text of the
report be made public. Trading in the shares of the Company will remain
suspended pending the completion of this audit and resolution of outstanding
issues.
Members are prohibited from trading in the securities of the Company during the
period of the suspension or until further notice. TEL: (604) 488-3100