Stans Energy Corp V.HRE.H

I found the continuous listing reqs for tsxv tier 2 company

[TrickyGame]

Continued Listing Requirements 2.1 The following table sets out the Tier 2 Continued Listing

Requirements: Tier 2 Continued Listing Requirements Standard Industry Segments Mining 

Investment Public Distribution and Market Capitalization
(i) no less than 500,000 Listed Shares in the Public Float (ii) 10% of Listed Shares must be in Public Float (iii) Listed Shares in Public Float must have minimum market capitalization of $100,000 (iv) at least 150 Public Shareholders holding at least one Board Lot each, free of Resale Restrictions

Working Capital adequate Working Capital or Financial Resources of the greater of (i) $50,000 and (ii) an amount required in order to maintain operations and cover general and administrative expenses for a period of 6 months

Assets and Operations no requirements generally although the Exchange retains discretion to declare that an Issuer no longer meets Tier 2 Continued Listing Requirements if, in the Exchange’s opinion, the Issuer or its principle operating subsidiary substantially reduces or impairs its principal operating assets, ceases or discontinues a substantial portion of its operations or business for any reason, or seeks protection or is placed under the protection of any insolvency or bankruptcy laws or is placed into receivership

Activity either A or B below: A) For the Issuer’s most recently completed financial year: i) positive cash flow; ii) significant operating revenue; or iii) $50,000 of exploration or development expenditures. B) In aggregate, for the Issuer’s two most recently completed financial years, $100,000 of exploration or development expenditures

So it seems the company doesn't meet either the working capital reqs or B side of activity

[mrstockguy]

This is exactly what I've been saying. They have been disregarding the rules for far too long. It's been a shell company and Boris still doesn't realise that. He gave up on updating the website about 4 years ago. management have not done their jobs to keep this stock alive. OSC have had enough.  

[TrickyGame]

Well the OSC created unreasonable delay in the CTO process twice, once in April to June for over a month and once in June to July for two weeks. That's 20-30 trading days for the company that were wasted. And about the website, it seems they are working on relaunching it.

[mrstockguy]

I don't understand what you're saying. It's been booted off the TSX. What news are you expecting now from mgmt. STANS ENERGY CORP. ("HRE.H") [formerly Stans Energy Corp. ("HRE") BULLETIN TYPE:  Transfer and New Addition to NEX, Symbol Change, Remain Suspended BULLETIN DATE:  July 6, 2021 TSX Venture Tier 2 Company In accordance with TSX

[TrickyGame]

They still have that PR to put out. technically. It got booted off the TSXV because they haven't spent $100k on exploration or development expenditures. But with the Rosatom deal on hold they can't spend that money on exploration and development.