Oct 05, 2016
ZAZU METALS CORPORATION TO VOLUNTARILY DELIST FROM TORONTO STOCK EXCHANGE AND LIST ON TSX VENTURE EXCHANGE
Zazu Metals Corporation (TSX: ZAZ, "Zazu" or the "Company") announced today that, further to the press release of June 14, 2016, and review by the Toronto Stock Exchange (the "TSX") of the eligibility for continued listing, Zazu has applied to voluntarily delist its common shares from the TSX and list them on the TSX Venture Exchange (the "TSX-V") through the streamlined listing procedures of the TSX-V.
The Corporation has initiated discussions with the TSX-V and plans to complete this process within the timing of listing extensions granted by the TSX. It is expected that the common shares will be delisted from the TSX within 30 to 60 days. The Corporation will issue a subsequent news release at least 10 business days in advance of Zazu's delisting from the TSX and the concurrent listing on the TSX-V. Listing of the common shares on the TSX-V is subject to acceptance by the TSX-V.
The directors of the Company believe that a listing on the TSX-V will provide for greater operational efficiency and lower costs for the Company while allowing shareholders continued liquidity on a recognized exchange.
The delisting is not expected to have any impact on the Company's ongoing operations, nor on its ability to raise further funds, if required, to progress the continued development of its projects.
You can view the Next News Releases item: Wed Nov 16, 2016, ZAZU METALS CORPORATION ANNOUNCES TRANSFER TO TSX VENTURE EXCHANGE
You can view the Previous News Releases item: Tue Jun 14, 2016, NOTIFICATION OF TSX CONTINUED LISTING REVIEW
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